1998-160 O OINANCENO c/t__/& o
AN ORDINANCE APPROVING THE ASSIGNMENT OF THE AGREEMENT BETWEEN
THE CITY OF DENTON AND THE FRIENDS OF DENTON COUNTY HISTORY, INC (97-
98), PROVIDING FOR THE PAYMENT AND USE OF HOTEL TAX REVENUES TO THE
HISTORICAL SOCIETY OF DENTON COUNTY, INC, SUBJECT TO THE APPROVAL OF
REVISIONS TO THE ORIGINAL BUDGET APPROVED BY RESOLUTION NO 98-013,
AND PROVIDING AN EFFECTIVE DATE
WHEREAS, Friends of Denton County History, Inc (Friends) contracted with the City of
Denton pursuant to Ordinance No 97-250 to use $5,000 of Hotel Tax Revenues during the 1997-
98 budget year to promote three projects a) 2nd Annual Denton County Intertnbal Pow Wow, b)
a concert of indigenous music of the Americas, and ¢) a concert of the indigenous music of
Africa, and
WHEREAS, Friends desires to assign its revenues and responsibilities under this contract
to a 501(c)(3) non-profit corporation known as Historical Society of Denton County, Inc
(Society), which has membership and purposes similar to the Friends, to avoid unnecessary
payment of corporation processing and legal fees, and
WHEREAS, in consideration of the City Council approving this assignment, Society
agrees to provide a more definitive budget for City Council approval regarding the expenditure
of funds for the aforementioned three projects prior to expending the hotel tax revenues, NOW,
THEREFORE,
THE COUNCIL OF THE CITY DENTON HEREBY ORDAINS
~ That the assignment of the contract between the City of Denton and the
Friends of Denton County History, Inc (Friends) approved by Ordinance No 97-250 to the
Historical Society of Denton County, Inc (Society) is hereby approved, subject to the approval
by the C~ty Council of rev~sions by the Society to the original budget for Friends approved
pursuant to Resolution No 98-013
~ That this ordinance shall become effective immediately upon its passage
and approval
this the 6~]lt~ day of~/~=~ ,1998
PASSED
APPROVED
ATTEST
JENNIFER WALTERS, CITY SECRETARY
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