Subject: 19357/Agmt/Conv.&Visitors Bureau/Funding
Date: Fri, 15 Feb 1991 10:49:00 -0500


                               RESOLUTION NO. 19357
                  
                  
                   A RESOLUTION AUTHORIZING THE MAYOR TO
                   EXECUTE AN AGREEMENT WITH HAMILTON COUNTY,
                   TENNESSEE, THE CONVENTION AND VISITORS
                   BUREAU, AND/OR THE RIVERCITY COMPANY TO
                   PROVIDE CITY FUNDING IN THE AMOUNT NOT TO
                   EXCEED FOUR HUNDRED FIFTY THOUSAND AND
                   NO/100 DOLLARS ($450,000.00) FOR A NEW
                   CONVENTION AND VISITOR'S CENTER IN THE
                   ROSS'S LANDING AREA TO BE OPERATED BY THE
                   BUREAU, WHICH AGREEMENT IS SUBJECT TO
                   CERTAIN CONDITIONS DESCRIBED HEREIN.
                  
                                                    
                  
                  
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the Mayor be and is hereby 
authorized
       to execute an agreement with Hamilton County, Tennessee, the
       Convention and Visitors Bureau, and/or the RiverCity Company to
       provide City funding in the amount not to exceed $450,000.00 for 
a
       new Convention and Visitor's Center in the Ross's Landing area to 

       be operated by the Bureau, which agreement is subject to the
       following conditions:
       	    	 (1)  Operational funding shall only be for three (3)
       years at an amount not to exceed $150,000.00/year;
       	    	 (2)  That the subsidy of the City and County be reduced
       by requiring that payments vendors make for use of the plaza be
       used to offset the City/County required subsidy;
       	    	 (3)  After three (3) years proceeds from the hotel/motel
       tax will replace all City funding; and
       	    	 (4)  That Hamilton County commit an equal amount of
       funds over the first three years, which funds shall not be from
       hotel/motel tax funds.
      
       ADOPTED:	 March 3, 1992
      
       RLN:cjc