Submitted By
Tammie Grossman, Director Development Customer Services
Reviewed By
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Agenda Item Title
Title
A Resolution Approving a Funding Grant Agreement between the Village of Oak Park and Visit Oak Park in an Amount Equal to the Revenues Generated by the 3% Hotel/Motel Tax assessed in Fiscal Year 2018 and General Revenue Funds up to $37,500 and Authorizing its Execution
End
Overview
Overview
The Funding Grant Agreement between the Village of Oak Park and Visit Oak Park (formerly The Oak Park Area Convention and Visitors Bureau) is for the amount equal to the revenues generated by the 3% Hotel/Motel Tax assessed in fiscal year 2017 which is estimated to be approximately $175,000 in 2018 and $37,500 in support from the General Revenue Fund.
Body
Staff Recommendation
Approve the Resolution.
Fiscal Impact
The 2018 Budget contains a line item of $175,000 from the Hotel/Motel Tax and $37,500 from the General Revenue fund. However, because of the addition of the Hotel/Motel Tax to Transient Rental Units such as AirBnB, the actual Hotel/Motel Tax collected could be greater than budget. If so, the General Revenue Funding level will be reduced accordingly.
Background
Visit Oak Park is a non-profit state certified tourism bureau that provides marketing and advertising services for the various attractions located in its service area which encompasses 21 communities in West Cook County. The 2018 service agreement calls for Visit Oak Park to encourage tourism through the promotion of Village of Oak Park events, tourism attractions regionally, nationally, and internationally, to act as a catalyst to promote the development of additional attractions, to operate the Visitors Center, to implement and coordinate the tourism related policies and procedures adopted by the Village and to provide assistance and consultation to area tourism attractions. Visit Oak Park is recognized as an important community based initiative which in partnership with other community based initiatives contributes to the health and economic vitality of Oak Park.
Alternatives
Not approve the contract or reduce the funding allocated.
Previous Board Action
NA.
Citizen Advisory Commission Action
NA.
Anticipated Future Actions/Commitments
NA.
Intergovernmental Cooperation Opportunities
NA.
Performance Management (MAP) Alignment
A governance priority for the Development Customer Service Department is Commercial Recruitment/Retention: Improve Health/Vitality of Business Districts.