HomeMy WebLinkAboutResolution 75-92 RESOLUTION NO. 75-92
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO, CALIFORNIA
AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH
THE ATASCADERO CHAMBER OF COMMERCE
TO
PROVIDE COMMUNITY PROMOTION SERVICES
The City Council of the City of Atascadero, California,
hereby resolves as follows:
1. The City Manager is hereby authorized to execute an
agreement with: the Atascadero Chamber of Commerce to
provide Community Promotion Services, and all other
agreements or documents required to effectuate the
terms of agreement.
2. The City Manager is hereby authorized to make minor
corrections or modifications of a mathematical or
clerical nature.
3. The Finance Director is hereby authorized to:
appropriate funds, if necessary; release and expend
funds; and issue warrants to comply with the terms of
this agreement.
PASSED AND ADOPTED at a regular meeting of the City Council
of the City of Atascadero held on the 11th day of August, 1992.
CITY OF ATASCADERO, CALIFORNIA
.
By. r
ROBERT P. NIMMO, Mayor
ATTEST:
LEE B01N, C y Clerk
Resolution No. 75-92
Exhibit A
PERFORMANCE BASED FORMULA FOR
CALCULATING ANNUAL CRAMBER OF COMMERCE FEE
1. A weighted average shall be used to calculate the annual
fee. The fee will be calculated as follows:
a. Ten Percent (10.0%) of the prior year's Business
License fee receipts; plus
b. Six and one-half percent (6.5%) of the prior year' s
Transient Occupancy Tax (Bed Tax) receipts; plus
C. One-quarter percent (0.25%) of the prior year' s Sales
Tax Receipts.
2. The first semi-annual installment due in July will be based
upon the City's latest estimates for the above three
revenues; the second installment due in January will reflect
the audited figures and may be more or less than the first
installment, due to any variance between estimated and
actual figures.
3. The annual fee will be rounded to the nearest hundred.
4. The above formula may be amended by Resolution of the
Atascadero City Council.