Share to Facebook Share to Twitter Bookmark and Share
File #: 21-0800    Version: 1
Type: Agenda Item Status: Approved
File created: 5/5/2021 In control: Board of Supervisors
On agenda: 6/29/2021 Final action: 6/29/2021
Title: Planning and Building Department, Economic Development Division, recommending the Board approve and authorize the Chair to sign the following two-year Funding Agreements for the issuance of Transient Occupancy Tax funding to promote tourism, entertainment, business, and leisure travel in the County, for a total two-year commitment of $1,221,880: 1) Agreement 5734 with the El Dorado Hills Chamber of Commerce, with a not-to exceed amount of $220,640; 2) Agreement 5736 with the El Dorado County Chamber of Commerce - Film Commission, with a not-to-exceed amount of $301,500; 3) Agreement 5740 with the El Dorado County Chamber of Commerce - Visitors Authority, with a not-to-exceed amount of $481,840; 4) Agreement 5738 with the Lake Tahoe South Shore Chamber of Commerce, with a not-to-exceed amount of $157,900; and 5) Agreement 5739 with the Tahoe Prosperity Center, with a not-to-exceed amount of $60,000. FUNDING: Transient Occupancy Tax (General Fund)
Attachments: 1. A - Approved Contract Routing Sheet - EDH Chamber of Commerce, 2. B - Funding Agreement 5734 - EDH Chamber of Commerce, 3. C - Approved Contract Routing Sheet - EDC Film Commission, 4. D - Funding Agreement 5736 - EDC Film Commission, 5. E - Approved Contract Routing Sheet - EDC Visitor's Authority, 6. F - Funding Agreement 5740 - EDC Visitor's Authority, 7. G - Approved Contract Routing Sheet - Lake Tahoe South Shore Chamber of Commerce, 8. H - Funding Agreement 5738 - Lake Tahoe South Shore Chamber of Commerce, 9. I - Approved Contract Routing Sheet - Tahoe Prosperity Center, 10. J - Funding Agreement 5739 - Tahoe Prosperity Center, 11. Executed Agreement 5734, 12. Executed Agreement 5736, 13. Executed Agreement 5739, 14. Executed Agreement 5738, 15. Executed Agreement 5740
Related files: 21-0349
Title
Planning and Building Department, Economic Development Division, recommending the Board approve and authorize the Chair to sign the following two-year Funding Agreements for the issuance of Transient Occupancy Tax funding to promote tourism, entertainment, business, and leisure travel in the County, for a total two-year commitment of $1,221,880:
1) Agreement 5734 with the El Dorado Hills Chamber of Commerce, with a not-to exceed amount of $220,640;
2) Agreement 5736 with the El Dorado County Chamber of Commerce - Film Commission, with a not-to-exceed amount of $301,500;
3) Agreement 5740 with the El Dorado County Chamber of Commerce - Visitors Authority, with a not-to-exceed amount of $481,840;
4) Agreement 5738 with the Lake Tahoe South Shore Chamber of Commerce, with a not-to-exceed amount of $157,900; and
5) Agreement 5739 with the Tahoe Prosperity Center, with a not-to-exceed amount of $60,000.

FUNDING: Transient Occupancy Tax (General Fund)
Body
DISCUSSION / BACKGROUND
The Transient Occupancy Tax (TOT), or Hotel/Motel Occupancy Tax, is a tax imposed on the daily rental price of a room in a lodging facility, including vacation home rentals, when used by visitors staying in the unincorporated portions of El Dorado County for a period of 30 days or less. Neither the tax code nor El Dorado County Ordinances require any specific use of TOT funds; however, at least 51% of TOT funds have been directed to the Planning and Building Department, Economic Development Division (Economic Development), to offset operational expenses as well as other various tourism related expenses, including funding agreements to promote tourism and economic development.

On December 10, 2019 (File No. 19-1818, Item No. 45), the Board approved a new Budget Policy (B-16). Policy B-16, Section II, Item No. 13, states that “Transient Occupancy Tax revenue shall be directed toward the impact of tourism and economic development, with consideration for support of tourism and promo...

Click here for full text