Steamboat City Council to review winter air service agreement
February 13, 2012
Steamboat Springs — The Steamboat Springs City Council on Tuesday night will consider an amendment to the winter air service contribution agreement between the Local Marketing District and Steamboat Ski and Resort Corp.
The amendment establishes that Ski Corp. will contribute no less than $1,111,732 annually for the five-year term of the 0.25 percent sales tax Steamboat voters approved last November to supplement the winter air service program. The program provides revenue guarantees to airlines that fly into Yampa Valley Regional Airport during ski season.
The tax is expected to generate an estimated $1.3 million annually. It will be collected and remitted by the city, which will take a 1 percent fee to cover administrative costs. A separate lodging tax generated in the Local Marketing District and, to a lesser degree, contributions from the Steamboat Springs Chamber Resort Association's Fly Steamboat program also support winter air service revenue guarantees.
According to the proposed revised agreement, Ski Corp. will continue to negotiate the revenue guarantees with airlines. The Local Marketing District will submit by May 15 a proposed budget reflecting the maximum potential costs before each winter season.
The agreement also indicates that any winter air service tax revenue not used will be placed in a reserve account.
Also Tuesday, the City Council will hear a report about allocations for special event funding from the Steamboat Springs Chamber Resort Association, which was awarded $100,000 this year. Council members will consider resolutions supporting a $35,000 local government planning grant for the Howelsen Emerald Mountain Park Master Plan, which requires a $15,000 match, of which $14,000 has been pledged by the Emerald Mountain Partnership. They also will consider appointing Bill Stuart to the Local Marketing District board of directors.
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The meeting begins at 5 p.m. at Centennial Hall. Public comment is scheduled for 7 p.m.
To reach Jack Weinstein, call 970-871-4203 or email jweinstein@SteamboatToday.com