HomeMy WebLinkAbout06.07.2004COUNCIL WORK SESSION
June 7, 2004
3:00 p.m.
Council Chambers
Members present: Mayor Hurley, Kincaid, Cole, Greenwood, Clark, Schmitt, Gunderson,
Welper.
Moved by Clark, seconded by Schmitt that the Agenda, as proposed, be approved. Ayes: Seven.
Motion carried.
Mary Swehla, President of the Waterloo Convention and Visitors Bureau, reviewed the
recommendation from the Convention and Visitors Bureau Board of Director on the FY 2004-
2005 Hotel/Motel grant. Each board member submitted a list of fund recommendations for each
grant applicant. Six grants were fully funded. Three requests will be funded from the
Convention and Visitors Bureau budget. The remaining applicants received a percentage of their
request amount. The Waterloo Jaycee requests for the Waterloo Open was denied as the
application was delivered past the deadline.
The Hotel/Motel Tax grant comes from the city's portion of the hotel/motel tax revenue. The
city designated $120,000 for the grant. The Convention and Visitors Bureau Board is asked to
review applications and forward its recommendation to the council for approval.
Each applicant was evaluated and the board used the established criteria. The board looked at
quality of life and the event's impact on the community. Typically, each applicant will request
the maximum $10,000. The applicant has to explain what the grant will be used for, submit a
proposed budget, indicate if other entities will fund the event and any in -kind services. The
board looks at the need and if it is a logical amount to spend on that activity and analyzes what
the event will do for economic development.
Michelle Weidner, Chief Financial Officer, explained that $120,000 was awarded for the
hotel/motel grant because the formula was changed to 20 percent of what the city collects from
hotel/motel tax. The city budgeted $700,000, which would have given $140,000 for the grant,
but the council approved holding $20,000 to build up the reserve, so that there is a pool by 2006
so we won't have to pro -rate every year.
With no further business before the council, it was moved by Clark, seconded by Cole that the
meeting be adjourned at 3:17 p.m. Ayes: Seven. Motion carried.
Nancy Eckert
City Clerk