HomeMy WebLinkAbout127 - 09/19/1989 - AMENDING THE CITY CODE ALLOCATING THE LODGING TAX FOR SPECIFIC USES ORDINANCE NO. 127, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 25-244 OF THE CODE OF THE CITY
ALLOCATING THE LODGING TAX FOR SPECIFIC USES
WHEREAS, pursuant to Ordinance No. 32, 1987, the Council of the City
of Fort Collins provided that revenues received by the City from the
lodging tax be allocated 70% for the promotion of convention and visitor
activities; 20% for cultural development and programming activities; and
10% for maintenance, mitigation and improvement expenses; and
WHEREAS, the Council has now determined that revenues from the lodging
tax should be reallocated, with 75% of the tax being utilized for the
promotion of convention and visitor activities and 25% of the tax being
utilized for cultural development and programming activities; and
WHEREAS, the Council has further determined that said allocation
should be established as a part of the City Code under Section 25-244
thereof.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that Section 25-244 of the Code is hereby repealed and reenacted to
read as follows:
Sec. 25-244. Use of tax.
(a) The lodging tax shall be used by the city in accordance
with the allocation as set forth in subparagraph (b) hereof for
the purpose of acquiring facilities and promoting tourism,
conventions and other activities which utilize public
accommodations within the city.
(b) Seventy-five (75) percent of the revenue received by the
City from lodging tax shall be utilized for the promotion of
convention and visitor activities and twenty-five (25) percent of
the revenue from the lodging tax shall be utilized for cultural
development and programming activities.
Introduced, considered favorably on first reading, and ordered
published this 5th day of September, A.D. 1989, and to be presented for
final passage on the 19th day of September, A.D 1989
Mayor
ATTEST:
ST: nVP_
City Clerk
Passed and adopted on final reading this 19th day of September, A.D.
1989.
Mayor
ATTEST:
A ..
City Clerk