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17-09 - RTOWN OF PROSPER, TEXAS RESOLUTION NO. 17-09 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, CALLING UPON THE 85TH TEXAS LEGISLATURE TO ENACT LEGISLATION THAT WOULD PERMIT THE TOWN OF PROSPER TO UTILIZE THE FUTURE COLLECTION OF HOTEL OCCUPANCY TAXES AND OTHER RELATED TAXES FOR THOSE ECONOMIC DEVELOPMENT PURPOSES AUTHORIZED BY SUBCHAPTER B OF CHAPTER 351 OF THE TEXAS TAX CODE; MAKING FINDINGS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town of Prosper is a thriving community located in two of the fastest growing counties in the nation; and WHEREAS, tourism and hospitality have been central to the economic prosperity of the North Texas region; and WHEREAS, Subchapter B of Chapter 351 of the Texas Tax Code provides, in part, that certain authorized municipalities may utilize hotel occupancy taxes for specific purposes to promote tourism and the convention and hotel industry, including a wide array of tourist, cultural, artistic, and special exhibitions and projects specifically enumerated in Section 351.101 of the Texas Tax Code; and WHEREAS, in order to avail itself of the economic development options related to the use of hotel occupancy taxes contained in Subchapter B of Chapter 351 of the Texas Tax Code, the Town of Prosper must specifically be included as an "eligible central municipality," as that term is defined in Section 351.102 of the Texas Tax Code; and WHEREAS, it is the desire of the Town to have the option of considering the economic development alternatives provided for in Subchapter B of Chapter 351 of the Texas Tax Code and to do so, it must specifically be included in legislation authorizing such alternatives. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 All of the above premises are found to be true and correct and are incorporated into the body of this Resolution as if copied in their entirety. SECTION 2 The Town of Prosper hereby fully endorses the introduction of legislation in the 85th Texas Legislature amending Section 351.102 of the Texas Tax Code to include the Town as an eligible central municipality relative to the uses of hotel occupancy tax proceeds as authorized by Chapter 351 of the Texas Tax Code. SECTION 3 Any and all resolutions, rules, regulations, policies, or provisions in conflict with the provisions of this Resolution are hereby repealed and rescinded to the extent of any conflict herewith. SECTION 6 This Resolution shall be effective from and after its passage by the Town Council. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, Tbfft7! ON THIS 6TH DAY OF FEBRUARY, 2017. ow C�--yy 90 r o -k Ray Smith, Mayor � 9 � p O V � AT T:'° d ,% Robyn ttle, Town Secretary Resolution No. 17-09, Page 2