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HomeMy Public PortalAboutAB 08-122 LOT recommendations to CouncilMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date 216 East Park Street McCall, ID 83638 AB08-122 June 12, 2008 AGENDA ITEM INFORMATION SUBJECT: Local Option Tax Commission Recommendation for FY 09 Funds Approvals: Department/ Committee/Individual Initials Remarks (Originator/ Support) Mayor / Council City Manager Community Development Treasurer Clerk, Deputy City Clerk Originator Police Department Public Works Golf Operations COST IMPACT: N/A Parks & Recreation FUNDING SOURCE: Local Option Tax Airport Library TIMELINE: ASAP City Attorney Grant Coordinator SUMMARY STATEMENT: The Local Option Tax Commission funds for Fiscal Year 09. have the opportunity to ask applications. The Finance Department received 44 applications from 26 different organizations requesting LOT The LOT Commission met on May 20 and May 28 to hear presentations and to questions about the applications. The LOT Commission met June 3 to deliberate estimated LOT revenues for FY 09 to be $315,960.52. The LOT Commission values and decided to base their allocation of funds on a forecasted revenue 09 LOT applications, the amount of funding originally requested, as well as the Option Tax Commission is recommending Council allocate to each applicant. contingency funds be allocated to: — City parking lot seal coating Museum (#09-22) — Restoration of irrigation and lawns Tennis Association (#09-29) — McCall Tennis courts restoration discussed the estimated revenue amount of $300,000. Attached is a list of the FY amount of funds the Local The LOT Commission is recommending 1. City of McCall (#09-03) 2. Central Idaho Historical 3. McCall Community RECOMMENDED ACTION: Receive the recommended allocation of funds from the Local Option Tax. RECORD OF COUNCIL ACTION Meeting Date ACTION