Print this page
Posted: March 09, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF031517-11

Agenda Item Title:

Second Reading of Ordinance 6171, An Ordinance to Update the City’s Promotion Agency for Purposes of the Municipal Gross Receipts Tax by Amending Sections 3.18.050, 3.18.060, and 3.18.070 of the Rapid City Municipal Code

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
03/15/2017
Stage 2 Group Name:
Legal & Finance Committee
Stage 2 Meeting Date:
03/29/2017
City Council Hearing Date:
04/03/2017
City Council First Reading Date:
03/20/2017
City Council Second Reading Date:
04/03/2017
Petitioner:
Rapid City CVB
Staff Contact:
Wade Nyberg/Kelsey Sakos
Agenda Item Summary:
UPDATE – A revised version has been linked. The 4th recital (whereas) has been amended to reflect that the Visit Rapid City nonprofit corporation has been incorporated, but that the final agreement concerning the split with the Chamber has not been finalized. This ordinance will update the promotion agency designated by the City to receive 25% of the gross receipts tax (a/k/a BBB tax). The Convention and Visitors Bureau is splitting off of the Chamber of Commerce, and a new legal entity is being formed. The new entity is Visit Rapid City, which will take over the functions of the former CVB. The ordinance change will update all references to the CVB to reflect this change. No other changes are included.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Approve