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HomeMy WebLinkAboutResolution - 2005-R0432 - Adjust Allocation Of Hotel Occupancy Tax Revenue - 09/08/2005Resolution No. 2005-RO432 September 8, 2005 Item 29 RESOLUTION WHEREAS, the City Council of the City of Lubbock, by Ordinance No. 2002- 00049, 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 Services facility renovation 17.58571 percent Civic Center Operations/Marketing 8.18571 percent Convention & Tourism Bureau 45.50000 percent Civic Lubbock, Inc. 5.71429 percent Municipal Arts Administration 5.71429 percent Visitor Information Center Depot 2.87143 percent Visiting Participatory & Spectator Sports 14.42857 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; and 3. THAT administration of the Cultural Arts Grants shall be transferred from the Lubbock Arts Alliance to Civic Lubbock, Inc. at the end of the current contract with Lubbock Arts Alliance: and 4. THAT administration of the Inbound Tourist Travel funds - Airport funds shall be transferred to the Convention and Tourism Bureau. Passed by the City Council this 8th day of Sep temb9f, 2005. MARC MCDOOGAL, MAYOR ATTEST: Re ecca Garza, City Secretary APPROVED AS TO CONTENT: -C,Q,t' dgG� Lee n Dumbauld, CFO/ Assistant City Manager APPROVED AS TO FORM: Linda L. Chamales, Senior Attorney / Office Practice LC:: city att/Linda/RES- 2005 Hotel, Motel August 29, 2005