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1994-118E:\NPDOCS\ORD\CHAMBER.AMD ORDINANCE NO. AN ORDINANCE AUTHORIZING THE MAYOR TO EXECUTE AMENDMENT NO. 1 TO THE AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER OF COMMERCE 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 Denton Chamber of Commerce 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 attach a copy of this ordinance inscribe upon the face thereof executed. Secretary is hereby directed to to ordinance No. 90-041 and to that this Amendment No. 1 was SECTION III. That this ordinance shall become effective immed- iately upon its passage and approval. PASSED AND APPROVED this the day of , 1994. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY?OVED AP 7AS TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY: AMENDMENT NO. 1 TO THE AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER OF COMMERCE FOR THE PAYMENT AND USE OF HOTEL TAX REVENUE WHEREAS, on March 20, 1990, the City Council approved an Agreement with the Denton Chamber of Commerce for the payment and use of hotel tax revenue, the Agreement to terminate on September 30, 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 Chamber of commerce is agreeable to the exten- sion; NOW, THEREFORE, the parties agree: Section I. That Article V. (Term and Termination) Section A. (Term) of the Agreement between the Chamber of Commerce and the City of Denton, approved by the City Council on March 20, 1990, the "Agreement", is hereby amended to read as follows: A. Term. The term of this Agreement shall commence April 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: APP OVED AS TO LEGAL FORM: DEBRA A. DRAYOVITCH, CITY ATTORNEY BY: DENTON CHAMBER OF COMMERCE BY: ATTEST: BY: SECRETARY e:\wpdocB\k\chambr2.amd CHUCK CARPEN ER, PRESIDENT PAGE 2