Agenda - 10-13-2011 - 3 - Laserfiche WebLink

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6 (3) Tourism related expenditures. -1xpenditures that; in the judgment of the Tourism Development Authority, -aze designed to increase the use of lodging facilities, meeting facilities, and-convention facilities iu a town by attracting tourists or business travelers to the town. The term includes tourism-related capital expenditures. SECTION Y4 ~. Carrbor-o Tourism Development Authority. - (a) Appointment and Membership. - ©Vhen the gover-Wing -body of the Towri of Carrboro adopts a resolution. levying a room occupancy tax_ under this Part, it shall also adopt a resolution creafmg a Tourism Development Authority, which shall-be a public. authority under the Local Government Budget and Fiscal Control Act. The resolution shall provide -for the-~rnembership of the Authority, including the members' terms of-office, anal for the filling of vacancies on the A~zthoriiy. At least one-third of the members must be individuals who aze affiliated-with businesses that collect the #ax in the t©wn, and at Ieast three-fourths of the members must be individuals wh-o are currently active in the _promotion of travel and-tourism in the town. -The-governing=b-ody -of the Town of Carrboro shall designate one member of the Authority as chair and shall determine tie compensation, i_f any, to-be paid to members of the Authority. The Authority shall meet- at the call of the chair and -shall adopt rules -of procedure rto govern its- meetings. The Finance Officer for the Town of Carrhoro shall be the eX officio finance officer of the Authority. SECTION 14.2.(b) Duties. -The Authority shall expend the net proceeds of the tax levied under this Part for the purposes provided irr tlii.s Part. The Authority shall promote travel, tourismrand conventions in the town, sponscar tourist-related events and- activities in the town, and dance tourist-related capital projects in the town. SECTION 14:2.(c) Reports. -The Autfiarity shall repor-t quarterly and at the close of the fiscal year to the governing body of the Town of Carrboro on its receipts and expenditures for the preceding-quarter and for the year in such detail as the board may require.