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File #: 18-0183    Version: 1
Type: Bill Status: Passed
File created: 2/12/2018 In control: Finance & Governance Committee
On agenda: 3/5/2018 Final action:
Title: A bill for an ordinance establishing a new fund in the General Government Special Revenue fund and making rescissions, cash transfers and supplemental appropriations from the General Contingency Fund to the General Government Special Revenue Fund. Establishes the Tourism Improvement District Marketing and Promotion Special Revenue Fund and appropriates $5 million to the fund for tourism marketing and promotion services. The Committee approved filing this bill by consent on 2-20-18.
Indexes: Shelley Smith
Attachments: 1. BR18 0183 DOF TID SRF Creation and Appropriation, 2. CB18-0183 Bill_DOF Tourism Impr Dist Approp, 3. 18-0183 Filed Bill_DOF Tourism Impr Dist Approp .pdf, 4. 18-0183 - signed, 5. 18-0183 Filed For an Ordinance Establishing a New Fund in General Govt Special Revenue Fund
Finance Item/Grant Request Template

Date Submitted: 02-13-18

Requesting Agency: Finance
Division: Budget

? Name: Andrew Marzo/Stephanie Adams
? Phone: 720-913-5539/720-913-5512
? Email: Andrew.Marzo@Denvergov.org/Stephanie.Adams@Denvergov.org

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance establishing a new fund in the General Government Special Revenue fund and making rescissions, cash transfers and supplemental appropriations from the General Contingency Fund to the General Government Special Revenue Fund.
Establishes the Tourism Improvement District Marketing and Promotion Special Revenue Fund and appropriates $5 million to the fund for tourism marketing and promotion services. The Committee approved filing this bill by consent on 2-20-18.
body

Affected Council District(s) or citywide?

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.

In August 2017, City Council approved an ordinance (CB17-0883 / 20170883) creating and establishing the Denver Tourism Improvement District (TID). Voted on by electors of the District in November of 2017, electors approved the levy of one-percent (1%) tax on the purchase of lodging within the District's boundaries and authority to enter into a multiple-fiscal year financial obligation with the City. Pursuant with the establishment of the TID, the Budget and Management Office is requesting to establish a new special revenue fund (SRF) that will be named the T...

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