Subject: 20495/LocalTax/Conv&TradeCtrExpansion/Stadium
Date: Fri, 5 Apr 1991 11:30:00 -0500


                             RESOLUTION NO.   20495 
                 
                 
                  A RESOLUTION REQUESTING LEGISLATION TO ENABLE
                  HAMILTON COUNTY AND/OR THE CITY OF CHATTANOOGA
                  TO LEVY A ONE PERCENT (1%) LOCAL TAX ON RETAIL
                  SALE OF PREPARED FOOD AND BEVERAGES TO FUND
                  LOCAL GOVERNMENTS' SHARE OF THE CHATTANOOGA
                  -HAMILTON COUNTY CONVENTION AND TRADE CENTER
                  EXPANSION AND THE CONSTRUCTION OF A
                  MULTIPURPOSE STADIUM.
                 
                 
                                                    
                 
                 
       	    	 WHEREAS, the construction of a multipurpose stadium and
       the expansion of the Chattanooga-Hamilton County Convention and
       Trade Center will provide a stimulus for the development of the
       South Central Business District, including the cleanup of the
       primary gateway into Chattanooga and Hamilton County, the 
creation
       of jobs through industrial development and the revitalization of
       the south end residential community as set forth in the South
       Central Business District Plan; and
       	    	 WHEREAS, the use of sales tax proceeds from the
       necessities of life such as groceries, durable goods and medicine 

       is not construed to be an appropriate funding source for the
       public share of said projects;
       	    	 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
       THE CITY OF CHATTANOOGA, TENNESSEE, That the City Council does
       hereby request that the Hamilton County Legislative Delegation
       enact legislation to enable Hamilton County and/or the City of
       Chattanooga to levy a one percent (1%) tax on the retail sale of
0C
       prepared food and beverages, the proceeds of which will be used 
to
       fund the local governments' share of the cost of expanding the
       Chattanooga-Hamilton County Convention and Trade Center and
       constructing the stadium.
      
       ADOPTED:	 February 21, 1995
      
       :cjc