HomeMy WebLinkAboutResolution - 2022-R0394 - Allocation of Hotel Occupancy Tax Revenues for FY 2022-23Resolution No. 2022-RO394
Item No. 6.7
September 13, 2022
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
29.67797percent
Visiting Participatory & Spectator Sports Marketing
13.81600 percent
North Overton TIF Conference Center Debt Service
4.11311 percent
Civic Lubbock, Inc.
5.92120 percent
Buddy & Maria Elena Holly Plaza Debt Service
1.00872 percent
Transfer to Civic Center Capital
3.07960 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.
TRAY PA E, MAYOR
ATTEST:
Rebe ca Garza, City Sec
APPROVED AS TO CONTENT:
D. u Kost ich,
Chief Financial Officer
APPROVED AS TO FORM:
Amy L s,
Dep City Attorney
RES. Hotel -Motel 22-23