5.1
What happened
City CFO Rodrigo Gimenez and CVB Director Blake Henry presented the Council with the new fiscal year 2023-2024 budget.
Why it matters
The Hotel/Motel Occupancy Tax (HOT) Fund and Convention Centre Fund receive the City’s local HOT. Based on the trends and the current economic conditions, the proposed budget projects HOT revenues of $13,253,750.
The total projected expenditures for the combined Hotel Motel and Convention Centre funds are $9,343,684.
What now
The Convention and Visitors Advisory Board will review the budget for the marketing division during the regular meeting scheduled for June 28.
5.2
What happened
A motion to approve Resolution No. 2023-11 authorizing execution of an advance funding agreement with the Texas Department of Transportation for a Transportation Alternatives Set-Aside (TASA) Program Project, specifically PR 100 Bike Lane Improvements.
Motion passed.
Why it matters
On March 31, 2023, the Texas Transportation Commission authorized PR 100 Bike Lane Improvement Project to receive Transportation Alternatives Set-Aside (TASA) funds for project construction and state oversight.
TxDOT and the City are in the process of going out for RFQ for this project. TxDOT has advised the City to submit the construction phase for the 2023 TASA Program. The final application would require a new resolution. This grant requires a 20% Local Match. The budget summary on the agenda shows an estimated construction cost of $794,548 with a local match of $158,910.
What now
The resolution states that the City of South Padre Island commits to providing the match. “The local match is comprised of cash, plus in-kind contributions, if any.”
The bike lane location is between Orca Cr. and the Wind and Water Sports Park.