CS Council Approves Additional CVB Event GrantsFeatured Stories, News Friday, April 11th, 2014
The College Station city council has approved a request from the Convention and Visitors Bureau to award more grants with money from the hotel occupancy tax.
Added to unspent funds, $59,377 will go to 12 events through mid-July that will have a projected economic impact of ten million dollars.
It’s the second time this fiscal year grants have been given, and Karl Mooney says there may be a third round.041014-Comments-from-Karl-Mooney.mp3
The review committee pared down requests totaling more than $170,000. John Nichols called for continued scrutiny.041014-Comments-from-John-Nichols.mp3
James Benham was also part of the council’s unanimous vote.041014-Comments-from-James-Benham.mp3
Here is the text of the agenda item approved by the council:
Convention and Visitors Bureau (CVB) Grant Program – $46,327 (Budget Amendment)
The CVB grant program provides funding for events that promote tourism and the hotel industry in College Station. The program is funded with Hotel Tax Funds and is administered by the CVB. In the FY14 Approved Budget, $128,000 was included for the CVB grant program. The CVB accepted applications for the program in the fall and allocated $114,950 of these funds. Applications were also accepted in the spring and an additional $59,377 is being recommended for allocation. This item will amend the budget for an additional $46,327 (spring allocation less balance of original budget). These funds are available in the Hotel Tax Fund balance. If approved, an amendment to the CVB Grant Program Funding Agreement will be prepared and brought back to Council. Groups who receive funding will only receive ¼ of the funding up front and the remaining ¾ after the event has occurred and performance standards have been met and verified.
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