HomeMy WebLinkAboutResolution - 2011-R0402 - Distribute Hotel Occupancy Tax Revenues - 09/08/2011Resolution No.2011-R0402
September 8, 2011
Item No.6.5
RESOLUTION
WHEREAS,the City Council of the City of Lubbock,by Ordinance No.2002-00049.
amended Section 18.03.002(b)(2)[formerly known as Section 26-22(b)(2)]to allow for allocation
of Hotel Occupancy Tax Revenues by Resolution;and
WHEREAS,the City Council of the City of Lubbock deems it to be in the best interest of
the citizens of Lubbock to adjust the current allocation of hotel occupancy tax revenues;NOW
THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
1.THAT the funds received from the tax levied under Section 18.03.002(a)of the Code of
Ordinances of the City of Lubbock shall be distributed as follows:
Civic Center Operations/Marketing
Convention &Tourism Bureau
Visiting Participatory &Spectator Sports Marketing
Civic Lubbock,Inc.
Buddy &Maria Elena Holly Plaza Debt Service
North Overton TIF Conference Center Debt Service
Transfer to CIP-Auditorium
Total
13.80866
38.17125
12.10454
5.92120
2.21016
7.32964
20.45455
percent
percent
percent
percent
percent
percent
percent
100.00 percent
2.THAT to the extent revenue is collected,each of the above entities will receive 100%of
actual revenue at the percentage indicated.
Passed by the City Council on
ATTEST:
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Rebecca Garza, City Secretary
APPROVED AS TO CONTENT:
Andy Burcham,
Chief Financial Officer
LC: /city att/Linda/RES-2011 Hotcl.Motcl -8.29.1
September 8 .,2011
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TOM MARTIN,MAYOR
APPROVE D AS )FORM:
/
4rV-
Linda L Chamales,
Economic Development Attorney