Laserfiche WebLink
Town of Vail - Town Council - Town Council Highlights - Archive - June 12, 2001 Pagel of 8 <br />own Louncii Migring <br />June 12, 2001 <br />Contact: Suzanne Silverthorn, 479 -2115 <br />Community Information Officer <br />[ Evening Session Briefs ] [ Upcoming Topics ] <br />Work Session Briefs <br />Council Members Present: Donovan, Foley, Kurz, Ogilby, Silfer <br />- -Vail Local Marketing District Quarterly Meeting <br />Sitting as the Vail Local Marketing District Board, the Council voted 5 -0 t <br />loan the Marketing District $350,000 in town funding at the end of 2001 <br />with the understanding the loan will be repaid if and when the funds are <br />available. The loan provides working capital for shoulder season <br />marketing and is needed due to the lag time in collecting the 1.4 percent <br />lodging tax, which generated $1.5 million in its first year. Councilmembe <br />reviewed and rejected another option to reduce the 2002 marketing <br />budget by $350,000 in a one -time cut to resolve the shortfall, noting the <br />need to build, rather than cut, the program in its initial years. In other <br />business, Finance Director Steve Thompson noted that board insurance <br />and the cost of an audit would be added to the 2002 marketing budget. <br />Also during the meeting, Councilmember Diana Donovan expressed <br />interest in revisiting the board's management contract with the Vail Valle <br />Tourism and Convention Bureau at the next quarterly meeting. For more <br />information, contact Steve Thompson at 479 -2116. <br />-- Designation of Staggered Terms for the Newly- Appointed Vail Loc <br />Housing Authority Members <br />As a follow -up to last week's appointment of the Vail Local Housing <br />http: / /www.ci.vail.co.us /town council /highlights /archive /2001 /010612.htm 01/30/2002 <br />