Title
Resolution - A Resolution of the City Council of the City Of Mansfield, Texas, Reallocating $150,000 of the 2022-2023 Hotel/Motel Occupancy Tax Funds; Authorizing the City Manager, or His Designee, to Execute any Documents Necessary to Distribute Said Funds; and Providing an Effective Date
Requested Action
Approve the Resolution reallocating the 2022-2023 HOT funds previously allocated to the Historic Mansfield Performance Park - The LOT Downtown.
Recommendation
Staff recommends the approval of the Resolution.
Description/History
As a part of the adopting the 2022-2023 budget, the City Council allocated $150,000 in HOT Funds to the Historic Mansfield Performance Park - The LOT Downtown for programming. Since the allocation was approved by Council, the City has take full ownership of The LOT Downtown. The City’s Convention and Visitor’s Bureau Department (CVB) now oversees the programming.
Justification
None of the previously allocated $150,000 has been paid out to the Historic Mansfield Performance Park - The LOT Downtown. City staff is asking that these funds be reallocated to the City’s CVB to effectuate programming at The LOT Downtown.
Funding Source
2022-2023 Hotel/Motel Occupancy Tax Fund
Prepared By
Troy Lestina, Deputy City Manager