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2019-004
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Last modified
1/23/2019 1:43:04 PM
Creation date
1/23/2019 1:42:44 PM
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Ordinances
Ordinance Number
2019-004
Adopted Date
01/15/2019
Agenda Item Number
10.A.2.
Ordinance Type
Tourist Development Tax
State Filed Date
01\18\2019
Entity Name
Professional Sports Franchise Facility Tax
Subject
Fourth Cent Tourist Tax
Codified or Exempt
Codified
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ORDINANCE NO. 2019-004 <br />implemented through services, contracts and leases with persons <br />who maintain and operate adequate existing facilities; <br />(2) To promote and advertise tourism in the State of Florida and <br />nationally and internationally; however, if tax revenues are <br />expended for an activity, service, venue, or event, the activity, <br />service; venue, or event must have as one of its main purposes <br />the attraction of tourists as evidenced by the promotion of the <br />activity, service, venue, or event to tourists; <br />(3) To fund convention bureaus, tourist bureau, tourist information <br />centers and news bureaus as county agencies or by contract with <br />the chambers of commerce or similar -associations in the county; <br />(4) To finance beach improvement, maintenance, renourishment <br />restoration and erosion control, including shoreline protection, <br />enhancement, cleanup, restoration of inland lakes and rivers to <br />which there is public access; <br />(5) /Until such time as Indian River County reaches a population of <br />five hundred thousand (500,000) based on the most recent <br />population estimated prepared pursuant to the provisions of F.S. § <br />186.901, as in effect on July 1st of each year, tax revenues <br />received pursuant to this article may also be used to acquire, <br />construct, extend, enlarge, remodel, repair, improve, maintain, <br />operate or promote one or more museums, zoological parks, <br />fishing piers or nature centers which are publicly owned and <br />operated or owned by not-for-profit organizations are open to the <br />public. <br />(6) Pay the debt service on bonds issued to finance the construction, <br />reconstruction, or renovation of a professional sports franchise <br />facility, or the acquisition, construction, reconstruction, or <br />renovation of a retained spring training franchise facility, either <br />publicly owned and operated, or publicly owned and operated by <br />the owner of a professional sports franchise or other lessee with <br />sufficient expertise or financial capability to operate such facility, <br />and to pay the planning and design costs incurred prior to the <br />issuance of such bonds. <br />(b) Up to fifty (50) percent of the revenues to be derived from the tourist <br />development tax levied pursuant to sections 210.01(b) and (c) of this <br />K <br />
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