Resort Tax Monitoring Committee

Agenda Resort Tax Monitoring Committee Remote Meeting – Via Webex Wednesday, February 17, 2021, 7:05 a.m. Meeting Information Meeting link: https://cityofwhitefish.webex.com/cityofwhitefish/j.php?MTID=ma4265de6c360d58 fda0720971aac7c79 Meeting number: 187 123 3385 Password: pN6a9nmhzr3 More ways to join: Join by video system Dial 1871233385@cityofwhitefish.webex.com You can also dial 173.243.2.68 and enter your meeting number. Join by phone+1-408-418-9388 United States Toll Access code: 187 123 3385 • Call to Order. • Review and approve minutes for January 13, 2021. • Review the monthly & quarterly financial report for December 2020. • Update on Streets/Parks Projects. • Discussion Item – Recap Resort Tax Renewal/City Council Work Session (Review of Council Meeting). January 19, 2021 Public Hearing • Resort Tax Renewal Communication and Education • City Projects - Priority Setting • Set next meeting date. (one of the agenda items for the March meeting will be Resort Tax project priority setting). Members Andy Feury Doug Reed Ken Stein Chris Schustrom Julia Olivares Trek Stephens Brian Averill A. Property tax reduction for taxpayers residing in the city in an amount equal to twenty five percent (25%) of the three percent (3%) resort tax revenues derived during the preceding fiscal year; B. Provision for the repair and improvement of existing streets, storm sewers, all underground utilities, sidewalks, curbs and gutters, in an amount equal to sixty five percent (65%) of the two percent (2%) resort tax revenues derived during the preceding fiscal year; C. Bicycle paths and other park capital improvements in an amount equal to five percent (5%) of the two percent (2%) resort tax revenues derived during the preceding fiscal year; D. Repayment of a loan or a bond to finance a portion of the costs of, or to otherwise pay for, the acquisition of the conservation easement or other interests, in and around Haskill Basin in order to protect and preserve water quality and quantity, including the source drinking water supply for the municipal water system of the city of Whitefish, in an amount equal to seventy percent (70%) of the one percent (1%) resort tax revenues to be received in a fiscal year, except that if such portion of resort tax revenues received in a fiscal year is more than is needed in that fiscal year for such loan or bond, the excess will be applied to additional property tax relief in the next fiscal year; E. Cost of administering the resort tax in an amount equal to five percent (5%) of the three percent (3%) resort tax per year.