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Voters approve the venue district's hotel and vehicle rental taxes (1998, as described in 2020 minutes)
In December 2020 Assistant City Manager Laura Storrs told the venue district board that in 1998 voters approved two funding sources, the hotel occupancy tax and the vehicle rental tax, to pay for debt issued for two projects, the Amarillo National Center (ANC) and the north end of the Civic Center, and that the two taxes can only support maintenance, operations and debt for those projects. The district's bond counsel said in May 2021 that its lease with the City was established in 1998. No 1998 election record was fetched for this storyline; the date and terms here are as described in the minutes.[1][2]
What the sources say
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Laura Storrs, Assistant City Manager: The December 7, 2020 minutes record Assistant City Manager Laura Storrs explaining that "in 1998 the voters approved funding sources to pay for debt issuances associated with two projects, the Amarillo National Center (ANC) and the north end of the Civic Center," and that the hotel occupancy tax and vehicle rental tax "can only support the payment of the maintenance and operations and the debt associated with these two projects." [1]
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Bob Dransfield, bond counsel (Norton Rose Fulbright): At the May 20, 2021 special meeting the district's bond counsel, Bob Dransfield, said the district's lease with the City was established in 1998 and first amended in 2016 to extend it to 2045. [2]
