HomeMy WebLinkAboutOrdinance - 9136-1987 - Amending Chapter 28 Code Of Ordinances Section 28-166. - 11/12/1987I ll,
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First Reading
November 12, 1987
Agenda Item #5-B
Second Reading
November 19, 1987
Agenda Item #16
II DGV:js ORDINANCE NO. 9136
I: " fl AN ORDINANCE AMENDING CHAPTER 28 OF THE CODE OF ORDINANCES OF THE CITY
!I OF LUBBOCK, TEXAS, BY ADDING THERETO A NEW SECTION 28-166 ALLOWING CERTAIN ii BUSINESSES SUBJECT TO CITY OF LUBBOCK RESOLUTION NO. 2679 TO RECEIVE AS-i' SISTANCE IN PAYMENT OF PRO RATA CHARGE PURSUANT TO SAID RESOLUTION; PROVID-
11 ING A SAVINGS CLAUSE; AND PROVIDING FOR PUBLICATION.
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WHEREAS, the City Council of the City of Lubbock, Texas, deems it to
be in the best interest of the citizens of the City of Lubbock to permit as-
sistance in the payment of the 11pro rata11 charge for water and sewer service
pursuant to Resolution No. 2679 ; NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT Chapter 28 of the Code of Ordinances of the City of
Lubbock, Texas, BE and is hereby amended by adding thereto a new Section 28-
166, which shall read as follows:
Sec. 28-166. Infrastructure development assistance.
Businesses qualified for infrastructure development assistance
pursuant to the provisions of City of Lubbock Resolution No. 2679
may receive whole or partial assistance in payment of the fees charged
as water and sewer pro rata by terms of this Article pursuant to the
terms of said Resolution.
SECTION 2. THAT should any paragraph, sentence, clause, phrase or
word of this Ordinance be declared unconstitutional or invalid for any rea-
son, the remainder of this Ordinance shall not be affected thereby.
SECTION 3. THAT the City Secretary is hereby authorized to cause pub-
lication of the descriptive caption of this Ordinance as an alternative
method provided by law.
AND IT IS SO ORDERED.
-Passed by City Council on first reading this 12th
1987. day of November
-Passed by City Council on second reading this 19th
1987. day of November
. C .k e );u,,,. l e •
.C. McMINN, MAYOR
---AFFE
·-APPROVED ~AS TO CONTENT:
~a~ Bob Cass, Deputy City Manager
APPROVED AS TO FORM: /l
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C. Ross, Jr., City Attorney
Ordinance #9136
The following criteria shall be used by the City Manager or his
designee in determining eligibility for LP&L economic development
assistance:
1. No assistance will be authorized for retail or public pur-
pose facilities. Ratings for other types of facilities will
be as follows:
commercial -10 points
industrial -20 points
2. Creation of new jobs:
1-10 new jobs -10 points
11-20 new jobs -15 points
Each new job thereafter -.5 points
3. Annual payroll:
$100,000-$500,000 -10 points
$500,001-$800,000 -15 points
Each additional $100,000 - 2 points
4. Additions to property tax base:
$500,000-$1,000,000 -5 points
$1,000,000-$2,000,000 -10 points
Each additional $100,000 -.5 points
Eligibility scores shall be interpreted as follows:
35 points -$50,000
Each additional 5 points -$10,000
Maximum eligibility will be confined to $150,000.
EXHIBIT A