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those allocations are authorized uses under State law. This <br />resolution is a statement of the present intent of the City Council <br />and the Board, but if the composition or philosophies of either <br />group changes, a new resolution can be passed. However, we are <br />committed to construct the Prefabricated Erosion Protection (PEP) <br />reef. If tourist tax revenues decrease, we will have to find <br />another source of funds. State law does not permit the use of more <br />than 50% of total tourist tax revenues for beach preservation. <br />Attorney Collins asked Attorney Braisted to explain paragraph 5 <br />since it pertains to the City. <br />Attorney Braisted explained that paragraph 5 states that the <br />City of Vero Beach agrees to use its share of tourist tax funds for <br />the PEP project. He emphasized that this resolution is to assure <br />that the use of the funds will be not be debated every year. <br />Commissioner Eggert pointed out that the City benefits from <br />expenditures of tourist tax dollars other than the PEP reef. <br />Therefore, the City will benefit from more than 50% of the total <br />expenditures. <br />THE VICE CHAIRMAN CALLED FOR THE QUESTION, AS <br />AMENDED. <br />It was voted on and carried unanimously (4-0, <br />Chairman Bird being absent). <br />CITY OF VERO ©EACH RESOLUTION NO. 93- 30 <br />INDIAN RIVER COUNTY RESOLUTION NO. 93-214 <br />A JOINT RESOLUTION OF THE CITY OF VERO•BEACH <br />AND THE COUNTY OF INDIAN RIVER SETTING FORTH <br />AN AGREEMENT ON THE APPROPRIATE USE OF TOURIST <br />TAX REVENUES; PROVIDING FOR USE OF FIFTY <br />PERCENT OF THE TOTAL TOURIST TAX REVENUES FOR <br />BEACH PRESERVATION; AND PROVIDING FOR THE <br />ISSUA14CE .OF REVENUE BONDS FOR A BEACH <br />PRESERVATION PROJECT. ' <br />WHEREAS, pursuant to Florida Statutes, the Board of County <br />Commissioners of indian River County have the authority to expend <br />tourist tax revenues for those purposes set forth in Florida <br />Statutes 125.0104 and Indian River County Ordinances, Chapter 210; <br />and <br />WHEREAS, beach preservation is an authorized use of tourist <br />tax revenues; and <br />WHEREAS.,.the majority of the tourist tax revenue ie collected <br />within the City of Vero Beach (District 1); and <br />WHEREAS; studies have shown that the primary attraction of <br />Vero Beach and Indian River County for tourists is the beaches; <br />and <br />41 <br />DEC 141993 BOOK 91 P,,,c 260 <br />