By Glynis Crawford Smith
The Highlander
The Marble Falls City Council acted Tuesday night, Dec. 6, to tie up one more detail necessary before final announcement of the hotel operater to be involved in the $25.3 million downtown hotel/conference center project.
The council and the EDC will meet again Dec. 20 to consider bonds for the project and, as EDC Executive Director Christian Fletcher has expressed the hope an announcement of the hotel operator would be a “Christmas present,” the identity of that flagship company could be close at hand.
The detail completed Tuesday by the council was approval of a five-year Hotel Occupancy Tax Reimbursement Agreement with Novak Cobalt Partners, LLC, for 50 percent of taxes collected from the hotel.
