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HomeMy WebLinkAbout1995-051-04/18/1995-CULTURAL DEVELOPMENT FORT FUND GUIDELINES LODGING TAX PROGRAMMING ACCOUNT RESOLUTION 95-51 OF THE COUNCIL OF THE CITY OF FORT COLLINS AMENDING THE GUIDELINES FOR THE CULTURAL DEVELOPMENT AND PROGRAMMING ACCOUNT (FORT FUND) WHEREAS, pursuant to Article W of Chapter 25 of the City Code, the City imposes a lodging tax on the furnishing of any lodging accommodation in the City; and WHEREAS,pursuant to Section 25-244 of the City Code, twenty-five percent (25%) of the revenue received from the lodging tax is to be utilized for cultural development and programming activities; and WHEREAS, the City utilizes revenue from the lodging tax for cultural development and programming activities through the "Fort Fund" program; and WHEREAS, the City Council has approved guidelines for the Fort Fund program (the "Guidelines") which are on file with the City Clerk; and WHEREAS, the Guidelines define the types of events which are not eligible for Fort Fund funding; and WHEREAS, the City's Cultural Resources Board, at their meeting of March 22, 1995, voted to recommend that the Council amend the Guidelines to prohibit funding for any event in which the net proceeds or profit from the event is donated by the sponsor to another organization and/or individual; and WHEREAS,the Cultural Resources Board is recommending this change because they do not believe it is appropriate to use Fort Fund funding to generate monies that may be passed on to organizations that do not use the funds for cultural development and programming activities. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Guidelines for the Cultural Development and Programming Account(Fort Fund) are hereby amended by the addition of the following sentence after the last item in the Overview Section, under the phrase "The following will not be considered for funding:" "Any event in which the event sponsor donates, or intends to donate, the net proceeds or profit from the event to another organization and/or individual." Passed and adopted at a regular meeting of the Council of the Cit of Fort Collins It 18th day of April, A.D., 1995. M-W®r ATTEST: ity Clerk