HomeMy WebLinkAboutResolution - 2021-R0361 - Allocation of Hotel Occupancy Tax Revenues FY 2021-22 - 9.14.21Resolution No. 2021-R0361
Item No. 8.4
September 14, 2021
RESOLUTION
WHEREAS, the City Council of the City of Lubbock, by Ordinance No. 2002-00049,
amended Subsection 18.03.001(b)(2) of the Code of Ordinances of the City of Lubbock 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 18.03.001(a) of the Code
of Ordinances of the City of Lubbock, net of collection expenses, shall be distributed
as follows:
Convention & Tourism Bureau 42.38340 percent
Civic Center Operations/Marketing 27.87369 percent
Visiting Participatory & Spectator Sports Marketing 13.81600 percent
North Overton TIF Conference Center Debt Service 4.93054 percent
Civic Lubbock, Inc. 5.92120 percent
Buddy & Maria Elena Holly Plaza Debt Service 1.34559 percent
Transfer to Civic Center Capital 3.72958 percent
Total 100.00000 percent
2. THAT to the extent revenue is collected, each of the above entities will receive 100
percent of actual revenue at the percentage indicated.
Passed by the City Council on September 14, 2021
te-11,
ATTEST:
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Retie ca Garza, City Se et
APPROVED AS TO CONTENT:
u Kostelich, Chief i ial Officer
APPROVED AS TO FORM:
City
DANIEL M. POPE, MAYOR
RES.Hotel-Motel 21-22