Explanation
Hotel/Motel excise tax proceeds are disbursed in accordance with Section 371.02(c) of Columbus City Codes, 1959, which in part designates a portion of funds for the purpose of fostering arts and cultural services that enrich the community from funds generated by the hotel/motel excise taxes. In 2015, that portion is projected to be $6,033,000. Ninety-seven percent of this projection, or $5,852,000, will be provided to the Greater Columbus Arts Council (GCAC) to administer a variety of art and cultural programs and grants, pursuant to this objective. The balance of projected receipts will be reserved by the city for cultural arts programs and services contracted by the city Recreation and Parks Department.
Emergency action is requested since the start of this contract was January 1, 2015.
Contract Compliance #:31-0833384 (non- profit)
FISCAL IMPACT: Funding for this contract will come from receipts into the hotel/motel tax fund in accordance with Section 371.02 of the Columbus City Codes. Allocated dollars represent 97% of hotel/motel tax funds set aside for cultural services for the enrichment of the community.
Title
To authorize the Department of Finance and Management to contract with the Greater Columbus Arts Council, Inc. for the purpose of fostering and sustaining arts and cultural services that enrich the Columbus community; to authorize the expenditure of 97% of 1.68% (presently estimated at $5,852,000.00) of the combined rates of 5.1% of the Hotel/Motel Excise Tax; and to declare an emergency. ($5,852,000.00)
Body
WHEREAS, Section 371.02(c) of the Columbus City Codes, 1959, specifies that 1.68% of the combined rates of 5.1% of the revenues of the hotel/motel excise tax are to be used for expanding cultural services for the enrichment of the community; and
WHEREAS, the aforementioned rates were established pursuant to Ord. 0484-2014; and
WHEREAS, this mission is best achieved by using said funds to support a broad ar...
Click here for full text