HomeMy WebLinkAboutResolution - 2016-R0315 - Approve Distribution Of Hotel Occupancy Tax Revenue - 09/08/2016Resolution No.2016-R0315
Item No.6.4
September 8,2016 RESOLUTION
WHEREAS,the City Council of the City of Lubbock, by Ordinance No. 2002-
O0049,amended Subsection 18.03.001(b)(2)of the Code of Ordinances of the City of
Lubbock to allow forallocation 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 adjustthe 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
Civic Center Operations/Marketing
Visiting Participatory & Spectator Sports Marketing
North Overton TIF Conference Center Debt Service
Transfer to CIP -Buddy Holly Center
Civic Lubbock,Inc.
Transfer to CIP -Civic Center Renovation
Buddy &Maria Elena Holly Plaza Debt Service
Total
38.63691
24.37385
12.10454
7.99771
1.83155
5.92120
7.77239
1.36185
percent
percent
percent
percent
percent
percent
percent
percent
100.00000 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:
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Rebecca Garza,City Secretary
APPROVED AS TO CONTENT:
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Cheryl Brock,Executive Director of Budget
APPROVED
RRS.Hotel-Motel 16-17 (8-25-16)