Resort Tax Monitoring Committee

Agenda Resort Tax Monitoring Committee City Council Conference Room 2nd Floor City Hall Wednesday, October 27, 2021, 7:05 a.m. In Person with Webex Option Meeting link: https://cityofwhitefish.webex.com/cityofwhitefish/j.php?MTID=mc4ae0 d97f0b14e873a7d4f042d0ad6c9 Meeting number: 2494 353 0393 Password: QFnSzW5JA37 Host key: 857176 More ways to join: Join by video system Dial 24943530393@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: 2494 353 0393 Host PIN: 7493 Call to Order 1. Review and approve minutes for September 22, 2021. 2. Review the monthly reports for August 2021. 3. Update on Streets/Parks Projects. 4. Resort Tax Education Materials 5. Next Steps in Renewal Process 6. Resort Tax renewal election. What’s the word on the street? 7. 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.