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AGREEMENT BETWEEN CITY OF PARIS AND <br />LAMAR COUNTY CHAMBER OF COMMERCE <br />MANAGEMENT OF HOTEL OCCUPANCY TAX FUND <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />) <br />) <br />) <br />KNOW ALL MEN BY THESE PRESENTS: <br />WHEREAS, Chapter 351 of the Texas Tax Code authorizes municipalities to impose <br />taxes upon occupants who use or possess a hotel room in the City of Paris, Texas as provided in <br />said Chapter 3 51; and, <br />WHEREAS, in accordance with Chapter 351 of the Texas T� Code and Article III of <br />Chapter 30 of the City Code of Ordinances, the City levies a seven percent (7%) occupancy tax <br />on hotel and motel rooms rented in the City of Paris, Texas; and <br />WHEREAS, pursuant to said Chapter 351 and Article III, Chapter 30 of the Code of <br />Ordinances of the City of Paris, Texas the City desires to contract with the Chamber of <br />Commerce of Lamar County, Inc., to maintain a Visitors and Convention Council for the <br />purpose of managing the municipal hotel occupancy tax fund as set out in this agreement. <br />WITNESSETH: <br />For and in consideration of these premises, the CITY OF PARIS, TEXAS, a home rule <br />municipal corporation, P.O. Box 9037, Paris, Texas 75461 (hereinafter "CITY") and the <br />CHAMBER OF COMMERCE OF LAMAR COLJNTY, INC., a non-profit corporation, with <br />offices located at 8 West Plaza, Paris, Texas 75460 (hereinafter "CHAMBER") in consideration <br />of the mutual covenants, agreements, stipulations, and payments, do hereby contract and agree as <br />follows: <br />1. That CHAMBER agrees to maintain a Visitors and Convention Council for the <br />purpose of managing the Municipal Hotel Occupancy Tax Fund to promote tourism and the <br />convention and hotel industry in the City of Paris, and for the purpose of operating the Love <br />Civic Center. <br />2. That CHAMBER shall submit for approval to the City Council of the City of Paris on <br />or before July 1 St each year a proposed annual program of work and budget for the Visitors and <br />Convention Council which shall include dedicating three-sevenths (3/7) of the total hotel/motel <br />tax revenue received by CHAMBER to a convention capital fund to be used for improving, <br />enlarging, equipping, repairing, operating, or maintaining the Love Civic Center Facilities. Any <br />proposed amendment to said program of work shall be submitted to the City Council for <br />approval a minimum of thiriy (30) days before the proposed effective date of such amendment. <br />-�- <br />.� 53 <br />