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12.G. I. TOURIST DEVELOPMENT COUNCIL, 2008/2009 BUDGET <br />RECOMMENDATIONS <br />County Budget Director Jason Brown recapped the May 27, 2008 memorandum to <br />brief the Board on the Tourist Development Council's (TDC) ratings system for tourist tax <br />revenues, which are distributed among the following five agencies: (1) Indian River County and <br />Sebastian Chambers of Commerce; (2) Vero Heritage; (3) the Cultural Council; (4) Treasure <br />Coast Sports Commission; and (5) the Indian River County Historical Society. He conveyed that <br />since the Indian River County Historical Society had received the lowest ratings and would not <br />have been eligible for funding, the Tourist Development Council came up with an option <br />(outlined on page 371 of the backup) to ensure that some of the revenues would be apportioned <br />to the Historical Society. Director Brown thereafter presented staff's recommendation for <br />approval of that option (Alternative 2), limiting each agency to no more than a 2% increase to <br />their current year funding, and then applying the rating system to each requestor. <br />Chairman Bowden, who had chaired the Tourist Development Council meeting, <br />agreed that Alternative No. 2 was the most fair and equitable way to allocate the funds. <br />ON MOTION by Vice Chairman Davis, SECONDED by <br />Commissioner Flescher, the Board unanimously approved <br />Alternative No. 2, the Tourist Development Council's <br />recommendation to limit each agency to no more than a <br />2% increase to their current year funding, then to apply the <br />rating system to each requestor, as recommended in the <br />memorandum of May 27, 2008. <br />31 <br />June 3, 2008 <br />