1984-008 - Hotel ocupancy tax funds

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Councilman and the City Manager each year on or before August 1, which program of work shall include proposed expenditures of funds provided under this contract, and shall submit for approval to said committee any proposed amendment to said program of work a minimum of thirty (30) days before the proposed effective date of such amendment. 3. That the Chamber's established visitors and convention council shall meet at least quarterly and within thirty (30) days after the end of each quarter, shall submit minutes of the visitors and convention council meeting and a financial report to the City Manager of the City of Paris. 4. That Chamber shall be considered an independent contractor for the purpose of this contract and shall in no manner incur expenses or liability on behalf of City. 5. That Chamber agrees to hold City harmless from any and all claims by third parties for injuries, damages or liability that might occur as a result of actions by Chamber in connection with this contract. 6. That Chamber shall receive and deposit all funds provided herein in a separate banking account in such a manner as to preclude co- mingling of these funds with other funds of said Chamber. 7. That in order to provide funds necessary to carry out the promotion and advertising of the City of Paris, Chamber shall be paid from money collected by the City under Article III of Chapter 28, Code of Ordinances of the City of Paris, pursuant to the approved program of work. The City shall retain 5% of the quarterly collections under Article III of Chapter 28, Code of Ordinances of the City of Paris, to cover the costs of collection of said tax, provided, however, that the amount for collection of said tax may be changed by the City Council upon a showing that the actual cost of said collection is more than 5 %. City shall pay over tax funds collected to Chamber within ten (10) days after the collection thereof as provided in