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Type:
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Resolution
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Status:
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Passed
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File created:
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11/28/2016
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In control:
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Finance
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On agenda:
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12/5/2016
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Final action:
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12/5/2016
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Title:
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RESOLUTION DISTRIBUTING THE ESTIMATED 2017 HOTEL-MOTEL AND FOOD AND BEVERAGE TOURISM TAXES.
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Attachments:
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1. Exhibit A
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Title RESOLUTION DISTRIBUTING THE ESTIMATED 2017 HOTEL-MOTEL AND FOOD AND BEVERAGE TOURISM TAXES. Body CITY PROPOSAL: RESOLVED, that the 2017 hotel-motel and food and beverage tourism taxes, as estimated, be distributed in the following manner: Total Promotional & Capital Support Operational Support & Debt Service 3% Hotel/Motel Tax: $2,830,600 $1,082,700 $1,747,900 1% Hotel/Motel Tax: $943,500 $943,500 1% Food & Beverage: $2,537,900 $2,537,900 Additional 2% Hotel/Motel: $1,754,200 $558,500 $1,195,700 Additional .75% Food & Beverage: $1,903,400 $1,903,400 Additional .5% Food&Bev & .5% Hotel/Motel $1,707,500 $1,707,500 Total: $11,677,100 $5,122,600 $6,554,500 DECC- Amsoil Arena Debt Service $3,651,300 $3,651,300 Spirit Mountain Bond - Chalet $500,000 $500,000 Spirit Mountain Adventure Park Lease $145,700 $145,700 Visit Duluth $1,900,000 $1,900,000 Other Advertising and Publicity $85,500 $85,500 Tourism Events Support General Fund $895,000 $895,000 Tourist-Related Park Maintenance $200,000 $200,000 Lake Superior Zoo $510,000 $510,000 Great Lakes Aquarium $372,500 $372,500 Business Improve District $200,000 $200,000 Heritage & Arts Center/Depot $226,800 $226,800 Public Arts $40,000 $40,000 Sister Cities $40,000 $40,000 Lake Superior & Mississippi Railroad $20,000 $20,000 Rail Alliance $9,800 $9,800 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 $1,707,500 $1,707,500 Spirit Mountain Operations $200,000 $200,000 Mounted Patrol Support $30,000 $30,000 Fourth Fest Fireworks $50,000 $50,000 Minnesota Slip Bridge $500,000 $500,000 Capital Projects $50,000 $50,000 Undesignated Fund Balance $195,000 $195,000 Total $11,677,100 $5,122,600 $6,554,500 Statement of Purpose STATEMENT OF PURPOSE: This resolution distributes the 2017 estimated tourism taxes as requi... Click here for full text
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