Laserfiche WebLink
Meeting Date 7/21/03 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # '~'- I <br /> <br />SUBJECT: <br />Public Hearing to Consider an Increase in the Room Occupancy and Tourism <br />Development Tax from Five Percent to Six Percent and Consideration of the Adoption of <br />Resolution Increasing the Levy to Six Percent - 6:30 p.m. <br /> <br />BRIEF SUMMARY: <br />The FY 04 Tourism Authority budget, as approved by the Board of Commissioners, <br />includes revenue from a 6% room occupancy tax. The budget includes a $100,000 <br />appropriation for the Arena and Events Center and a $200,000 appropriation for a <br />convention center to be built in the future. A public hearing must be held prior to <br />establishing the rate of 6%. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />H~ld Public Hearing; Consider the adoption of the Resolution increasing the levy of the <br />room occupancy to six percent and prescribing the method of distribution of the proceeds <br />within Cabarrus County <br /> <br />Attachments <br /> <br />Submitted By: <br /> <br /> [~ Yes [--I No Expected Length of Presentation 5 minutes <br /> <br />John Day, Interim County Manager Date: 7/7/03 <br /> <br />Budget Amendment Required: [--[ Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />If the Board desires to pursue the convention center proposal from John Q. Hammons and <br />provide the revenue for the tourism authority as approved in the budget, then it will be <br />necessary to establish the occupancy tax at 6%. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br /> Other [] <br />Denied [] <br /> <br /> <br />