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RESOLUTION 1996-83
A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE
TOWN OF FOUNTAIN HILLS,STATE OF ARIZONA RELATING TO
UTILIZATION OF BED TAX REVENUES,AND DESIGNATING TOWN
FUNDS TO BEUSED TO PROMOTE RETAIL TRADE,TOURISM,THE
HOSPITALITY INDUSTRY,AND PARKS DEVELOPMENT.
WHEREAS,MayorandCouncilrecentlyadoptedalocalbedtax,andnowdesiretostate
how these monies shall be used;and
WHEREAS,itisappropriatetodesignate,notonlybedtaxfunds,butotherGeneralFund
monies to aggressively promoteretailtrade,tourismandthedevelopmentofthe hospitality
industryin Fountain Hills;
NOW THEREFORE BEIT RESOLVED,thatbeginninginfiscalyear 1996-97,and
eachensuingfiscalyear,thefirst$50,000receivedannuallyfromthenewlyimposedTownof
FountainHillsbedtaxwillbeusedtopromoteretailtrade,tourismandthedevelopmentofthe
hospitality industry within Fountain Hills;and
BEIT FURTHER RESOLVED,thatthesefundswillbeadministeredbytheMayors
Council for Economic Development;and
BE IT FINALLY RESOLVED,thatanybedtax revenues received inexcessof $50,000
annually,willbe designated for Community Center construction andits operating expenses;and
thatafinalpriorityforusageofthesefundsbeforpark development andoperation.
PASSED AND ADOPTED this 21 stdayof November,1996 bytheMayorandCommon
Council of the Town of Fountain Hills,Arizona.
ATTEST:
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Jerry Mile^Mayor
APPROVED AS TO FORM:
William E.Farrell,Town Attorney
\y$Allyj^_
Cassie B.Hansen,Town Clerk
REVIEWED BY:
PaulL./Nordin,Town Manager