AG 2003 09 15 - Laserfiche WebLink

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· · · · · by the operati~ Level II option collecti by the operati( Under ~ to be g hotel/c, that the The de comple' payme~ percent; inform, authoril Hotel/c~ otherwi Commi. All hot~ directly attribute ~roject, less County collection fees, for a period not to exceed five full years of grants are equivalent to a maximum of 90% of the revenues received from the local cent and three local option ½ cent sales taxes generated by the project, less State .n fees, plus up to 90% of the revenues from the 6% local occupfirtcy tax generated >roject, less County collection fees, for a period not to exceed five full years of n. o circumstances will the incentive grant payments be tied to the local property taxes ~nerated by the project and all property taxes to be paid by the new or expanding nference center dovelopment must be paid in full and kept current during the period H/CCDI incentive grant remains in effect ~eloper (grant recipient) shall provide the County and the Tourism Authority e and accurate room occupancy tax, retail sales tax and local option sales tax information, as well as monthly average daily rate and monthly average occupancy ge. The County and Tourism Authority shall secure the confidentiality of that :~on in recognition of the proprietary nature of the data within the parameters ed under state law. ~nference center development incentive grant benefits may not be transferred or e conveyed to another party without the specific consent of the Board of .sioners and other contracting agencies. 1/conference center development i,ncentive grant benefits are designed to be linked to local room tax and local option sales tax revenues received by the County ble directly to the development of a specific project. Failure of the project to