11 - Hotel Occupancy Tax Agreement Amendment No. 1

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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AMENDMENT NO. 1 TO THE HOTEL OCCUPANCY TAX AGREEMENT DATED OCTOBER 1, 2016 BETWEEN THE CITY OF PARIS, TEXAS AND LAMAR COUNTY CHAMBER OF COMMERCE; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of Paris ("City") and the Lamar County Chamber of Commerce ("Chamber") entered into a Hotel Occupancy Tax Agreement effective October 1, 2016 (the "Agreement") whereby the City contracted with the Chamber for the management of hotel occupancy taxes ("HOT") collected by the City; and WHEREAS, pursuant to said Agreement, the City is obligated to forward 95% of HOT collected to the Chamber while retaining 5% of the HOT "to pay City's administrative costs, and for the purpose of funding special purpose grants to enhance tourism as approved by the City Council of Paris and consistent with state law;" and WHEREAS, the parties to said Agreement find it desirable to expand the purposes for which the City may expend the retained HOT to include expenditures for capital improvements on City -owned property which meet the requirements of the HOT statute (Texas Tax Code Chapter 351). NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Amendment No. 1 to Hotel Occupancy Agreement dated October 1, 2016 attached hereto as Exhibit A and incorporated herein by reference is hereby approved and the Mayor his hereby authorized to execute same on behalf of the City. Section 3. That this Resolution shall be effective upon passage. PASSED AND APPROVED this 14th day of August, 2023. Reginald B. Hughes