Item 86 — Thursday, December 12, 2024

Current official agenda wording

Approve a resolution to authorize the establishment of an Austin Tourism Public Improvement District, composed of hotels with one hundred or more rooms, and make findings related to the advisability of the improvement and creation of the district as authorized by Local Government Code Chapter 372 to enhance services and undertake improvements, including activities related to marketing, business recruitment, and promotion for the district. Funding: For Fiscal Year 2024-25, the ATPID is projected to allocate $4.2 million in revenue the City would be eligible to receive under the ATPID Service Plan. Actual revenue is dependent on the eligible activities that will occur under the service plan. Revenue is expected to increase in future years. Related to Items #75 and #87.