BY COUNCILOR HOGG:RESOLUTION DISTRIBUTING THE ESTIMATED 2002 TOURISM TAXES OF HOTEL - MOTEL AND FOOD AND BEVERAGE.
RESOLVED, that the 2002 tourism taxes of hotel-motel and food and beverage,
as estimated, be distributed in the following manner:
|3% hotel-motel||1% hotel-motel||1.5% food & beverage||Additional 2.5% hotel-motel||TOTAL|
|Duluth public arts commission||20,000||10,000||30,000|
|Convention and Visitors Bureau||394,000||112,300||430,900||152,200||1,108,400|
|Heritage and Arts Center||89,900||49,600||8,000||147,500|
|Transfer to general fund||59,300||173,800||420,700||142,000||795,800|
|Transfer to debt service||19,000||334,200||365,600||718,800|
|DECC debt service||694,000||182,800||876,800|
This is a replacement resolution re-allocating $19,000 from DCVB to transfer to Debt Service as per the prior pledge of the DCVB and the city to financially assist Lake Superior Center as necessary.