HomeMy WebLinkAboutResolution 95-049 02/21/1995 Resolution No. s5-4s N.C.S.
of the' City of Petaluma, C~~liforni~~
1 RESOLUTION SETTING THE PRELIMINARY ALLOCATION OF
2 TRANSIENT OCCUPANCY TAX FUND5 FOR FY 95-96
3
4
5 WHEREAS, the City Council adopted resolution #93-294 N.C.S. which requires the
6 setting of the next fiscal year allocation of Transient Occupancy Tax (TOT) funds to the Petaluma
7 Visitors Program (PVP), and
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9 WIIEREAS, the City Council has reviewed the TOT fund revenues and expenditures
10 ofFY 94-95, and
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12 WHEREAS, the projected FY 94-95 fund balance and the estimated FY 95-96 TOT
13 revenues will provide a preliminary estimate of $552,500 in TOT funds available for allocation in FY
14 95-96, and
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16 WHEREAS, the City Council has adopted resolution #94-281 N.C.S. which sets the
17 policy for allocation of TOT funds for advertising and promotion.
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19 NOW, THEREFORE BE IT RESOLVED that the allocation ofFY 95-96 TOT funds
20 to the Petaluma Visitors Program is determined to be $170,000.
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22 BE IT FURTHER RESOLVED that the above allocation will be included in the FY
23 AS-96 budget process and the final allocations, with formal appropriation of funds, adopted by the
24 budget resolution and appropriation ordinance.
Under the power and authority conferred upon this Council by the Charter of said City.
REFEKENCE: I hereby certffy the .foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) (~dYkC7C39~ meeting ~ form
on the .21st day of ............F.OtI[:1.18Lg..................--.----.-, 19.95... by the
following vote: '
t Attor y
AYES: Shea, Maguire, Barlas, Stompe, Hamilton, Vice Mayor Read, Mayor Hilligoss
NOES: None
ABSENT: None ~ I
ATTEST : ....../...........C.~!/~................. ..V.'LL.~_~~~~.:.....:......X._
City~Clerk Mayor
Cb~mcil File..._... qq
CA ID~85 Res Ru _,l9..5-4Y_.._ Y_C.S.