HomeMy WebLinkAboutResolution - 2009-R0355 - Distribute Hotel Occupancy Tax Revenue - 08/27/2009Resolution No.2009-R0355
August 27, 2009
Item No.6.8
RESOLUTION
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WHEREAS,the City Council of the City of Lubbock, by Ordinance No. 2002-
O0049,amended Subsection 26-22(b)(2)to allow for 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 of Lubbock to adjust the 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 26-22(a)of the
Code of Ordinances of the City of Lubbock shall be distributed as follows:
Civic Center Operations/Marketing
Convention &Tourism Bureau
Visiting Participatory &Spectator Sports Marketing
Civic Lubbock,Inc.
Buddy & Maria Elena Holly Plaza Debt Service
North Overton TIF Conference Center Debt Service
34.07525 percent
37.96186 percent
12.03814 percent
5.71429 percent
2.36676 percent
7.84370 percent
Total 100.00 percent
2.THAT to the extent revenue is collected,each of the above entities will receive
100%of actual revenue at the percentage indicated.
Passed by the City Council this 27th day of August,2009.
TOM is
ATTEST:
dU^.
Rebecca Garza,City Secretary
lAPPROVED AS TO CONTENT
Andy Burcham,
Chief Financial Officer
X:/city att/Linda/RES- 2009 Hotel/Motel
\ugust 7,2009
TOM MARTIN,MAYOR
APPROVED AS TO FORM:
Linda L Chamales,
Economic Development Attorney