HomeMy WebLinkAboutOrdinance - 9689-1994 - Amedning Section 26-22 Subsection (B)(2) Hotel Occupancy - 03/10/1994First Reading
March 10, 1994
Item #20
Second Reading
April 14, 1994
Item f/36
ORDINANCE NO. 9689
AN ORDINANCE AMENDING SECTION 26·22, SUBSECTION (b)(2) OF THE
ODE OF ORDINANCES OF THE CITY OF LUBBOCK, TEXAS, Wim REGARD TO ~LOCATION OF HOTEL OCCUPANCY TAX REVENUES~ PROVIDING A SAVINGS
CLAUSE; AND PROVIDING FOR PUBLICATION.
WHEREAS, the present debt service payments for Civic Center improvements will be
ompleted in fiscal year 1993-94; and
WHEREAS, the Resolution No. 3869 of the City Council for the City ofLubbock
resolved that the excess portion of the hoteVmotel tax revenue allocated for debt service, which 1 s not necessary to retire the debt service, be allocated for Civic Center improvements; and
WHEREAS, $475,000.00 has been allocated from Fund 1221 (Reserve for Convention
d Tourism Capital Projects) for funding Phase Two of the Civic Center RoofProject; and
WHEREAS, the Civic Center continues to provide for the entertainment needs of the
itizens of Lubbock through events and activities which promote culture and improve the quality
bflife; NOW TIIEREFORE: I~E IT ORDAINED BY TilE CITY COUNCIL OF TilE CITY OF LUBBOCK:
I. SECTION 1. THAT Subsection (b)(2) of Section 26-22 of the Code of Ordinances of
the City of Lubbock, Texas, be amended to read as follows:
(2) The funds received from the tax levied under Subsection (a) shall be
distributed as follows :
Reserve for arts and related items
Debt service for convention center facilities
Convention and tourism activities
General Fund for civic center operations
Reserve for special projects
Reserve for convention and tourism
capital projects
Convention and tourism incentive
1/2 cent
2 1/4 cents*
3 1/4 cents
4/10 cent
1/10 cent
114 cent
1/4 cent
• any excess over the amount necessary to retire the debt service payments shall be
reallocated in the following manner:
a. Until October 1, 1994, any excess shall be allocated to Civic Center
improvements as provided in the 1993-1994 budget.
b. After October 1, 1994, the first $475,000.00 shall be allocated to the
"Reserve for Convention and Tourism Capital Projects"; and then any
additional funds shall be allocated to Civic Center improvements.
SECTION 2. THAT should any paragraph, sentence, clause, phrase or word of this
f-1 rdinance be declared unconstitutional or invalid for any reason, the remainder of this
y rdinance shall not be affected thereby.
I SECTION 3. THAT the City Secretary is hereby authorized and directed to cause the
publication of the descriptive caption of this Ordinance as an alternative method of publication
provided by law.
AND IT IS SO ORDERED.
J etty . John ity Secretary
PROVED AS TO CONTENT: l u~
Mark Hindman,
birector of Support Services
b PROVED AS TO FORM:
.--r.---.~--L-~ c ~~
Linda L. Chamales, Assistant City
t«\ttomey L.~~ ~April4,1994
- 2 -
1994.
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