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A resolution imposing an additional fee on the sales price of services and tangible personal property sold at retail within the Downtown Central Business Improvement District, and to authorize an advisory committee of retail business operators regarding the use of the additional fee.
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WHEREAS, the Metropolitan Government of Nashville and Davidson County ("Metro") is vitally interested in the economic welfare within the area of the Metropolitan Government and wishes to provide the leadership necessary to enhance this area's capabilities for growth and development; and
WHEREAS, in accordance with Tenn. Code Ann. ? 7-88-117, the Metropolitan Council adopted Resolution No. RS2013-873 on October 15, 2013 to impose an additional fee of twenty-five hundredths percent (.25%) (the "Additional Fee") on the sales price of services and tangible personal property sold at retail within a central business improvement district ("CBID") located within a tourism development zone to be deposited into the event and marketing fund to assist in the recruitment of major conventions and group meetings, the improvement of promotion, and to provide additional focused security in the Downtown CBID; and
WHEREAS, on March 7, 2017, the Metropolitan Council adopted BL2017-580 creating the Downtown CBID and authorizing a District Management Corporation to oversee the provision of services and projects within and for the CBID; and
WHEREAS, on January 20, 2009, adopted RS2009-603 establishing the Music City Center Tourism Development Zone encompassing the Downtown CBID; and
WHEREAS, on May 18, 2021, Governor Lee signed House Bill No. 811 / Senate Bill No. 424 to increase the amount of the Additional Fee by twenty-five hundredths percent (0.25%) (the "New Additional Fee") to be deposited into the Nashville District Management Corporation Fund of the Metropolitan Government to be used to promote safety and cleanliness in the Downtown CBID; and
WHEREAS, it is in the interest and we...
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