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<br />CONTRACT <br /> <br />STATE OF TEXAS <br /> <br />~ <br />~ <br />~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF LAHAR <br /> <br />That the CITY OF PARIS, PARIS, TEXAS, a municipal <br /> <br />corporation, acting by and through its Mayor, Eric S. Clifford, <br /> <br />duly authorized, hereinafter called CITY, the PARIS VISITORS AND <br /> <br />CONVENTION COMMITTEE, by its Chairman, E. A. Hernan, hereinafter <br /> <br />called V&CC, and the CHAMBER OF COMMERCE OF LAMAR COUNTY, INC., a <br /> <br />corporation, acting by and through its President, David Denney, <br /> <br />duly authorized, hereinafter called CHAMBER, hereby contract and <br /> <br />agree as follows: <br /> <br />1. The CITY shall deliver to CHAMBER in accordance with <br /> <br />state law, Hotel/Motel tax collected by CITY, so long as <br />Hotel/Motel tax is collected by CITY and is permitted to be <br /> <br />collected by state law. <br /> <br />2. CHAMBER agrees to receive Hotel/Motel tax and place the <br /> <br />same in an account controlled by V&CC. <br /> <br />3. V&CC agrees to use tax funds in accordance wi th state <br /> <br />law, contract between CITY and CHAMBER DATED April 13, 1987, and <br /> <br />this agreement. <br /> <br />4. V&CC agrees to dedicate 42.85/0 of the Hotel/Motel tax <br /> <br />to the civic center construction project and upon its completion <br /> <br />to rebate this amount back to the CITY for the operatIon of the <br /> <br />civic center. <br /> <br />-1- <br />EXHIBIT A <br />