HomeMy WebLinkAboutResolution - 2018-R0098 - Civic Cener Headquarters Hotel - 02/22/2018Resolution No. 2018-R0098
Item No. 4.2
March 8, 2018
RESOLUTION
WHEREAS, on December 3, 2001, the City Council of the City of Lubbock (the "City
Council") authorized and established the Central Business District Tax Increment
Financing Reinvestment Zone Board (the "TIF Board") for, among other things, to generate
funds for Downtown Lubbock public improvements that benefit the City of Lubbock (the
"City"), its residents, and property owners; and
WHEREAS, at its meeting on February 28, 2018, the TIF Board heard a briefing from City
Staff addressing the City Council's desire that the TIF Board be responsible for exercising
oversight of a project to bring a Civic Center Headquarters Hotel to Downtown Lubbock,
with such oversight including, but not being limited to, conducting open and competitive
procurement processes, negotiating various documents related to the civic center
headquarters hotel project, reviewing the status of the civic center hotel project, and
updating City staff and City Council on the progress of the civic center hotel project; and
NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
1. THAT the City Council hereby directs the Central Business District Tax Increment
Financing Reinvestment Zone Board to exercising oversight on a project to bring a Civic
Center Headquarters Hotel to Downtown Lubbock, with such oversight including, but not
being limited to, conducting competitive procurement processes, negotiating various
documents related to the project, reviewing the status of the project, presenting
recommendations to the City Council for consideration and updating the public City Staff
and City Council on the progress of the project in order to promote the finance and project
plans of the Board, to promote local economic development, and to stimulate business and
commercial activity in Downtown Lubbock.
2. THAT the City Council hereby directs City Staff, under the direction of the City
Manager, to participate with and support the Central Business District Tax Increment
Financing Reinvestment Zone Board in its oversight on a project to bring a Civic Center
Headquarters Hotel to Downtown Lubbock.
Passed by the City Council on March 8, 2018
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DANIEL M. POPE, MAYOR
ATTEST:
Garza, City Secretary
APPROVED AS TO CONTENT:
D. Blu Kostelieh, Chief Fin-a-fit—ial Officer
APPROVED AS TO FORM:
ccdocs/RES. Adoption — CBD TIF Recommendation — Oversight of Civic Center Hotel Project
February 28, 2018