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• <br /> EXHIBIT "B" <br /> Compensation: <br /> For the Association providing the services described in this Agreement, <br /> the City agrees to pay the Association the sum of Seventy Thousand <br /> Dollars ($70,000.00) annually, said payments to be divided equally and <br /> made during the first week of the first three months of the first three <br /> monthly period of each year, to wit, January 7th, February 7th and March <br /> 7th. Before such payment is made, the Association shall provide a report <br /> under oath to the City Budget Director outlining the services provided by <br /> it pursuant to this Agreement during the period preceding the initial <br /> January billing and anticipated work plan for the next thirty day period. <br /> This sum shall be increased annually, beginning January 1, 2002, by the <br /> percentage of change in the Hotel/Motel tax revenue from the base year <br /> 2000 to the year ending immediately preceding the adjustment. <br /> SALTY SEA DAYS ASSOCIATION AGREEMENT 8 <br />