Town of Chapel Hill North Carolina Executive Summary
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NORTH CAROLINA


EXECUTIVE SUMMARY

Meeting Date: 5/30/2012
AGENDA #16


Title of Agenda Item: Continuation of Budget Discussion-Funding for Convention and Visitors Bureau.  

Council Goal: Set Course for a Sustainable Fiscal Future

Background: The purpose of this memorandum is to provide information in response to the questions raised regarding the potential for increasing the funding for the Convention and Visitors Bureau.

Fiscal Note: The Recommended Budget projects $900,000 in revenues from the Occupancy Tax and appropriates $150,000 for a Performance Agreement with the CVB.

Recommendations: That the Council consider the recommended option and give direction for the preparation of the Final Budget.


ATTACHMENTS:
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Staff Memorandum
June 25, 2008 Resolution Authorizing an Agreement with the Chapel Hill/Orange County Visitors Bureau