Item P5
Board of County Commissioners
Agenda Item Summary
Meeting Date: April)!,2004
Bulk Item: Yes [] No S
Division: Board of County Commissioners
Department: George R. Neugent
AGENDA ITEM WORDING:
To return to the agreed upon formula for capital project funding - 300/0 of the revenue
generated by Monroe County Bed Taxes to be set aside for capital projects - and, return
of the $500,000 in the 04 - 05 budget year for needed funds to address the Americans
with Disabilities requirements at all County and Municipal beaches through-out the
Florida Keys.
ITEM BACKGROUND:
An additional $500,000 outside of the emergency fund that was available to be used was
spent to help promote The Fla. Keys tourism and protect our tourist based economy.
PREVIOUS RELEVANT BOCC ACTION:
In the wake of the 9-11 tragedy and after 3 consecutive months of reduced bed taxes the BOCC, as
agreed, reduced capital funding from 30% to 25% to maintain maximum exposure of the FI. Keys. An
additional $500K was taken from the capital project fund, outside of the existing emergency fund
(which was not used), and used in the deemed emergency to promote the The Florida Keys to the
"drive-from areas" & other markets.
CONTRACT I AGREEMENT CHANGES:
STAFF RECOMMENDATIONS:
TOTAL COST: BUDGETED: YES [] NO []
COST TO COUNTY: $ 0/A Source of Funds:
REVENUE PRODUCING: YES [] NO [] AMT PER MONTH: YEAR:
APPROVED BY: CO [] B/PURCHASING [] RISK MANAGEMENT []
APPROVAL:
CommiSSioner GEORGE R.
DISTRICT II
DOCUMENTATION: INCLUDED []
TO FOLLOW []
NOT REQUIRED
ri
?5
DISPosmON:
AGENDA ITEM #