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Resolution No. 1998-26 <br /> <br /> RE~OLUT~ON XNCRF~ING THE L~v~ OF THE ROOM OCCUP~,NCY <br /> ~ND TOURISH DEVELOPI,LF, NT TAX FROH THREE PERCENT (~%~ <br /> TO F~VE PERCENT (5%~ ~END PRE~CRXB~N~ THE ~ETHOD <br />OF D~STR~BUT~ON OF THE PROCEEDS WXTH~N C~.B~.US COUNTY <br /> <br /> WHEREAS, a public hearing was held on August 17, 1998, to <br /> consider increasing the levy of a room occupancy and tourism <br /> development tax for Cabarrus County from three percent (3%) to five <br /> percent (5%), and interested citizens presented their views to the <br /> Board of County Commissioners of Cabarrus County; and <br /> <br /> WHEREAS, the Board of County Commissioners caused public <br />notice of the public hearing to be given in accordance with law at <br />least ten (10) days prior to the date of the hearing; and <br /> <br /> WHEREAS, the Board of Commissioners of Cabarrus County is now <br />of the opinion and does hereby find and declare that increasing the <br />levy of the room occupancy and tourism development tax within <br />Cabarrus County, North Carolina, from three percent (3%) to five <br />percent (5%) is both desirable and necessary to adequately finance <br />the operation of the Cabarrus County Tourism Authority; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of' County <br />Commissioners of Cabarrus County as follows: <br /> <br /> Section 1. There is hereby imposed and levied within Cabarrus <br />County, North Carolina, a five percent (5%) room occupancy and <br />tourism development tax authorized by ratified Chapter 658 of the <br />1989 Session Laws (Regular Session, 1989), effective July 19, 1989. <br />The tax hereby imposed and levied shall apply to the same extent <br />and be subject to the same limitations as are set forth in said <br />ratified Chapter and Section 70-31 of the Code of Ordinances of <br />Cabarrus County be and the same is hereby amended consistent <br /> <br /> <br />