CONVENTION CENTER HOTEL TOURISM DEVELOPMENT ZONE

Memphis Code of Ordinances tit. 12, ch. 12-100

in effect

Memphis Code of Ordinances § 12-100-1 Designation as qualified public use facility.

Sec. 12-100-1. - Designation as qualified public use facility. The hotel development is hereby designated as a qualified public use facility (collectively, the "Convention Center Hotel QPUF") pursuant to and in accordance with Tenn. Code Ann. title 67, chapter 4, part 30 (as amended from time to time, hereinafter in this chapter called the "Act"). (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-2 Creation of district.

Sec. 12-100-2. - Creation of district. There is created the convention center hotel surcharge district (the "district") in accordance with the Act. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-3 District boundaries.

Sec. 12-100-3. - District boundaries. The district created by this chapter shall be comprised of the area located in the city within the following boundaries: Parcel l (Hotel Site): Legal Description of Land Land situated in Shelby County, Tennessee: Parcel 1 Tract 1 Being a survey of part of the City of Memphis property as recorded in Instrument U2-8944 at the Shelby County Register's Office located in Memphis, Tennessee and being more particularly described as follows: Beginning at a point on the east line of North Main Street (82.5 ft. right-of-way), said point being 24.98 feet south of the extended south line of Market Avenue (66 ft. right-of-way); thence northwardly along a curve to the right having a radius of 25.00 feet an arc distance of 39.25 feet (chord N65°34'21"E - 35.34 feet) to a point of tangency on the south line of Market Avenue; thence S69°27'10" along said south line a distance of 274.11 feet to a point of curvature; thence along a curve to the right, having a radius of 25.00 feet an arc distance of 39.22 feet (chord S24°26'09"E - 35.37 feet) to a point of tangency on the west line of Second Avenue (66 ft. right-of-way); thence S20°34'53"W along the west line of Second Avenue a distance of 225.51 feet to a point of curvature; thence along a curve to the right having a radius of 25.00 feet and an are length of 39.26 feet (chord S65°34'09"W -35.35 feet) to a point on the north line of Exchange A venue (106 ft. right-of-way); thence N69°26'36"W along the north line of Exchange Avenue a distance of 249.19 feet to a point; thence N20°35'53"E a distance of 80.00 feet to a point; thence N69°26'36"W a distance of 50.00 feet to a point on the east line of said North Main Street; thence N20°35'53"E along the east line of North Main Street a distance of 170.48 feet to the point of beginning. Tract 11 Pedestrian crossing easement. Being a pedestrian crossing across North Main Street (82.5 foot right-of-way), being 77.87 feet south of the south line of Market Avenue (66 foot right-of-way) and being more particularly described as follows: Commencing at the intersection of the south line of Market Street (66 foot right-of-way) and the east line of north Main Street (82.5 foot right-of-way); thence S20°35'53"W along the east line of North main Street, a distance of 77.87 feet to the Point of Beginning; thence S20°35'53"W and continuing along the east line of North Main Street, a distance of 29.50 feet to a point; thence N68°56'18"W, a distance of 7.52 feet to a point; thence S64°53'15"W, a distance of 14.76 feet to a point; thence N69°15'23"W, a distance of 45.23 feet to a point; thence N25°15'16"W a distance of 14.45 feet to a point; thence N69°57'42"W a distance of 9.08 feet to a point, said point being the west line of North Main Street; thence N20°35'53"E along the west line of North Main Street a distance of 29.85 feet to a point; thence S70°35'14"E a distance of 9.44 feet to a point; thence N65°29'33"E a distance of 35.04 feet to a point; thence S69°37'14"E a distance of 15.52 feet to a point; thence S24°36'03"E a distance of 35.60 feet to a point; thence S69°56'31"E a distance of 7.55 feet to the point of beginning. The underside and top of the structure occupying the described area is at 13.9' and 35.8' above the finish floor of the hotel at the west entrance. Parcel 2 Tract 1 Beginning at a point on the east line of north Main Street (82.5' right-of-way), said point being 25.02 feet north of the extended north line of Market Avenue (66' right-of-way); thence N20°35'53"E along the east line of North Main Street a distance of 174.14 feet to point; thence N61°18'21"E a distance of 20.58 feet to a point on the south line of Winchester Avenue (50' right-of-way); thence S89°38'57"E along the south line of Winchester Avenue a distance of 158.85 feet to a point; thence S20°34'56"W a distance of 269.59 feet to a point the north line of said Market Avenue; thence N69°27'10"W along the north line of Market Avenue a distance of 137.51 feet to a point of curvature; thence along a curve to the right having a radius of 25.00 feet and an arc length of 39.29 feet (chord N24°25'39"W - 35.37 feet) to the point of beginning. Tract II Beginning at a point on the east line of North Main Street (82.5' R.O.W.), said point being 24.98 feet south of the south line of Market Avenue (66' R.O.W.); thence along the east line of said North Main Street, N20°35'53"E a distance of 116.00 feet to a point; thence leaving the east line of said North Main Street and along a curve to the left, having a radius of 25.00 feet and an arc length of 39.29 feet (chord = S24°25'39"E - 35.37 feet) to a point, said point being on the north line of said Market Avenue; thence along the north line of said Market Avenue, S69°27'10"E a distance of 274.17 feet to a point; thence along a curve to the left, having a radius of 25.00 feet and an arc length of 39.22 feet (Chord - N65°36'11"E - 35.32 feet) to a point, said point being on the west line of Second Avenue (66' R.O.W.); thence along the west line of said Second Avenue, S20°37'38"W a distance of 115.97 feet to a point; thence leaving said Second Avenue and along a curve to the left, having a radius of 25.00 feet and an arc length of 39.28 feet (chord = N24°26'09"W - 35.37 feet) to a point, said point being on the south line of said Market Avenue; thence along the south line of said Market Avenue, N69°27'10"W a distance of 274.11 feet to a point; thence along a curve to the left, having a radius of 25.00 feet and an arc length of 39.25 feet (chord = S65°34'21"W a distance of 35.34 feet to the point of beginning. Municipal Address | Tax Parcel ID 250 North Main Street, Memphis, Tennessee | 001030 00001L 0 Market Avenue, Memphis, Tennessee | 001029 00004 0 Market Avenue, Memphis, Tennessee | 001029 00005 0 Market Avenue, Memphis, Tennessee | 001030 00002 0 Market Avenue, Memphis, Tennessee | 001030 00003 Market Avenue, Memphis, Tennessee | 001030 00001Z (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-4 Surcharge assessment.

Sec. 12-100-4. - Surcharge assessment. The making of sales (as such term is defined in the Act) by engaging in any business (as such term is defined in the Act), except for those businesses exempt under Tenn. Code Ann. title 67, chapter 4, part 712, in the district is declared to be a privilege. All such sales shall be subject to the surcharge assessment provided in this chapter and the city hereby levies such surcharge on all sales. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-5 Surcharge assessment rate.

Sec. 12-100-5. - Surcharge assessment rate. The surcharge levied by this section shall be equal to five percent of the sales price (as such term is defined in the Act). (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-6 Mandatory registration, filing of returns, payment of surcharge and licensing.

Sec. 12-100-6. - Mandatory registration, filing of returns, payment of surcharge and licensing. All persons carrying on business (as such term is defined by the Act) in the district, and all persons who may hereafter carry on business in the district, shall register with the city treasurer for the purpose of assessment and collection of the surcharge. All persons so registered shall file a return detailing Sales for the prior month and surcharge collected on account of such Sales on or before the 20th day of each calendar month and shall remit all surcharge collected during such month, together with any delinquent payments of surcharge, with such return. Each person who files a return and remits the appropriate amount of surcharge shall be granted a license which such person shall display within their place of business. The city treasurer is hereby authorized and directed to develop the forms for registration and filing monthly returns, as well as rules and regulations regarding the filing of the same. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-7 Delinquent payments.

Sec. 12-100-7. - Delinquent payments. Any nonpayment or delinquent payment of any surcharge shall be subject to the rights and remedies described in chapter 5-24 of the Memphis City Code. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-8 Allocation and use of revenues.

Sec. 12-100-8. - Allocation and use of revenues. All revenues received by the city as a result of the surcharge, except for the reasonable expenses of the city treasurer incurred as a result of its administrative duties under this chapter which shall not exceed one percent of such revenues, shall be designated for, and allocated to the payment of the cost of renovation and potential expansion of the Convention Center Hotel QPUF, including, without limitation, all debt issued or incurred in the acquisition, construction, leasing, renovation and equipping of the Convention Center Hotel QPUF, including principal, interest and other fees and charges. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-9 Remittance of revenues.

Sec. 12-100-9. - Remittance of revenues. On or before the 15th day of each month, the city treasurer shall remit all revenues received during the prior month, less the aforedescribed administrative fee, to CCRFC or its assignee. CCRFC, or its assignee, is hereby directed to deposit such revenues in accordance with the Act and any agreements governing the payment or reimbursement of costs incurred, or debt issued or incurred by CCRFC to finance or refinance costs, in connection with renovation and potential expansion of the Convention Center Hotel QPUF. (Ord. No. 5841, § 1, 12-20-2022)

Memphis Code of Ordinances § 12-100-10 Termination of surcharge.

Sec. 12-100-10. - Termination of surcharge. The surcharge shall continue until terminated as provided in the Act. 1. All actions heretofore undertaken by the mayor or his designee and other officials, employees, attorneys and agents of the city in furtherance of the intent of this resolution, and of the documents authorized by this resolution, are hereby ratified, confirmed and approved. 2. The mayor or his designee and other appropriate officials of the city are hereby authorized to enter into such agreements, and they and other appropriate employees of the city are hereby authorized to execute such certificates or other documents and take such other actions, as may be necessary or appropriate to carry out the intent of this chapter. 3. This chapter shall take effect from and after its adoption, the welfare of the City of Memphis requiring it. (Ord. No. 5841, § 1, 12-20-2022)

Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT12STSIPUPL_CH12-100COCEHOTODEZOFetched: 10/28/2026