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Title:
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Ordinance approving the service plans, assessment plans and updated assessment rolls for the Corpus Christi Tourism Public Improvement District (“TPID”) as required under Texas Local Government Code Chapter 372; maintaining the existing assessment rate of 2.0% on taxable room revenue generated by hotels with 40 or more rooms within the district; and allocating the assessment rate collections into a special fund for marketing and promotion efforts directly related to hotels within Corpus Christi (TPID collection is not a city fund). (6 votes required)
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