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Committee asks staff to bring county loan terms and TOT proposal to next board meeting
Summary
The committee agreed staff should present county loan terms for review at the next board meeting and said staff would place a TOT (transient occupancy tax) funding item on the agenda if the board wants to begin that process.
Committee members directed staff to secure county loan terms and prepare materials for the board to review next week. Staff said they hoped to have terms by the next board meeting and would prepare a package for the board's consideration; a committee member confirmed the board could be asked next Tuesday without a separate committee motion.
Staff also said they had placed a potential Transient Occupancy Tax (TOT) item for discussion on the board agenda and offered to outline a potential timeline for initiating that process if the board wants to proceed. The Chair asked for any additional informational items under item 6 and none were raised, concluding the informational portion of the meeting.
