Subject:
Title
Approval, Re: Tourist Development Council FY 2020-2021 Capital Facilities Grant recommendations.
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Fiscal Impact:
A total of $3,750,000 from the Capital Facilities Fund (1443) will be used to fund three projects.
Dept/Office:
Tourism Development Office
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve the Tourist Development Council's recommendation to approve funding for the following FY 2020-2021 Capital Facilities Grant applications: (1) Lori Wilson Park and Nature Center, (2) Veteran's Memorial Museum and (3) American Police Hall of Fame. In approving these grants, the Board makes the necessary legislative findings further described in the summary explanation and background below, grants authority for the Director, Tourism Development Office, to negotiate and sign all necessary grant agreements and related documents to support the grants, upon County Attorney Office and Risk Management approval. Further, the Board authorizes the County Manager to execute necessary budget change requests.
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Summary Explanation and Background:
Tourist Development Tax Revenues are restricted to only authorized uses, as defined by Florida Statute 125.0104, directed by Brevard County Code Chapter I 02, Article Ill - Local Option Tax Plan (Tourist Development Plan). In regards to Capital Facilities funding, the statute states authorized uses of these dollars are "... to acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate or promote one or more publicly owned and operated convention centers, sports stadiums, sports arenas, coliseums, or auditoriums within the county; and further including museums, zoological parks, aquariums, fishing piers or nature centers which are publicly owned and operated or owned and operated by not-for-profit organizations and open to the public within the County."
According to the Ordinance regarding the Tourist Development Tax, 14% (or $1,369,173 in bud...
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