Loading...
2018-716 ORDINANCE NO. 2018-716 An ordinance amending Janesville General Ordinance Section 3.20.130 Expenditure of Room Tax Revenues Collected, with a penalty for violations thereof as set forth in Section 3.20.140 of the Code of General Ordinances of the City of Janesville. THE COMMON COUNCIL OF THE CITY OF JANESVILLE DO ORDAIN AS FOLLOWS: SECTION I. Section 3.20.130 (A) (1) of the Code of General Ordinances of the City of Janesville is hereby amended to read as follows: 1. The City shall make monthly payments during the year of 60% of the revenue produced from a 8% room tax rate directly to the Janesville Area Convention and Visitors (JACVB) and retain the balance. The City shall retain the greater of either 30% of its current year room tax revenues, or For fiscal year Amount retained by City 2017 $419,355 2018 $424,170 2019 $454,142 2020 $433,054 2021 and beyond $419,352 SECTION II. This ordinance and its fees shall take effect at 12:00 o'clock a.m. on April 1, 2018, the public interest, welfare, benefit and good so requiring, and the Common Council so finding. ADOPTED: March 26.2018 Motion by: Williams Second by: Conley APPROVED: Councilmember Aye Nay Pass Absent ,,/ Conley X Farrell X Mar A. r reitag, City Manager Gruber X Jorgensen X ATT / Marklein X Williams X Wolfe X D-vid . Godek, City Clerk-Treasurer APPROVED AS TO FORM: Wald Klimczyk, City Attorney Proposed by: Finance Office Prepared by: Finance Office 1