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Planning and Building Department, Economic Development Division, recommending the Board receive a presentation from Steve Teshara, CEO of Lake Tahoe South Shore Chamber of Commerce giving an overview of activities completed in Fiscal Year 2019-20, pursuant to the existing Funding Agreement that has a term from July 1, 2019 through June 30, 2021.
FUNDING: N/A
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DISCUSSION / BACKGROUND
Historically, Policy 10.1.6.4 of the Economic Development Element of the County's General Plan specified that, "The majority of transient occupancy tax (TOT) generated revenue shall be directed toward the promotion of tourism, entertainment, business, and leisure travel in El Dorado County."
Based on a recommendation from the FY 2019-20 Budget Ad Hoc Committee to remove General Plan Section 10.1.6.4, on December 10, 2019 (Legistar Item #19-1755), the Board approved a General Plan Amendment to remove General Plan Section 10.1.6.4.
Also on December 10, 2019 (Legistar Item #19-1818), the Board approved a new Budget Policy (Policy B-16, Section II, No. 13), stating the following:
“Transient Occupancy Tax revenue shall be directed toward the impact of tourism and economic development, with consideration for support of tourism and promotion activities within the County and for continued support for grant fund allocations to support Veteran programs within the County.”
It should be noted that the County's recent practice, combined with General Plan Section 10.1.6.4, has been to direct at least 51% of TOT revenue to the Economic Development budget.
To accomplish the goals of the Policy, the County has entered into agreements with various organizations over the years that act on the County's behalf to promote tourism, entertainment, business, and leisure travel.
Effective June 10, 2019, the County entered into an agreement (Funding Agreement 3973) with the Lake Tahoe South Shore Chamber of Commerce to conduct the following during the period of July 2019 through June 3...
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