Laserfiche WebLink
Mr. Tarver asked if the Association could raise the $4,000 to $6,000 in shortfail from <br />the reduced revenue. <br /> <br /> Mr. Coursey felt it would put a greater burden on the promotions committee, but it is <br />constantly coming up with new ideas, such as a jazz and wine festival, which would generate <br />more income. It only takes one event to make up the shortfail from the reduced assessments. <br />They just have to work harder and smarter to make up the loss in revenue. <br /> <br /> Ms. Michelotti questioned reducing the minimum from $75 to $50. That does not seem <br />like a large mount, but she wondered why that was recommended. <br /> <br /> Mr. Coursey indicated they had considered reducing the assessment to $25, but that <br />created an even more significant decrease in revenue. <br /> <br /> Mr. Iremonger indicated there was a large number of business that were reduced from <br />$75 to $50, but that was the way to give businesses in outlying areas a break. <br /> <br /> Ms. Michelotti asked if this was a specific area or based on sales revenue. <br /> <br /> Mr. Iremonger indicated it was based on the business license revenue figures. There are <br />businesses on Main Street that will pay $50, but there are considerably more business off Main <br />Street that will pay $50. <br /> <br /> Ms. Michelotti asked if the $75 was a burden to some business and was that the driving <br />force for the reduction. <br /> <br /> Mr. Coursey indicated that is what they were hearing. Some businesses did not want to <br />be in the District at all. The Board felt that by lowering the fee, it would demonstrate an <br />understanding of the concerns. They wanted to preserve the District and not lose members. <br />Next year, the fee may be reduced from $50 to $25 depending on how effective the promotions <br />committee can be and the type of events that can generate extra income. <br /> <br /> Ms. Michelotti asked that as more income is generated, does this apply across the board <br />to everyone? The objective is to increase general revenue so there is a lower future assessment. <br />Does that mean that all fees will be reduced? <br /> <br /> Mr. Coursey indicated that was possible and each Board would have to make that <br />determination. <br /> <br /> Ms. Michelotti asked if there had been feedback from other members of the association. <br /> <br />08/13/96 <br /> -4- <br /> <br /> <br />