HomeMy WebLinkAbout1978-10-17 Public hearingr1,ui01-iU4L'u 8Y JURM 141CROLAB CEDAR RAPIDS ANU UL5 V RL`.
NOTICE OF PUBLIC HEARING
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Public notice is hereby given that a public hearing
will be held by the City Council on October 17, 1978,
at 7:30 P.M. in the Council Chambers of City Hall,
on potential uses of receipts from the proposed 5%
hotel/motel tax which will be voted on at the Nov. 1,
1978 election.
The revenue derived from any hotel and motel tax
shall be used as follows:
A. Each county or city which levies the tax
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shall spend at least fifty percent of the revenues
derived therefrom for the acquisition of sites for,
or constructing, improving, enlarging, equipping,
repairing, operating or maintaining of recreation,
convention, cultural, or entertainment facilities
including but not limited.to,memorial ,buildings,
halls and monuments, civic center convention
buildings, auditoriums, coliseums, and parking areas
or facilities located at thoserecreation, conven-
tion, cultural, or entertainment facilites or the
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payment ofprincipal' and interest when due , on ,bonds
orlother ;evidence of indebtedness' issued by the
county or city for those.recreation, convention,
cultural, or entertainment facilities; or for the
promotion and encouragement of tourist and convention
business in the city,or county revenues and
surrounding areas:
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B. The remaining revenues may be spent by the
city or county which levies the tax for any city or
county operations authorized by law as a. proper
purpose for the expenditure within statutory limi-
tatsons'of city or county revenues derived from
ad valorem taxes.'
C. Any city or county which levies and collects
the hotel and motel tax authorized by this Act may
pledge an amount not to exceed thirty percent of
the revenues' derived therefrom to the payment of
bonds which the city or county may issue for one or
more of the purposes set forth in Paragraph A of
this subsection. Any revenue pledged to the payment
of such bonds may be credited to the spending re-
quirement of Paragraph A of ,this subsection.
At said time and place, last above mentioned, any
interested persons may appear.
Dated this 7th day of October, 1978.
/s/ ABBIE STOLFUS, CITY CLERK
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MICROI-ILMED By
JORM MICR6LAB.
CEDAR RAPIDS • DES MOINES