The MRV LOT Objectives are:
Reinvest in the MRV so it remains attractive for future generations who will continue to enrich the community and sustain its quality of life.
Provide a more seasonably balanced customer base for our businesses.
What MRV LOT Does
Provide a reliable source of funds to sustain the future of the Valley’s resources, support economic vitality, and enrich the quality of life for all its residents and visitors.
Establish a transparent and accountable group representing the broad interests of Valley residents, towns, and businesses to oversee the distribution of these funds and report on the resulting tangible and measurable results.
What will the MRV LOT be used for?
The MRV LOT will fund the investment categories as suggested on the subsequent pages, click menu tab at top of page, along with smaller amounts for a reserve fund and administrative functions. Grants will be awarded by the MRV LOT Commission, and they will consider annual as well as multiyear requests. At the end of each year, any undistributed funds from any of the categories will be rolled into the reserve. The use of the reserve is dictated by the MRV LOT Commission By-Laws.
On the subsequent pages, assumptions have been made to fund four major categories, Housing through the Mad River Valley Housing Coalition, Transportation through the Mad River Valley Transportation Advisory committee, Recreation through the Mad River Valley Recreation District and Destination Marketing through the Mad River Valley Chamber of Commerce.
Towns can also access funds as well as other entities within the Mad River Valley. All funds will be awarded through a public grant process overseen by the MRV LOT Commission. The major criteria for any grant is that the funds must be used for the benefit for the Mad River Valley community.