Any hotel business subject to this tax that locates or relocates within the corporate limits of the City with a newly constructed hotel having fifty (50) or more guest rooms after the effective date of this section shall be eligible for a one hundred percent (100%) exemption from the application of this tax for six (6) years after the beginning of business.
Any such business deserving to qualify for the exemption herein shall apply for the same to the City Manager, who shall review the same and advise Council concerning the applicability of such exemption. (Ord. 10-15-02.)