One hundred percent of the revenues derived from the imposition of the hotel and motel tax shall be expended by the city for the acquisition of sites for, or construction, improving or maintaining of recreation, convention, cultural or entertainment facilities, including, but not limited to, memorial buildings, halls and monuments, civic center convention buildings, auditoriums, coliseums and parking areas or facilities located at those recreation, convention, cultural or entertainment facilities or the payment of principal and interest, when due, on bonds or other evidence of indebtedness issued by the city for those recreation, convention, cultural or entertainment facilities to promotion and encouragement of tourist and convention business in the city and surrounding area.
(Ord. C-390, passed 11-18-2003)