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HomeMy WebLinkAbout11-18RESOLUTION NO. //- /� A /- A RESOLUTION of the City of Port Angeles, Washington, adopting policies to ensure a balanced approach to funding promotions, events, operations and capital investments from the City's Lodging Tax Fund. WHEREAS, on July 18, 2018, City Council conducted a work session to discuss lodging tax fund distributions, reserves for capital projects, and event grant awards; and WHEREAS, City Council agreed that no less than 25% of annual lodging tax expenditures should be dedicated to tourism -related capital projects, and in addition, no less than 5% dedicated to capital reserves; and WHEREAS, it was agreed that in allocating lodging tax funds for event grants, priority should be given to events held between mid-October and mid-May; and WHEREAS, the City should include in event grants sufficient funds for City right-of-way permits, traffic control, and utility expenses associated with events receiving awards; and WHEREAS, the City should ensure efficient and timely execution of tourism -related contracts; and WHEREAS, the policies adopted in this Resolution enable the City to achieve a balanced and sustainable approach to promoting our local tourism economy. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PORT ANGELES DO HEREBY ORDAIN as follows: -1- Section 1 - Policies. The City Council approves and adopts the following policies regarding the application and budgeting of lodging tax funds. Guided Policy: The allocation and administration of lodging tax funds shall be the following: 1. Allocate no less than 25% of annual lodging tax receipts to capital projects, and in addition, no less than 5% to capital reserves. If in any year, the amount of lodging tax fund distributed to capital projects is less than the 25%, the difference shall be set aside for capital projects through reserves. 2. In determining the recipients and amounts of event grants, priority shall be given to events held Mid -October through Mid -May. The Lodging Tax Committee is expected to consider this timeframe relative to the percentage of grants awarded and dollars received. 3. For events receiving grants of lodging tax funds, in addition to the funds awarded to support the event, additional funds shall be allocated for City right-of-way, traffic control, and utility expenses in conjunction with events receiving awards. 4. To expedite the efficient and timely execution of lodging tax allocations, the City Manager is hereby authorized, and the right is hereby delegated to the City Manager, to execute contracts and agreements. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council held on the day of t r �`,u_ , 2018. ATT ST: Kari Martinez -Bailey, Ci r APPR D AS TO,FtRM O --- Williarri E. Bloor, City Attorney IN Sissi Bruch, Mayor