Agenda

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Public Hearings 11.

BCC Regular Meeting

Meeting Date:	11/05/2015
Issue: 5:34 p.m. Public Hearing Adopting the Local Option Sales Tax (LOST) Economic Development Trust Fund Ordinance
From:	Alison Rogers
Department:	County Attorney's Office
CAO Approval:

RECOMMENDATION:

5:34 p.m. Public Hearing to consider adopting the Local Option Sales Tax (LOST) Economic Development Trust Fund Ordinance.

Recommendation: That the Board take the following action:

A. Ratify the scheduling of the 5:34 p.m. Public Hearing for consideration of adopting the Local Option Sales Tax (LOST) Economic Development Trust Fund Ordinance; and

B. Adopt the Local Option Sales Tax (LOST) Economic Development Trust Fund Ordinance that establishes a trust fund for the purpose of funding economic development projects having a general public purpose of improving local economies.

BACKGROUND:

At the October 15, 2015 Committee of the Whole, the Board discussed and approved scheduling a public hearing to consider adopting the Local Option Sales Tax (LOST) Economic Development Trust Fund Ordinance.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

This ordinance was drafted by County Attorney Alison Rogers and advertised in the Pensacola News Journal on Sunday, October 25, 2015.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Ordinance
Proof of Publication