Resort Tax Monitoring Committee

Agenda Resort Tax Monitoring Committee City Council Conference Room 2nd Floor City Hall Wednesday, June 23, 2021, 7:05 a.m. In Person meeting with optional - Webex connection Meeting Information https://cityofwhitefish.webex.com/cityofwhitefish/j.php?MTID=m3def762fd7cadb6 cb42192589d7039b6 Meeting number:146 864 3459 Password:wwQ9wkupj89 Join by video system Dial 1468643459@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: 146 864 3459 Call to Order. • Review and approve minutes for May 19, 2021. • Nomination and election of chair, vice-chair and secretary • Review the monthly report for April 2021. • Update on Streets/Parks Projects. o Edgewood Bid Information • Resort Tax Renewal Communication and Education o Chris Schustrom’s Letter • Next Steps in Renewal Process • Set next meeting date. Members Andy Feury Doug Reed Brian Averill Ken Stein Chris Schustrom Julia Olivares Trek Stephens 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.