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2 <br />• At the end of the third quarter (March 2009), the Town Manager and CVB Director will <br />review the status and results of this agreement and report to the Council . <br />RECOMMENDATION <br />I recommend that the Council take the following action: <br />• Authorize the manager to execute an agreement with the CVB that reflects the <br />recommendations above; <br />• Authorize the manager to present a budget amendment to the Council in September 2008 <br />reflecting the terms of the agreement; <br />• Authorize the manager to make any payments to the CVB before the budget amendment <br />is approved at the rate reflected on the agreement. <br />