Resort Tax_June 1970 to November 1976RESORT TAX
Mayor to take Decree of dismissal
by Judge Herin to NY re signing $12
million issue on 6-4-70.
Re: requested revisions redistribution
of resort tax monies, Council heard MBTDA
and asked City Mgr. to meet with TDA and
form instruments to be considered on 3/15
12
Meeting date
6-3-70
RES. No. 13809 adopted, authorizing execution
of stipulation accepting the sum of $30,823
in full settlement of City's claim for past
due resort taxes and waste collection fees.
Sovereign Hotel.
Authorize employment of Reynolds Securities,
3/1/72
11/1/72
RESORT TAX 13
(cont'd) Date
Inc., as fiscal agent and Mr. John Trimble
as legal counsel to proceed with preparation
of resolution to issue $10 MILLION RESORT TAX
BOND ISSUE ($5 Million to be sold in 1975 and
$5 Million to be sold in 1976).
Councilman Spaet's motion for a public hearing
failed of passage. Res. #75-14659 adopted. 3/12/75
Discussion on splitting Resort Tax on a 50% 9/3/75
basis with the TDA, on a permanent basis. Not
reached. Deferred to 9/17/75.
Request of TDA for change in Resort Tax dis- 4/28/76
tribution formula, to a permanent 50-50 basis.
City Atty. directed to prepare appropriate
RESORT TAX 14
(continued) Date
ord. to amend Code to provide for change in
Resort Tax distribution formula to a permanent
50-50 basis, for Council's consideration. Coun-
cil requested a written opinion from both City's
Bond Counsel and Financial Consultant, as to
whether this change would have any adverse ef-
fect on existing Excise Tax Bond issues, City
annual financing, and future bond issues. Coun-
cilman Meyerson reiterated past suggestion that
consideration be given to centralizing all tour-
ist -related events under one coordinator. 4/28/76
Mr. Moe Hyman to discuss Resort Tax & TDA. 11/24/76
To be scheduled for Dec. 8, 1976.