Hotel Tax Revenues Prioritized to Harris Development Authority

Pine Mountain’s hotel motel tax revenues are prioritized to the Harris Development Authority to service revenue bonds funding infrastructure improvements that benefit Callaway and related tourism enterprises. The Town transfers net tax proceeds to the Authority at Callaway’s direction for ongoing debt obligations.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

While bonds issued for infrastructure improvements benefiting Callaway or related businesses remain outstanding

Renewal

Payments continue as long as the referenced revenue bonds are outstanding; after bond retirement, hotel motel tax proceeds will be reallocated by mutual agreement under an amended or annually approved MOU.

Document type

Minutes

Source document

Town of Pine Mountain Minutes Work Session 2026-03-09

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Pine Mountain?

Harris Development Authority was awarded this financial services contract by Town of Pine Mountain, as recorded on March 9, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Pine Mountain Minutes Work Session 2026-03-09 (Minutes), dated March 9, 2026 from Town of Pine Mountain. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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