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File #: 23-338    Version: 1 Name:
Type: Informational Report Status: Filed
File created: 6/21/2023 In control: Council Work Session
On agenda: 8/7/2023 Final action: 8/7/2023
Title: Visit COS - 6-month Lodgers and Auto Rental Tax (LART) contract update to City Council Presenter: Doug Price, President and CEO, Visit COS
Attachments: 1. LART - 2023 Q1 & Q2 VCOS KPI Presentation

 

Title

Visit COS - 6-month Lodgers and Auto Rental Tax (LART) contract update to City Council

 

  Presenter: 

Doug Price, President and CEO, Visit COS

 

Body

  Summary:

Visit COS will provide an update to City Council every 6 months regarding their work related to the LART Contract.

 

  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 (City Code 2.9.102). Visit COS is one of four LART-contracted entities that will provide an update to City Council every six months.

  Previous Council Action:

On November 8, 2022, City Council recommended LART expenditures to be included in the 2023 budget (Resolution No. 191-22), including funding for the four contracted entities to include Visit COS. On December 13, 2022, City Council approved the 2023 Budget per Ordinance No. 22-90, which included the appropriation of funds for the LART Fund.

 

  Financial Implications:

N/A

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

N/A

 

Summary of Ordinance Language

N/A



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