ITEM TITLE:
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Consider approving an agreement between the Lawton Heritage Association and the City of Lawton, subject to the Lawton Heritage Association also approving the agreement, to fund activities by the Association designed to encourage, promote and foster tourism and economic development in the City, and authorize the Mayor and City Clerk to execute the agreement.
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INITIATOR: Rebecca Johnson, Finance Director
STAFF INFORMATION SOURCE: Rebecca Johnson, Finance Director
BACKGROUND: The Lawton Heritage Association seeks to obtain funding from the Hotel/Motel Tax that would enable them to continue their efforts to encourage, promote and foster tourism and economic development. Funds requested would not exceed the amount of Twenty-Five Thousand and 00/100 Dollars ($25,000.00). The agreement includes a provision providing that the Association’s receipt of such funds shall be subject to the City’s collection of sufficient Hotel/Motel tax revenue to cover the City’s budgeted Hotel/Motel tax obligations.
EXHIBIT: Proposed agreement with attached budget; Resolution 24-182
KEY ISSUES: N/A
FUNDING SOURCE: Hotel/Motel Tax Funds
STAFF RECOMMENDED COUNCIL ACTION: Approve the agreement, subject to the Association also approving the agreement, and authorize the Mayor and City Clerk to execute the agreement.