Community Contributions

As a condition of this Special Hotel QC, the QC beneficiary shall make a community contribution to the Authority in an amount equal to 0.5% of the total hotel construction cost. The terms of the community contributions shall be subject to negotiations between the Authority and the developer. Distribution of funds to be approved by the GEDA Board, based on the recommendation of the Administrator, will be to the following areas: (a) funding for the maintenance and upkeep of certain tourist attractions or to support other tourism projects; (b) economic development with a priority on the promotion of industry and small business; and (c) higher education and cultural preservation.