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TGT committee approves November minutes, re-elects Hoefer as chair and begins discussion of reserve-fund guidelines

2946324 · March 6, 2025
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Summary

Committee approved prior meeting minutes, nominated and approved Councilwoman Hoefer as chair for 2025, and opened discussion on how to allocate an unused TGT reserve (about $52,114) and whether to open a future application process.

The Transient Guest Tax Committee on March 6 approved the November minutes, re-elected Councilwoman Hoefer as committee chair for 2025 and began examining how to use an identified reserve fund balance.

Lede: At the meeting start a verbal motion to approve the November minutes was made, seconded and recorded with an “aye” response. Later the committee took nominations for chair; Councilwoman Hoefer was nominated and seconded and the committee recorded an affirmative vote.

Nut graf: Committee members discussed a roughly $52,114 reserve in the base 5 percent TGT fund that appears to have been carried since the 2016 renewal. Staff said the money is designated for TGT uses and must be authorized by the committee for reappropriation. Committee members debated whether to direct the reserve to a specific project (the chair advocated using it on the ice-rink-related work) or open a process so entities such as NoDo — which members said has repeatedly requested support — could apply.

Committee members noted varying practices in past allocations: some past TGT awards were made by direct request rather than an open application; other members favored creating guidelines and an application process for future reserve disbursements so potential applicants know eligible uses and sustainability expectations. Staff agreed to research past resolutions and the application procedures used in 2016 to present draft guidelines for committee consideration.

Ending: The committee directed staff to locate historical resolution language and propose guidelines for reserve-fund use; members signaled openness to considering a NoDo submission but emphasized the need for clear criteria and sustainability standards before awarding the reserve.