HomeMy WebLinkAboutPayment SamplesLTACAGREEMENT FOR 2025 HOTEL-MOTEL FUNDING FOR TOURISM SERVICES
PAYMENT OPTIONS
LUMP SUM SECTION 3: RESPONSIBILITY OF JEFFERSON COUNTY
1. The COUNTY will provide ****** funding from Hotel-Motel Tax receipts to be used in support of their responsibilities as defined under this agreement.
2. Said funding is in the sum of $15,000 for 2025. Payment is to be predicated on submittal of reports defined in Section 2. Payment will be made by the COUNTY upon receipt of an invoice
on the next available billing cycle.
LUMP SUM SECTION 3: RESPONSIBILITY OF JEFFERSON COUNTY
1. The *** shall use its capabilities and utilize up to $12,000 of funding provided under this agreement to continue and update the ongoing performance of the following tourism promotion
services consistent with the Itemized List of Proposed Tourism Promotion Services and Lodging Tax Budget a copy of which is incorporated herein and attached hereto as Exhibit A:
2. Said funding is in the sum of $12,000 for 2025. Payment is to be predicated on submittal of reports defined in Section 2. Payment will be made by the COUNTY upon receipt of an invoice
on the next available billing cycle
SEMI-ANNUAL SECTION 3: RESPONSIBILITY OF JEFFERSON COUNTY
1. The COUNTY will provide the **** funding from Hotel-Motel Tax receipts to be used in support of their responsibilities as defined under this agreement.
2. Said funding is in the sum of $50,000 for 2025. Semi-annual payments of $25,000 will be made in the first and third quarter of 2025. Payments are to be predicated on submittal of
reports defined in Section 2. Payment will be made by the COUNTY upon receipt of an invoice on the next available billing cycle.
INVOICING SECTION 3: RESPONSIBILITY OF JEFFERSON COUNTY
1. The COUNTY will provide the *** funding from Hotel-Motel Tax receipts to be used in support of their responsibilities as defined under this agreement.
2. Said funding is in the sum of $275,000 for 2025. Payment is to be predicated on submittal of reports defined in Section 2. Except as provided below in Paragraph 3, payment will be
made by the COUNTY upon receipt of an invoice on the next available billing cycle.
3. The County shall establish a Fund 125 revolving checking account, and the County Administrator’s Office may use it to pay time-sensitive orders and invoices for services consistent
with this Agreement, and that require payment sooner than a normal County billing cycle