Title
RESOLUTION AUTHORIZING AN AGREEMENT WITH SPIRIT MOUNTAIN RECREATION AREA AUTHORITY FOR 2026 OPERATING EXPENSES IN THE AMOUNT OF $400,000.00.
Body
CITY PROPOSAL:
WHEREAS; the city council approved $400,000 as an operating subsidy to the Spirit Mountain Recreation Area Authority in resolution 25-0805R passed on October 14, 2025 that appropriated the estimated 2026 hotel-motel and food and beverage tourism taxes.
RESOLVED, that the proper city officials are hereby authorized to enter into an agreement, substantially in the form attached as Exhibit A, with Spirit Mountain Recreation Area Authority in the amount of $400,000 for operating expenses, payable from 258-030-5436-07; (tourism tax fund, finance, tourism tax allocation, Spirit Mountain).
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes an agreement with Spirit Mountain for 2025 to provide $400,000 for operating expenses. This agreement is funded by tourism tax collections and may be reduced or terminated if insufficient proceeds are derived from hotel-motel and food and beverage tourism taxes.