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Dear Honorable County Commissioners, <br />Herewithin, is a Letter of Intent outlining a proposed new structure to manage and <br />operate tourism funds for Cabarrus County. <br />LETTER OF INTENT: <br />On behalf of the Cabarrus County Tourism Authority Board of Directors, I would like to <br />convey our recent wishes to incorporate and then contract with the Cabairus County <br />Convention & Visitors Bureau, a 501 (c) 6, not for profit, business league. Also, it is our <br />sincere hope that the honorable Board of Commissioners examine documents attached to <br />this Letter of Intent and ratify the Resolution Confirming the Creation of the Cabarrus <br />County Tourism Authority and Agreement to Provide Financial Services. <br />Our vision is to have the Cabarrus County Finance Department collect the hotel <br />occupancy tax and then remit the tax collections to the Convention and Visitors Bureau <br />(CVB). The newly formed corporation (CVB) will be responsible for the day-to-day <br />management, fiscal responsibilities and assets of the Tourism Authority. <br />This new structure will allow Cabarrus County and the Tourism Authority to operate in <br />the future with autonomy, yet a combined mission to optimize occupancy tax revenue and <br />marketing opportunities for the benefit of Cabarrus County citizens. <br />Attached is a detailed list summarizing the structural changes identified by staff <br />Sincerely, <br />Frank Lapsley <br />Chairman <br />Cabarrus County Tourism Authority <br />F12 <br />