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Twin City Gateway Visitor Bureau FAQ 7-24-24(updated 10-16-24) <br /> Is there any cost to the city associated with the City implementing a lodging tax? <br /> NO <br /> How much city staff time would be needed to implement a lodging tax? Time to <br /> put Council / EDA cases together. Adopt a Resolution. TC Gateway to hold hands <br /> on this process (Attend meetings, etc.) <br /> How long until it would be operational (Lodging tax would be received by City for <br /> use)? A date can be set to begin collection. Typically, January 1 is a good date to <br /> start <br /> Does money go directly to hotels or does City need to forward it to them? Hotel <br /> collects 3% lodging tax, they send the entire amount to us. (monthly) <br /> How much money can the City of Ramsey expect to receive annually (less what is <br /> provided to Visitors Bureau) and what could the City use it for? City would keep <br /> 5% of total lodging tax receipts ($6,900 estimate, 138K total estimate based on <br /> Arden Hills). Administrative cost to wherever we want. Fridley dedicated this to its <br /> tourism related activities. <br /> Annual City Grants approved by Visitor Bureau for City Events? <br /> $5,000 year one. Possibly up to $18,000 after that. Could use for Happy Days <br /> Are VRBO or Air BNB's be subject to Lodging tax? NO. No other cities in Visitors <br /> Bureau implement lodging tax on VRBO's <br /> Can the City opt out any time? A year's notice required by Visitor Bureau. Al <br /> checking on state statutory requirements, could be less time <br /> Additional Questions /information following August EDA meeting <br /> Can you send a draft resolution to implement the 3% lodging tax for the City of <br /> Ramsey in a Word Document? Lino Lakes provided a Copy of its Ordinance <br /> Creating a Lodging Tax. Al Provided the Code adopted by Waconia. If the Council <br /> directs staff to move forward with implementation of a lodging tax, our City <br />