HomeMy WebLinkAboutResolution - 2018-R0312 - Allocation Of Hotel Occupancy Tax Revenues - 09/13/2018Resolution No. 20 I 8-R03 I 2
Item No. 7.4
September 13, 2018 RESOLUTION
WHEREAS, the City Council of the City of Lubbock, by Ordinance No. 2002-
00049, amended Subsecti on 18.03.00 I (b)(2) of the Code of Ordinances of the City of
Lubbock to allow fo r 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 or Lubbock to adjust the cunent allocati on of hotel occupancy tax
revenues; NOW THEREFORE,
BE TT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LU BBOCK:
I. THAT the funds received from the tax levied under Section 18.03.00l (a) of the
Code of Ordinances of the City of Lubbock, net of collection expenses, shall
be distributed as follows:
Convention & Tourism Bureau
Civic Center Operations/Marketing
Visiting Participatory & Spectator Spotts Marke ting
North Overton TTF Conference Center Debt Service
Civic Lubbock, Tnc.
Transfer to CIP -Civic Center
Buddy & Mari a Elena Holly Plaza Debt Service
Total
42.38340 percent
23.05041 percent
13 .81600 percent
6.63654 percent
5.92120 percent
6 .94357 percent
1.24888perccnt
I 00.00000 percent
2. THAT to the extent revenue is collected , each of the above entities will receive
100% of actual revenue at the percentage indicated.
DANIEL M. POPE, MAYOR
ATTEST:
APPROVED AS TO CONTENT:
D.
APPROVED AS TO FORM: