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HomeMy WebLinkAbout2020-08-17 Planning and Economic Development MinutesCouncilmembers Present: Thomas McLeod, Kathy Hougardy, Zak Idan StoffPresent: Rachel Bianchi, Brandon Miles, Derek Speck Chair McLeod called the meeting to order at 5:30 p.m. I. BUSINESSAGENDA A. Current Economic Development Vision Staff presented an overview of the current policies, vision and goals guiding Economic Development staff work. Committee Recommendation Discussion only. B. Agreement: Southside Promise Staff is seeking Council approval of an agreement with Seattle Southside Chamber of Commerce in an amount not to exceed $50,000 for the Southside Promise initiative, providing COVID-19 recovery assistance. Committee Recommendation Unanimous approval. Forward to August 24, 2020 Special Consent Agenda. C. Lodging Tax Uses and Process Staff provided a briefing on the allowable uses and associated procedures for lodging tax revenue. Committee Recommendation Forward to COW for discussion. D. Lodging Tax Use History Staff provided a briefing on the historical usage of lodging tax funds. Committee Recommendation Discussion only. Planning & Economic Development Committee Minutes.....................................................................................August 17, 2020 E. Lodging Tax Revenue & Ending Fund Balance Forecast Staff provided revised lodging tax revenue forecasts for 2020-2026, reflecting COVID-19 impacts. Items requiring follow-up Provide updates as lodging tax revenue is received. Committee Recommendation Discussion only. F. Business License Fee Deferral Committee members and staff discussed the implications of a business license fee deferral program. Committee Recommendation Forward to August 24, 2020 Committee of the Whole for discussion. II. MISCELLANEOUS The meeting adjourned of 6:37 p.m. Committee Chair Approval Minutes by DS