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09132011 VB ROUNDTABLEPresented to Virginia Beach City Council September 13, 2011 Linwood Branch, Chairman Hampton Roads Chamber of Commerce- Virginia Beach Division Virginia Beach Roundtable Chair History of the Virginia Beach Roundtable The Virginia Beach Roundtable is an informal affiliation of ? business and leadership groups that held its first meeting in 1999. The group’s first initiative was the development of a ? campaign that stressed the importance of economic development and visitor attraction in the fall of 1999. Other Virginia Beach Roundtable activities have included: ? City Council candidate interviews, get out to vote campaigns, voter attitude research, involvement in the Oceana BRAC process and development of business priorities for City Council’s consideration. Organizations Participation in the Virginia Beach Roundtable Central Business District Association ? HRACRE ? Hampton Roads Chamber of Commerce ? Hampton Roads Realtors Association ? Virginia Beach Hotel Motel Association ? Retail Alliance ? Tidewater Builders ? Virginia Beach Vision ? The 2011 Virginia Beach Roundtable Process June 22 -First 2011 Virginia Beach Roundtable meeting ? to discuss priorities. “Green Light” session to develop priorities list. Additional feedback sought via email. July 14 -Consensus developed in two categories. First ? category –local City Council business community priorities for consideration. Next –business community recommendations for State Legislative priorities. The 2011 Virginia Beach Roundtable Process July 14-August 4: Additional feedback sought from the ? leadership of the eight participating organizations. Final revisions made to prioritization list. Approval secured from participating organizations. August 5 -Results of 2011-2012 process communicated ? via letter and delivered prior to City Council meeting. Priorities/2011-2012Local Initiative Local Initiative Convention Center Hotel/Resort Entertainment 1. Complex Development Public/Private Partnerships to enhance economic 2. prosperity and public investment in infrastructure SGA parking development 3. Requested Inclusion in State Legislative Priorities Package for 2012 1. Long term sustainable revenue source for transportation 2. Defined contribution plan in lieu of defined benefit plan/enabling legislation to require local option to modify retirement service and age qualification Requested Inclusion in State Legislative Priorities Package for 2012 3. Operational funds secured for passenger rail and state funding for Appomattox rail bridge replacement 4. Tax reform –elimination of BPOL, Machinery and Tools and Merchants Capital Tax throughout the Commonwealth contingent upon a replacement source of revenue sufficient to maintain local revenue at current levels. (example –sales tax reform) Conclusion –The 2011-2012 priorities were developed in an inclusive process that involved several meetings as well as online polling of leadership from the participating entities. We believe that these are the CONSENSUS views of the broad-based business interests in Virginia Beach. Our organizations look forward to working with our . elected leadership and staff in the months ahead Questions?