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NOW, THEREFORE,be it resolved by the City Council of the City of Everett that <br /> Hotel/Motel Tax proceeds be allocated and distributed as follows subject to the <br /> inclusion of these allocations in the adoption of the 1998 Budget: <br /> HoteUMotel Tax Fund <br /> Recipient Amount <br /> Sno. Co. Visitor's Center $15,000 <br /> Stadium Improvements 52,312 <br /> Chamber of Commerce 85,000 <br /> Salty Sea Days 53.000 <br /> Total Expenditures 205,312 <br /> Reserve 87,631 <br /> TOTAL $292,943 <br /> AND BE IT FURTHER RESOLVED that the Mayor is hereby authorized to <br /> negotiate,prepare, and execute three-year contracts following the adoption by the City <br /> Council of the 1998 Budget, with the Chamber of Commerce and Salty Sea Days <br /> (Snohomish County Visitor's Center and the Stadium Improvements are covered by <br /> existing contracts) for the distribution of these funds in accordance with the proposal as <br /> approved by the Lodging Tax Advisory Committee. <br /> Councilmember Introducing Resolution <br /> PASSED and APPROVED this 5th day of November , 199 7 <br /> Council President <br /> sjh\hm_tax\98res1 <br />