CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. R-24-90 ENACTMENT NO. _____________________
SPONSORED BY: Ren?e Grout and Brook Bassan
RESOLUTION title
Assessing District Benefit Fees For The Albuquerque Tourism Marketing District In Accordance With The Approved Budget (Grout, Bassan)
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ASSESSING DISTRICT BENEFIT FEES FOR THE ALBUQUERQUE TOURISM MARKETING DISTRICT IN ACCORDANCE WITH THE APPROVED BUDGET.
WHEREAS, the Albuquerque Tourism Marketing District (ATMD) was Created by Ordinance O-22-14; and
WHEREAS, the Management Committee has prepared and filed with the Council, for its review and approval, the FY25 operating budget that is in accordance with the ATMD plan; and
WHEREAS, the ATMD Management Committee, Visit Albuquerque, has filed with the Council a progress report of the ATMD activities for the preceding fiscal year, which includes a complete financial statement setting forth its assets, liabilities, income and operating expenses as of the end of FY24 and the benefits of the ATMD programs to the ATMD lodging businesses' owners; and
WHEREAS, the ATMD Management Committee has recommended to the Council the benefit fee amounts to be assessed in accordance with the ATMD plan; and
WHEREAS, Ordinances O-22-14 and O-22-21 provide for the distribution of the ATMD benefit fee to the Management Committee of the ATMD who shall determine how such funds are spent subject to the Management Committee's compliance with the ATMD plan; and
WHEREAS, NMSA 1978 Section 3-63-13 authorizes the City Council to annually assess the ATMD benefit fees.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. The City Council hereby approves the ATMD budget for FY25.
SECTION 2. The City Council hereby assesses the ATMD benefit fees for FY25 in accordance with the formulas and procedures adopted in Ordinance O-22-21.
SECTION 3. The estimated revenue of the ATMD benefit fees...
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