HomeMy WebLinkAboutResolution - 2002-R0097 - Resolution Amending Changes To LP&L Infrastructure Fund - 03/14/2002Resolution No. 2002—R 0097
March 14, 2002
Item No. 29
RESOLUTION
WHEREAS, the City Council of the City of Lubbock finds that it would be in the
best interest of the citizens of the City of Lubbock to make changes to the Lubbock
Power and Light Infrastructure Fund authorized by Resolution No. 6084, enacted October
22, 1998; and
WHEREAS, said fund is created pursuant to Section 380.001 of the Texas Local
Government Code; and
WHEREAS, the purpose of the fund authorized by Resolution 6084 and
continued by this present Resolution shall be to provide public infrastructure
improvements when such improvements will aid or assist in the location, development or
expansion of business activity within the City of Lubbock, which business activity will
create new jobs, additional payroll or increase the tax base within the City of Lubbock, to
provide additional improvements to the Central Business District; and
WHEREAS, Recreation, Parks, Entertainment and Cultural Affairs Goal No. 1 is
to revitalize downtown Lubbock as a focal point for entertainment, arts, and business, and
Goal 4 is to coordinate and consolidate marketing efforts for the promotion of Lubbock
and the region as a visitor destination, and Lubbock Power and Light as part of its
business acquisition and retention program to improve the strengths of the City of
Lubbock in its economic development activities; and
WHEREAS, the City Council finds that the location, retention or expansion of
business within the City of Lubbock which accomplishes the above goals will add to the
quality of life within the City of Lubbock and further will provide for the betterment
of the general welfare of the citizens of the City of Lubbock and as such, provide a public
purpose. NOW THEREFORE;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT Section 3 of Resolution No. 6084 is hereby repealed and is
replaced in its entirety with the following:
" SECTION 3. THAT such Lubbock Power & Light economic
development funds shall also be used to meet the goals of the "Goals for
Lubbock, a Vision into the 21" Century" with regard to the Central
Business District, Broadway Corridor, Depot District and the Main Street
Corridor by providing the following additional improvements in those
areas:
a) building facade renovation;
b) sidewalks and sidewalk renovation; and
c) landscaping. "
SECTION 2. THAT Exhibit B of Resolution No. 6084 is hereby repealed and is
replaced in its entirety with the following
"EXHIBIT B
The following criteria shall be used by the City Manager or his designee
in determining eligibility for Lubbock Power & Light economic
development funds in accordance with Section 3 of Resolution 6084, as
amended by this resolution. No projects shall be funded following the end
of fiscal year 2002.
1. Disbursement of these funds shall be limited to the following
targeted areas.
Broadway Corridor: Those properties fronting on Broadway from
University Avenue to Martin Luther King
Boulevard.
Central Business: Those properties fronting on Avenue Q from 4th
Street to Broadway.
Depot District: Those properties located within the Depot District, which
is described as follows:
Starting at the intersection of 16th Street and Interstate 27; thence
south along Interstate 27 to 23 d Street; thence west on 23 d Street
to the alley between Avenue 0 and H,• thence north on the alley
between Avenue G and H to 19'h Street; thence west on 19'h Street
to the alley between Avenues H and Texas; thence north on the
alley between Avenue H and Texas to 16"' Street; thence east on
16'h Street to the point of beginning.
Main Street Corridor: Those properties fronting on Main Street from
Avenue Q to Avenue F.
2. Available funding shall be based upon $250 per front linear foot
up to a maximum LP&L contribution of $25, 000. "
Passed by the City Council this 14th day of March , 2002.
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WINDY SITTO , MAYOR
ATTEST:
Rebecca Garza, City Secretary
APPROVED AS TO CONTENT:
Pauf Thompson,
Managing Director of Electric Utilities
APPROVED AS TO FORM:
Mathew L. Wade
Assistant City Attorney