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� . 3 - �D� <br /> Assessments would be determined at a level lower than the previous fiscal yeaz's occupancy rate. <br /> For properties with over 20 rooms throughout the county, with the exception of Half Mon Bay and <br /> the unincorporated areas, a 70% occupancy rate would be used. For properties over 20 rooms in <br /> Half Moon Bay and in the uriincorporated areas, a 50% occupancy rate would be used. For all <br /> properties in the county with under 20 rooms, a 30% occupancy rate would be used. Each city <br /> would collect the money from the properties when Transient Occupancy Tax (TOT) money is <br /> collected. The money would be passed on to the Bureau to market the county in keeping with the � <br /> written agreement between the Bureau and the cities participating in the district. The Bureau would <br /> no longer ask contributing cities for a percentage of the TOT collected in their properties. <br /> Fiscal Impact <br /> Savings of approximately $33,000 annually, which represents what the City presently pays the <br /> Bureau out of our TOT. This expense will no longer be necessary. <br /> � <br /> agda A. Go lez Ed "erett '. <br /> Assistant to the City Manager City Manager <br /> Attachment: <br /> Timeline � <br />