Shelby Co. Supervisors to continue discussion on use of Hotel-Motel Tax monies
October 3rd, 2012 by Ric Hanson
The Shelby County Board of Supervisors Tuesday, discussed, but failed to take action on the use of hotel-motel tax funds. The Supervisors will continue discussion on the matter during their next, regularly scheduled meeting, on October 16th. During their session, the Supervisors had discussed continued funding of the tax monies to the Shelby County Chamber of Commerce, but a motion to continue that failed for lack of a second. to receive a second, and died on the table.
In other business, Bob Broomfield, co-chairman of the Shelby County DevelopSource reported to the supervisors about an enterprise zone resolution. Regency Villa apartments are looking to renovate their 24 single bed units. If they are placed in an enterprise zone, they would receive a lower tax bracket. The County is only allowed a certain percentage of acres to be in an enterprise zone, and with 3.4-acres north of the F-S Plant being approved, the County has 127 acres left that can be placed in an enterprise zone.
The Regency Villa renovation project will cost over a million dollars to fully develop. The Board of Supervisors approved the resolution as proposed.