City Council
MEETING DATE: 4/13/2016
TITLE:
Title
Transient Occupancy Tax Sharing Agreement for Best Western Plus
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FROM:
Leisa Lukes, Economic Development Manager
RECOMMENDATION:
Recommendation
Staff recommends the City Council conduct a public hearing under Municipal Code Title 3, Chapter 3.25 and consider designating Best Western Plus to be located at the southeast corner of Bob Hope Drive and Varner Road (TPM 36619, Parcel 8) as an Approved Hotel; receive comments and other evidence; consider terms of a Transient Occupancy Tax Sharing Agreement between the City and Mirage Bob Hope Varner, LLC, doing business as Best Western Plus; and adopt a Resolution making findings and authorizing a Transient Occupancy Tax Sharing Agreement between the City and Mirage Bob Hope Varner, LLC, doing business as Best Western Plus.
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BACKGROUND:
Mirage Bob Hope Varner, LLC, proposes to construct a 90-room Best Western Plus hotel in The Crossings at Bob Hope, a proposed commercial center to be developed at the southeast corner of Bob Hope Drive and Varner Road. The project is currently under review by the City and is scheduled for a Planning Commission hearing on May 4, 2016.
Cathedral City Municipal Code Chapter 3.25 provides for economic incentive payments for the opening, operation, renovation and expansion of hotel facilities within the City upon determination by the City Council that providing such payments would achieve the City's tourism expansion goals and create new sources of transient occupancy tax (TOT) revenues for the general fund to support the public services that the City provides to its residents. The Applicant is requesting to participate in the City's economic incentive program to receive payments supporting the proposed hotel development.
DISCUSSION:
Mirage Bob Hope Varner, LLC, (Applicant), represented by Mr. Cody Small and Mr. Brent Ogden, have developed a number of commercial properties over the years, including several in th...
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