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City ordinances revise commission grant language; staff explains inflation adjustment and limits on larger awards
Summary
Staff told the commission that City Council adopted Ordinances 3600 and 3601, which amend code language addressing the Economic Development Commission’s tourism-grant authority; staff said the longstanding $5,000 cap (2010) equates to $7,117 in current dollars and noted larger awards must go to City Council.
City staff told the Economic Development Commission on April 25 that two ordinances adopted this month (Ordinances 3600 and 3601) amend the municipal code governing commissions' authority to award tourism grants.
Staff said the $5,000 grant cap set in 2010 has lower buying power today and that a CPI adjustment shows $5,000 in April 2010 is equivalent to $7,117 in current…
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