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<br />CITY shall pay over tax funds collected to CHAMBER within ten (10) days after the collection <br /> <br />thereof as provided in Section 30-40 of the Code of Ordinances of the City of Paris. <br />8. That money paid to CHAMBER as a result of this contract shall be used only for the <br />purposes enumerated in Section 30-38 of the Code of Ordinances of the City of Paris. <br />CHAMBER agrees to make periodic reports to the City Council at least quarterly, listing the <br />expenditures made with revenue from the Municipal Hotel Occupancy Tax Fund. <br />9. That CHAMBER will, at the same time of presentation of the above described <br />quarterly reports, provide a report of its activities with regard to the use of the funds herein <br />provided for in order that CITY may evaluate the results of the promotion and advertising <br />campaign so conducted. <br />10. That CHAMBER may secure and pay for, out of funds herein provided, the services <br />of individuals or corporations to promote tourism and the convention and hotel industry in the <br />City of Paris. <br />11. That the term of this contract shall be for a term of five (5) years beginning October <br />1, 1995, and ending September 30, 2000. Parties must inform each other during the month of <br />March, 2000, as to their intentions to renegotiate an agreement for the administration of the <br />Visitors & Convention Council. <br />Executed on the dates shown in the acknowledgements below. <br />CITY OF PARIS, PARIS, TEXAS <br /> <br />By: <br /> <br />Eric S. Clifford, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br />