|
|
Type:
|
Resolution
|
Status:
|
Passed
|
|
File created:
|
11/12/2015
|
In control:
|
Finance
|
|
On agenda:
|
11/23/2015
|
Final action:
|
11/23/2015
|
|
Enactment date:
|
|
Enactment #:
|
|
|
Title:
|
RESOLUTION DISTRIBUTING THE ESTIMATED 2016 HOTEL-MOTEL AND FOOD AND BEVERAGE TOURISM TAXES.
|
Title
RESOLUTION DISTRIBUTING THE ESTIMATED 2016 HOTEL-MOTEL AND FOOD AND BEVERAGE TOURISM TAXES.
Body
CITY PROPOSAL:
RESOLVED, that the 2016 hotel-motel and food and beverage tourism taxes, as estimated, be distributed in the following manner:
|
|
|
Promotional & |
Capital & Debt Service |
|
|
Total |
Operational Support |
|
|
3% Hotel/motel tax |
$ 2,512,200 |
$ 960,900 |
$ 1,551,300 |
|
1% Hotel/motel tax |
$ 837,400 |
$ 837,400 |
|
|
1% Food and beverage |
$ 2,470,900 |
$ 2,470,900 |
|
|
Additional 2% hotel/motel |
$ 1,561,700 |
$ 780,900 |
$ 780,800 |
|
Additional .75% food and beverage |
$ 1,853,200 |
|
$ 1,853,200 |
|
Additional .5% food/beverage and .5% hotel/motel |
$ 1,625,900 |
|
$ 1,625,900 |
|
Total |
$ 10,861,300 |
$ 5,050,100 |
$ 5,811,200 |
|
|
|
DECC- Amsoil Arena debt service |
$ 3,404,500 |
|
$ 3,404,500 |
|
Spirit Mountain bond - Chalet |
$ 500,000 |
|
$ 500,000 |
|
Spirit Mountain Adventure Park lease |
$ 145,700 |
|
$ 145,700 |
|
Visit Duluth |
$ 1,775,000 |
$ 1,775,000 |
|
|
Other advertising and publicity |
$ 200,000 |
$ 200,000 |
|
|
General fund tourism activities support |
$ 895,000 |
$ 895,000 |
|
|
General fund tourist-related park maintenance |
$ 200,000 |
$ 200,000 |
|
|
Lake Superior Zoo |
$ 510,000 |
$ 510,000 |
|
|
Great Lakes Aquarium |
$ 360,000 |
$ 360,000 |
|
|
Business improvement district |
$ 200,000 |
$ 200,000 |
|
|
Heritage & Arts Center/Depot |
$ 226,800 |
$ 226,800 |
|
|
Capital projects |
$ 135,100 |
|
$ 135,100 |
|
Public arts |
$ 40,000 |
$ 40,000 |
|
|
Sister cities |
$ 40,000 |
$ 40,000 |
|
|
Lake Superior & Mississippi Railroad |
$ 20,000 |
$ 20,000 |
|
|
Rail alliance |
$ 12,500 |
$ 12,500 |
|
|
DECC - Bayfront Park management |
$ 60,000 |
$ 60,000 |
|
|
DECC - Blue Bridge operations |
$ 38,000 |
$ 38,000 |
|
|
Glensheen matching funds |
$ 50,000 |
$ 50,000 |
|
|
St Louis River Corridor debt service |
$ 1,625,900 |
|
$ 1,625,900 |
|
Spirit Mountain operations |
$ 250,000 |
$ 250,000 |
|
|
Mounted patrol support |
$ 30,000 |
$ 30,000 |
|
|
Tourism-related grant fund |
$ 50,000 |
$ 50,000 |
|
|
Undesignated fund balance |
$ 92,800 |
$ 92,800 |
|
|
Total |
$ 10,861,300 |
$ 5,050,100 |
$ 5,811,200 |
Statement of Purpose
STATEMENT OF PURPOSE: This resolution distributes the 2016 estimated tourism taxes as required by Minnesota State Statutes, City ordinance, or City policy. 2016 revenue is projected to increase 4.02% over 2015 expected revenue.
Legislated and contractual tourism tax increases include the DECC-Amsoil Arena debt service, the St Louis River Corridor debt service, and Visit Duluth.
2016 tourism tax allocation increases include $50,000 to the Depot for a grant match, $33,600 for advertising and publicity, $15,800 for capital projects, and $297,100 to the general fund for enhanced park maintenance costs, mounted patrol costs, and other general fund tourism-related activities.
New allocations being proposed include $250,000 for Spirit Mountain operations and $50,000 for a tourism-related grant fund.
|