Resolution 130-2018RESOLUTION NO. 130 -2018
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A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA TO
AUTHORIZE UNALLOCATED CAPITAL BRICK AND
MORTAR FUNDING FROM FISCAL YEAR 2018 TO
TRANSFER TO FISCAL YEAR 2019 ADVERTISING AS
REQUESTED AND UNALLOCATED FUNDS FROM
FISCAL YEAR 17 WHERE AVAILABLE.
WHEREAS, the Board of County Commissioners of Monroe County passed a resolution
on the 12 day of April, 2017 stating that Brick and Mortar Capital unallocated funds should stay
in Brick and Mortar Capital accounts, unless the DAC and TDC snake a special request to the
BOCC to roll over those funds; and
WHEREAS, Hurricane Irma passed over the entire Florida Keys on September 10"',
2017 as a category 4 hurricane and caused extreme devastation to all districts; and
WHEREAS, due to the impacts of Hurricane Irma many of the Keys lodging properties
were damaged and have been forced to either close down completely for renovations or only
open and utilize a portion of their rooms for visitors, thus unfortunately causing visitors to seek
accommodations at alternative destinations outside of the Florida Keys. Due to the reduced
number of visitor accommodations in the Keys, lodging, restaurants, local businesses and Keys
tourist attractions have all suffered a decrease in revenue; and
WHEREAS, there has been a significant decrease in tourist development tax revenues in
Fiscal year 2018 resulting from Hurricane Inna and it is expected to continue, which will
negatively affect the Fiscal Year 2019 budget and the available tourist development tax revenue
for advertising the Keys, which is necessary to establish a new visitor base and maintain our
repeat visitor base; and
WHEREAS, the TDC and District Advisory Committees for Key West (DAC I), Big
Pine and the Lower Keys (DAC II), Marathon (DAC III), Islamorada (DAC IV) and Key Largo
(DAC V) have approved a special request to the Monroe County Board of County
Commissioners to authorize for unallocated capital brick and mortar resources to be moved into
fiscal year 2019 advertising budget; and
WHEREAS, except for DAC III and DAC IV, the audited financial statement for Fiscal
Year 17 shows unappropriated funds that can be utilized as an additional source of funds to make
up for the deficit in revenue in the amount of $337,340;
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NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA, as follows:
1. The Board of County Commissioners of Monroe County authorizes each of the District
Advisory Committee's to move a portion of their unallocated Brick and Mortar Capital
Resources from Fiscal Year 2018 into Fiscal Year 2019 Advertising budget as a special
exception due to the impacts of Hurricane Irma in the amount of $285,498 for DAC I,
$29,741 for DAC II, $280,966 for DAC III, $702,969 for DAC IV, and $22,101 for DAC
V and for DAC I, DAC II and DAC V, the unallocated funds from Fiscal Year 17, as per
the audited financial statements, will be utilized as an additional source of funds in the
amount of $285,498 for DAC I, $29,741 for DAC II, and $22,101 for DAC V.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,
Florida, at a regular meeting held on the 19` day of April, 2018.
Mayor David Rice Yes
Mayor Pro Tem Sylvia Murphy Yes
Commissioner Heather Carruthers Yes
;M1 Commissioner Danny Kolhage Yes
Commissioner George Neugent Yes
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Attest'KEVIN MADOK, CLERK
By: (�
Deputy Clerk
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BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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By: /O"
Mayor
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MONROE COUNTY ATTORNEY
OrD
CHRISTINE LIMBERT - BARROWS
ASSISTANT CO ' TT RNEY
DATE:
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