City of Colorado Springs - File #: 23-213

• File #: 23-213
• Version: 2
• Type: Ordinance
• Status: Mayor's Office
• File created: 4/7/2023
• In control: City Council
• On agenda: 6/27/2023
• Final action: 6/27/2023
• Title: Ordinance No. 23-29 amending Ordinance No. 22-90 (2023 Budget Appropriation Ordinance) for a supplemental appropriation to the Lodgers & Auto Rental Tax (LART) Fund in the amount of $717,960 for additional projects and events recommended by the LART Citizen Advisory Committee and as amended by City Council; and to the Capital Improvements Program (CIP) Fund in the amount of $250,000 for a LART-funded capital project that will be administered by the City of Colorado Springs Parks, Recreation and Cultural Services Department Presenter: Chris Fiandaca, City Budget Manager PK McPherson, Chair, LART Citizen Advisory Committee

Date	Ver.	Action By	Action	Result
6/27/2023	2	City Council	finally passed	Pass
6/13/2023	1	City Council	amended	Pass
6/13/2023	1	City Council	approved on first reading	Pass
5/23/2023	1	City Council	approved on first reading	Pass
5/8/2023	1	Council Work Session	referred

Title
Ordinance No. 23-29 amending Ordinance No. 22-90 (2023 Budget Appropriation Ordinance) for a supplemental appropriation to the Lodgers & Auto Rental Tax (LART) Fund in the amount of $717,960 for additional projects and events recommended by the LART Citizen Advisory Committee and as amended by City Council; and to the Capital Improvements Program (CIP) Fund in the amount of $250,000 for a LART-funded capital project that will be administered by the City of Colorado Springs Parks, Recreation and Cultural Services Department

Presenter:
Chris Fiandaca, City Budget Manager
PK McPherson, Chair, LART Citizen Advisory Committee
Body
Summary:
The LART Citizen Advisory Committee, at their meeting in March of 2023, recommended approval and funding for additional 2023 events and projects. The attached ordinance is a supplemental appropriation to the LART Fund in the amount of $717,960 as shown in Exhibit A, as recommended by the LART Citizen Advisory Committee and as amended by City Council at the June 13, 2023 City Council meeting. The attached ordinance also includes a supplemental appropriation to the CIP fund in the amount of $250,000 for a LART-funded capital project that will be administered by the City's Parks, Recreation and Cultural Services department. The $250,000 transfer from the LART Fund to the CIP Fund is included in the $717,960 LART Fund supplemental appropriation request.

In 2022, LART revenue exceeded budget by approximately $1.1 million. Additionally, LART was provided $1,000,000 of American Rescue Plan Act (ARPA) funding during 2022.

Background:
The LART Tax, 2% on lodging and 1% on auto rental, was established in 1978 with the purpose of attracting visitors and enhancing the economy of the City and Pikes Peak Region.

A number of events in the community have been designated by City Council resolutions over the years as "City-sponsored events" and are supported in whole or in part by LART funds. The remaining funds are allocate...