AGENDIZED RESOLUTION. From the San Mateo County Supervisors meeting on June 8th, 2021 at 9:00am by Zoom.
“Adopt a resolution authorizing allocation and payment of $277,671 to the City of Half Moon Bay to mitigate claimed reduction in Transient Occupancy Tax Revenue resulting from the County of San Mateo’s acquisition of property to address health risks posed by the COVID-19 public health emergency to those experiencing homelessness.”
“WHEREAS, notwithstanding the foregoing, in light of the many shared interests of the County of San Mateo and Half Moon Bay and the County’s desire to partner with Half Moon Bay and other cities within the County in addressing the homelessness crisis, and given the recommendation of County staff, this Board has concluded that it is appropriate to allocate and to pay to the City of Half Moon Bay an amount not to exceed a total of $277,671 for the period FY 2021-22 to FY 2023-24 to mitigate the claimed loss of the transient occupancy tax revenue that the City of Half Moon Bay may incur as a consequence of the Coastside Inn ceasing to operate as a hotel.
NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that $277,671 is hereby allocated to the City of Half Moon Bay to mitigate the loss of transient occupancy tax revenue that the City of Half Moon Bay may incur as a consequence of the Coastside Inn ceasing to operate as a hotel, and County staff is authorized and directed to take necessary and appropriate actions to pay these allocated funds to the City of Half Moon Bay.”
Full Resolution20210608_r_HMB TOT (1)