Condo Owner

Volume20 Issue2 2016

Condo Owner publishes information vital to the business and pleasure of resort condominium ownership. Topics covered relate to real estate market trends, community association matters, rental management issues, tax and insurance updates and more.

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S U M M E R 2 0 1 6 • condo owner www.condo-owner.com 11 members proposed $500 while others said $250 was more reasonable. "Our harbor is basically being taken over by these pontoon boats and jet skis," CRA Board Member Tuffy Dixon said. "… I've had many charter boat captains say there is going to be a serious accident." Morgan predicted that strict enforcement of the proposed regulation could reduce the number of unpermitted vendors by half. City planners said the problem stems from an increasing number of property owners on the harbor renting out their parking spaces to mobile vendors who aren't always properly licensed by the city or the county. The CRA's recommendations could go before the City Council in August for further discussion or final approval. panama city beach Panama City Beach Bed Tax Numbers Set Record In May The Bay County Tourist Development h The Bay County Tourist Development i The Bay County Tourist Development l The Bay County Tourist Development Council announced recently that tourism development tax numbers (commonly known development tax numbers (commonly known as the "bed tax") hit another record in May of 2016, besting the previous May mark set in 2015. Bed tax collections increased 1.84 percent compared to May of last year. "This May was the busiest on record in hi "This May was the busiest on record in h "This May was the busiest on record in b "This May was the busiest on record in i "This May was the busiest on record in d "This May was the busiest on record in i "This May was the busiest on record in Panama City Beach's 80 year history," said Panama City Beach's 80 year history," said Visit Panama City Beach President and CEO Dan Rowe. "After a great Fourth of July weekend with families taking in fireworks and picture-perfect weather, we look forward to a continued busy summer season leading into a full schedule of fall events, and lots of fun to round out 2016." The Tourist Development Tax is a five h The Tourist Development Tax is a five i The Tourist Development Tax is a five l The Tourist Development Tax is a five i The Tourist Development Tax is a five fi The Tourist Development Tax is a five The Tourist Development Tax is a five percent bed tax that is collected from a special taxing jurisdiction within Bay County on short-term vacation rentals including hotel short-term vacation rentals including hotel short-term vacation rentals including hotel and condominiums. It is the most accurate ► Association Services Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. Loans are subject to credit approval. Only deposit products are FDIC insured. © 2016, Branch Banking and Trust Company. All rights reserved. Melissa Peters VP, Relationship Manager 251-340-8747 MDPeters@BBandT.com A trusted partner to property managers A trusted partner to property managers and community associations and community associations Fo r 30 yea r s , B B &T A sso ciatio n S e r vice s ha s p rovided solutio ns specifi cally designed to meet the needs of our clients. Call us today to discuss how we can help your association. Payment processing Association loans Payments by ACH and online Coupon books and statements

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