HomeMy WebLinkAboutResolution 96-068 N.C.S. 03/04/1996 RESOLUTION NO. 96-fib N.C.S.
of the City of Petaluma, California
RESOLUTION SETTING THE PRELIMINARY ALLOCATION OF
TRANSIENT OCCUPANCY TAX FUNDS TO
PETALUMA VISITORS PROGRAM FOR FY 96-97
WHEREAS, the City Council adopted Resolution 93-294 NCS which required
the setting of the next fiscal year allocation. of Transient Occupancy Tax (TOT) funds
to the Petaluma Visitors Program (PVP); and
WHEREAS, the City Council has reviewed the TOT fund revenues and
expenditures of FY 95-96; and
WHEREAS, the projected FY 95-96 fund balance and the estimated FY 96-97
TOT revenues will provide a preliminary estimate of $539,500 in TOT funds available
for allocation in FY 96-97; and
WHEREAS, the City Council has adopted Resolution 94-291 NCS which sets
the policy for allocation of TOT funds for advertising and promotion.
NOW, THEREFORE, BE IT RESOLVED, that the allocation of FY 96-97
TOT funds to the Petaluma Visitors Program is determined to be $181,100.00
BE IT FURTHER RESOLVED, that the above allocation will be included in the
FY 96-97 budget process and the final allocations, with formal appropriation of Funds,
adopted by the budget resolution and appropriation ordinance.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) (l4~dWiNddQ7~58dtffi) meeting (,4
on the ....~Ittl daY of .............Mauch.........'..'..................., 19..9.fi., by the
following vote: _
City'Attorney
AYES: Hamilton, Stomps, Maguire, read, Vice Mayor Barlas, Mayor Hilligoss
NOES: None ~
ABSENT: hea/ ~f//~~_/ ,,/Jj~ ~ ~ -qqq
ATTEST: /..~~C~t?f~~......... r 'L........
City Clerk Y Mayor ~
0.wci1 Fils..__.~._.._._.
CA 10-e5 Res Na 96.-5.8....... N.CS.