Loading...
HomeMy WebLinkAbout240-25 RESOLUTIONPage 1 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 240-25 File Number: 2025-1994 A RESOLUTION TO APPROVE A FIVE-YEAR AGREEMENT WITH THE FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION TO FURNISH COLLECTION AND ACCOUNTING SERVICES FOR THE HOTEL, MOTEL, AND RESTAURANT TAXES COLLECTED FOR THE A & P COMMISSION FOR A FEE OF 2% OF SUCH COLLECTIONS WITH AN AUTOMATIC RENEWAL FOR AN ADDITIONAL FIVE-YEAR TERM WHEREAS, the City of Fayetteville has long collected the Hotel, Motel and Restaurant tax for the A & P Commission for a fee of 2% of such collections and it is time to renew that agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves and authorizes Mayor Rawn to sign the attached Agreement with the Fayetteville Advertising and Promotion Commission to furnish collection and accounting services for the Hotel, Motel and Restaurant taxes for 2% of the amount collected. PASSED and APPROVED on October 21, 2025 Approved: _______________________________ Molly Rawn, Mayor Attest: _______________________________ Kara Paxton, City Clerk Treasurer Mailing address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov CITY COUNCIL MEMO 2025-1994 MEETING OF OCTOBER 21, 2025 TO: Mayor Rawn and City Council THRU: Steven Dotson, Chief Financial Officer FROM: Kristin Cavette, Accouting Director SUBJECT: Agreement with A&P Commission to collect their 1% of the Hotel, Motel, and Restaurant Tax RECOMMENDATION: Renew contract with Advertising and Promotion Commission. BACKGROUND: This agreement will be for a five-year term from the date of the agreement. Upon completion of the initial term, the agreement will automatically renew for an additional five-year term unless either party notifies the other party in writing prior to the expiration date of the initial term. DISCUSSION: The City of Fayetteville's agreement with the A&P Commission was established to assist the A&P Commission collect Hotel, Motel, and Restaurant taxes due and to compensate the City of Fayetteville for the collection and reporting of the HMR taxes. The City of Fayetteville received a total of $105,000 in 2024 for the 2% collection fee stated in the agreement. BUDGET/STAFF IMPACT: Collection fees for the calendar year of 2024 were $105,000 ATTACHMENTS: 3. Agreement 9.30.25 Signed by A&P Page 1 City of Fayetteville, Arkansas Legislation Text 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 File #: 2025-1994 A RESOLUTION TO APPROVE A FIVE-YEAR AGREEMENT WITH THE FAYETTEVILLE ADVERTISING AND PROMOTION COMMISSION TO FURNISH COLLECTION AND ACCOUNTING SERVICES FOR THE HOTEL, MOTEL, AND RESTAURANT TAXES COLLECTED FOR THE A & P COMMISSION FOR A FEE OF 2% OF SUCH COLLECTIONS WITH AN AUTOMATIC RENEWAL FOR AN ADDITIONAL FIVE-YEAR TERM WHEREAS, the City of Fayetteville has long collected the Hotel, Motel and Restaurant tax for the A & P Commission for a fee of 2% of such collections and it is time to renew that agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves and authorizes Mayor Rawn to sign the attached Agreement with the Fayetteville Advertising and Promotion Commission to furnish collection and accounting services for the Hotel, Motel and Restaurant taxes for 2% of the amount collected. 21 October