Central City Council approves adjustable device fees
The City Council of Central City approved adjustable device fees for City casinos at its regular meeting on Tuesday, December 3 in the City Hall. Finance Director Shannon Flowers presented an ordinance that would increase the current $5 device fee for marketing Central City events and casinos. Device fees are levied on City casinos for their machines and tables.
In her request Flowers said the City Council approved an ordinance in 2011 imposing a marketing device fee in the amount of $5 per month per device to fund advertising and marketing costs incurred by the Central City Business Improvement District (CCBID). The ordinance extends the device fee through 2014.
It also makes the amount of the fee adustable with a base of $5 per device per month to a maximum of $7 per dev ice per month. During 2013, the number of gaming devices in the city decreased significantly, leaving a deficit in the amount of marketing fee revenue of about $35,000.
To ensure the amount collected through the marketing device fee is sufficient to cover the costs incurred by the CCBID for advertising and events, the amount charged for the marketing fee will be based on the current number of devices in the City and will fluctuate between $5 per device and $7 per device. The CCBID will have a maximum budget amount for costs over which they will not go to make sure that the amount charged each month will collect sufficient revenues.
The amount of the monthly device fee will be determined by the current number of devices in the city and the total projected amount needed by the CCBID to cover marketing expenses. The 2014 budget allocates $153,746 for marketing and events, of which $50,000 is the City’s contribution to events and marketing.
A total of $103,746 needs to be collected through 2014. The Council approved the ordinance unanimously.
2013 Budget expenses
Flowers presented a resolution appropriating additional sums of money to defray expenses in excess of 2013 budgeted amounts. During 2013, three of the City’s funds had unanticipated expeditures and require supplemental budget appropriations. The General Fund needs $338,000 in appropriations for debt service transfer, the Nevada Street rock wall project, and marketing and events.
The Historic Preservation Fund needs $725,000 for the Lawrence Street waterline project and a correction in a formula error. Impact fees need $5,960 for issuance of a rebate, for a total of $1,068,960. The Council approved the resolution.
Gilpin History Report
Council member Gloria Gaines presented the annual report for Gilpin History, developed by Herman Gaines. “Gilpin County had a successful year,” she said.
“We still aren’t making enough profit to completely maintain ourselves alone, but status quo was once again maintained financially while accomplishing a couple of major projects on the Thomas House property,” Gaines said. The Thomas House has been updated and reorganized in preparation for the 2014 season. “Grant monies were an essential part of these projects.”
Eight events were promoted and took place through Gilpin History, which hosted private groups and tours. They also collaborated with the Central City Opera for walking tours, the Central City Business Association for the Creepy Crawl, and for the Wild Bunch shows on the street during the summer.
New exhibits were offered in the Schoolhouse Museum and Washington Hall. A new annual event, “Quirky Tales of Gilpin County,” radio station 1859, was established in cooperation with the St. James United Methodist Church.
The next meeting of the Central City Council will be on Tuesday, December 17, at 7 p.m. in the City Hall at 141 Nevada Street.