HomeMy Public PortalAboutAB 17-122 Chamber Request for LOT Funding timelineMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-122
Meeting Date June 29, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Request to Reprioritize When the Chamber may Receive FY2017 Local Option Tax Funds
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
N/A
Parks and Recreation
FUNDING SOURCE:
N/A
Airport
Library
TIMELINE:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The Chamber President Jay Masterson approached City staff with a request to receive their Local Option Tax (LOT) funds for the ITC Grant Match of $25,000 sooner than it is scheduled.
Historically the Chamber has received their LOT funds earlier in the year as they were higher on the priority list. By receiving their funds later in the year has created a cash flow
issue for the Chamber. Currently they are scheduled as number 9 of 22 projects and are requesting that they move up to the number 6 position. To date five projects have been funded
at $184,150 and at the current trend of funds received, the Chamber would receive this funding in late August or early September. If they were to be moved up to the number 6 position
they could receive their funding by late June or early July. The three projects scheduled ahead of the ITC Grant Match are The Golf Course Fairway mower ($38,000), the Library Intern
($1,500), and TVT grant match for bus routes ($50,000). Considering the current trend for the Tourism LOT receipt it is expected that sufficient funding will be available for all FY17
Priority projects and contingency projects.
Attached is the FY17 LOT Funding Summary.
RECOMMENDED ACTION:
Approve the Chamber’s request to be funded next on the FY17 LOT funding priority list and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION