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(e) 'The marketing of the Seattle: Southside TPA region to the travel industry in order <br />to benefit local tourism and the lodging businesses in the Seattle Soutliside'l"'PA; <br />(d) The marketing of the Seattle Southside 'TPA region to recruit sporting events in <br />order to promote localtourism and to benefit the Lodging Businesses and tourism industry <br />within the Seattle Southside 'TPA; and <br />(e) Direct administration, operation, formation, and start -LIP costs associated with the <br />Seattle: Southside TPA and the ongoing manageineElt and maintenance of the Seattle Southside <br />TPA. prograrn, including but not limited to staff costs, public notice advertising, legal costs, <br />accounting and auditing (including audits of the Parties and the SSR7'A as they relate to this <br />Agreement), as approved by the SSRTA Board of Directors, Provided no funds will be used for <br />costs not directly related to operation of the Seattle Southside TPA, this Agreement, or the: <br />SSRTA. <br />Section 6. Lodging Taxes. The Patties intend to commit lodging tax revenues to <br />fund regional tourism marketing by contracting with the SSRTA, or successor entity. The <br />Parties intend the rnininium annual funding levels to be set according to the following table: <br />OXMIURIUMM1111,11 MMM 4 t I Lao IMM 1.11 -IMM JL I <br />Year <br />SeaTac <br />'Tukwila <br />Des Moines <br />2014 <br />$835,000 <br />$712,000 <br />100% of monthly lodging tax receipts <br />2015 <br />$460,000 <br />$405,000 <br />100% of monthly lodging tax receipts <br />2016 <br />— <br />$337,500 <br />1 00%, ofmonthly lodging tax receipts <br />2017 <br />—$383,333 <br />$306,666 <br />$270,000 <br />100% of monthly lodging Lax receipts <br />2018 and beyond <br />$230,000 <br />$202,500 <br />100% of monthly lodging tax receipts <br />The exact amount <br />of funding for <br />2014 will be pro <br />-rated based upon the actual date of <br />establishment of the SSR.T.A. <br />Notwithstanding the foregoing, the Parties acknowledge and agree that the final <br />allocation, uses, and level of lodging tax revenue is subject to the provisions of chapter 67.28 <br />RCC. Recognizing that R.CW 67.2 .1816 requires that the annual expenditures of the respective <br />City's lodging tax be approved by the respective city council (based on a recommendation from <br />its respective lodging tax advisory committee) this Agreement provides no guarantee that fature <br />city councils will approve future funding. <br />'The Parties further recognize that TLikwila. has financial obligations in place to operate <br />SSVS. Tukwila tnay, at its, sole discretion and absolute authority, reduce the annual payment to <br />the SSR1"'A in order to meet obligations and liabilities associated with the operation of SSVS,, <br />including, but not limited to, labor, lease costs, payment of utilities, and other contracts executed <br />in support of SSVS by Tukwila. <br />M <br />120 <br />