Subject:
Title
Approval, Re: Tourist Development Council FY 2021-2022 Capital Facilities Grant recommendation for Lori Wilson Park.
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Fiscal Impact:
$1,000,000 from the Tourism Capital Facilities Fund 1443
Dept/Office:
Tourism Development Office
Requested Action:
Recommendation
Request the Board of County Commissioners approve the Tourist Development Council's recommendation to approve funding for the following FY 2021-2022 Capital Facilities Grant application. By approving this action, the Board is making the legislative finding that tourist development tax funds are authorized to finance the nature center facility improvements to the Lori Wilson Park and Nature Center pursuant to section 125.0104(5)(b), Florida Statues and section 102-119(3)(c) of the Brevard Code. Additionally, request authority for the Director, Tourism Development Office to negotiate and sign all necessary grant agreements, related documents to support the grants and authorize the County Manger 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 $2,100,000 in budgeted TDT revenues for FY 2021-2022) can be us...
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