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1994-119E:\WPD0CS\0RD\NTFAIR.AMD NO. I T 0 AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AMENDMENT NO. 1 TO THE AGREEMENT BETWEEN THE CITY OF DENTON AND THE NORTH TEXAS FAIR ASSOCIATION FOR THE PAYMENT AND USE OF HOTEL TAX REVENUE; AND PROVIDING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION I. That the Mayor is hereby authorized to execute Amendment No. 1 to the agreement between the City of Denton and the North Texas Fair Association for the payment and use of hotel tax revenue, under the terms and conditions contained in the agreement, a copy of which is attached hereto and made a part hereof. SECTION II. That the City Secretary is hereby directed to attach a copy of this ordinance to ordinance No. 90-029, and to inscribe upon the face thereof that this Amendment No. 1 was executed. SECTION III. That this ordinance shall become effective immed- iately upon its passage and approval. PASSED AND APPROVED this the day of , 1994. CASTLEBERRY, ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: , ! / P APPROVED AS TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY: ~04~ NO. 1 TO THE AGREEMENT BETWEEN THE CITY OF DENTON AND THE NORTH TEXAS FAIR ASSOCI FOR THE PAYMENT AND USE OF HOTEL TAX REVENUE WHEREAS, on February 20, 1990, the City Council approved an Agreement with the North Texas Fair Association for the payment and use of hotel tax revenue, the Agreement to terminate on December 31, 1994; and WHEREAS, as the City is in the process of reviewing all of its agreements for the payment and use of hotel tax revenue, the City wishes to extend the term of the contract through March 31, 1995 to provide sufficient time for review and incorporate into the agreement the newly enacted House Bill 1122; and WHEREAS, the North Texas Fair Association is agreeable to the extension; NOW, THEREFORE, the parties agree: Section I. That Article V. (Term and Termination) Section A. (Term) of the Agreement between the North Texas Fair Association and the City of Denton, approved by the City Council on February 20, 1990, the "Agreement", is hereby amended to read as follows: A. Term. The term of this Agreement shall commence January 1, 1990 and end on March 31, 1995. Section II. That Article III. D. of the Agreement is hereby amended as follows: D. Reports. Within thirty days after the end of every quarter, the Association shall furnish to the City (1) a performance report of the work performed under this Agreement, in the form determined by the City Manager describing the activities performed under this Agreement during that quarter, and (2) a list of the expenditures made with regard to hotel tax funds pursuant to the TEX. TAX CODE ANN. § 351.101(c) (Vernon 1994). The Associa- tion shall promptly respond to any request from the City Manager of the City for additional information relating to the activities performed under this Agreement. Section III. That in all other respects, the terms and con- ditions of the Agreement shall continue to be in full force and effect. EXECUTED on this the day of , 1994. CITY OF DENTON, TEXAS BY: ATTEST: JENNIFER WALTERS, CITY SECRETARY BY. zya AP 0VED AS TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY: NORTH TEXAS FAIR ASSOCIATION BY: Xj~l"4A~ ES RODEN, PRESIDENT ATTEST: BY: SECRETARY e:\wpdoce\k\ntfa.amd PAGE 2