HomeMy WebLinkAboutResolution - 2000-R0090 - Authorize Transfer Of Funds To Lubbock Convention And Visitors Bureau - 03/23/2000Resolution No. 2000 -R0090 -
March 23, 2000
Item No. 45
RESOLUTION
WHEREAS, in 1999 the Lubbock Convention and Visitors Bureau bid for and was
awarded a contract to host the Miss Texas USA Pageant through 2003; and
WHEREAS, one of the requirements of the said contract is an obligation on the part of
the Lubbock Convention and Visitors Bureau to provide supplemental lighting over and above
the lighting then in the inventory of the Municipal Auditoriums lighting inventory; and
WHEREAS, the cost to the Lubbock Convention and Visitors Bureau for renting the
supplemental lighting over the life of the contract is estimated to be Two Hundred Sixty Six
Thousand and no/100 Dollars ($266,000.00); and
WHEREAS, the cost of purchasing the supplemental lighting equipment is estimated to
be One Hundred Twenty Six Thousand and no/100 Dollars ($126,000.00); and
WHEREAS, the Lubbock Convention and Visitors Bureau has proposed the purchase
of the supplemental lighting. Forty Two Thousand and no/100 Dollars ($42,000.00) of the
purchase price is proposed to be transferred to the Lubbock Convention and Visitors Bureau
from the Hotel Motel Tax Reserve with a requirement that Lubbock Convention and Visitors
Bureau reimburse the Hotel Motel Tax Reserve over the nest two years; and
WHEREAS, the City Council of the City of Lubbock finds that the proposed transfer
and use of Forty Two Thousand and no/100 Dollars ($42,000.00) from the Hotel Motel Tax
Reserve complies with the requirements of Tax code Section 351.101; and
WHEREAS, the Lubbock Hotel Motel Association has expressed its support for the use
of funds from the Hotel Motel Tax Reserve for the purchase of the supplemental lighting;
NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized on behalf of the
City of Lubbock to transfer funds in the amount of Eight Four Thousand and no/100 Dollars
($84,000.00) to the Lubbock Convention and Visitors Bureau for the purchase and installation
of lighting equipment for the Municipal Auditorium that is required for the Miss Texas USA
Pageant. These funds would be transferred from the Hotel Motel Tax Reserve Fund in the
amount of Forty Two Thousand and no/100 Dollars ($42,000.00) to be repaid by the
Convention Bureau over a two (2) year period and from an existing capital project in the
amount of Forty Two Thousand and no/100 Dollars ($42,000.00) from the General Facilities
and System Improvements Fund.
Passed by the City Council this 23rd IWI
March 00.
"SITFON, MAYOW
Page 1 of 2
APPROVED AS TO CONTENT:
J&mow Avs�l
Tommy Go#zalez
Managing Director Civic Services
APPROVED AS TO FORM:
n
.--t.-&l.
Assistant City Attorney
JMK:cp Ccdocs/MissTexasPageantRes
March 15, 2000
Page 2 of 2