HomeMy WebLinkAboutResolution - 5075 - Repeal & Replacement Of R#2679 - Public Infrastructure Improvements - 01/11/1996Resolution No. 5075
January 11, 1996
Item #30
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 created by Resolution No. 2679, enacted November 12, 1987; and
WHEREAS, the purpose of the fund established by Resolution No. 2679 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; and
WHEREAS, the "Goals for Lubbock, A Vision into the 21 st Century" provides in Land
and Urban Design Goal No. 5 to "Establish a positive identity for downtown Lubbock, including
the Central Business District, the Broadway Corridor and the Depot District as the civic, cultural,
entertainment, governmental and financial center of the City"; 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
WHEREAS, the City Council finds that the location 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 THAT Resolution No. 2679 is hereby repealed and is replaced in its entirety
by this Resolution which continues the fund of the City of Lubbock known as the Lubbock
Power and Light Infrastructure Development Fund.
SECTION 2. THAT such fund shall be used to provide public infrastructure
improvements throughout the City of Lubbock, such as, but not limited to, the following
a) curb and gutter improvements,
b) street and paving improvements,
C) water and sewer improvements,
d) public lighting improvements, and
e) other public improvements normally provided
by the City of Lubbock.
SECTION 3. THAT such funds also shall be used to meet the goals of the "Goals for
Lubbock, a Vision into the 21 st Century with regard to the Central Business District, Broadway
Corridor and the Depot District by providing the following additional improvements in those
areas:
a) building facade renovation, and
b) sidewalks and sidewalk renovation.
�i SECTION 4. THAT the City Manager or his designee may utilize moneys from this fund
to aid or assist in the location of new business or the expansion of other business when City
infrastructure improvements are needed to bring about such new business or expansion.
SECTION 5. THAT the City Manager or his designee shall be authorized to expend
moneys from this fund for the purposes set forth in accordance with the criteria set forth in
i Exhibit A for Section 2 city-wide infrastructure improvements and in accordance with the criteria
set forth in Exhibit B for Section 3 infrastructure improvements in the special districts indicated
in Exhibit B. Exhibits A and B are made a part hereof for all intents and purposes. {
SECTION 6. THAT the City Manager or his designee is authorized to continue the
allocation of moneys to this Fund through the regular City of Lubbock budgetary process.
SECTION 7. THAT no moneys expended hereunder shall be used for any purpose other
than the installation or improvement of pull ras Lure facilities as herein described.
l Passed by the City Council this 1Ididay of,-.Tanuar 1 K96.
j ATTEST:
Betty Johnson, ity Secretary
APPROVED AS TO CONTENT:
obert Massengale,
Managing Director of Electric Utilities
APPROVED AS TO FORK.
Wald G. Vandiver,
First Assistant City Attorney
ddres/ccdocs/1 p&1 fund. res
December 4, 1995
W
VID R. LAWSTON, YII\YOR
EXHIBIT A
The following criteria shall be used by the City Manager or his designee in
determining the eligibility for Lubbock Power & Light for LP&L infrastructure assistance
in accordance with Section 2:
1. No assistance will be authorized for retail facilities. Ratings for other types
of facilities will be as follows:
commercial - 10 points
industrial - 20 points
2. Creation of new jobs:
1-10 new jobs - 10 points
11-20 new jobs - 15 points
Each new job thereafter - 5 paints
3. Annual Payroll:
$100,0004500,000 - 10 points
$500,0014800,000 - 15 points
Each additional $100,000 - 2 points
4. Additions to Property Tax Base:
$500,000-$1,000,000 - 5 points
$1,000,001442,000,000 - 10 points
Each additional $100,000 - .5 points
Eligibility scores shall be interpreted as follows:
35 points - $50,000
Each additional 5 points - $10,000
Maximum eligibility will be confined to $ 150,000
ddres/ccdocs/fundA. doc
December 4, 1995
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:
e1ON10
Disbursement of these funds shall be limited to the following targeted
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 23rd Street; thence west on 23rd Street to the alley between
Avenues G and H; thence north on the alley between Avenues G and H to 19th
Street; thence west on 19th Street to the alley between Avenues H and Texas;
thence north on the alley between Avenues H and Texas to 16th Street; thence
east on 16th Street to the point of beginning.
2. Available funding shall be based upon $250 per front linear foot up to a
maximum of $25,000.
3. Infrastructure funding is subject to proof of project completion.
4. Improvements are subject to review and approval by the Urban Design
Commission for compatibility with Urban Design guidelines for the target areas.
ddres/ecdocs/fundMoc
December 4, 1995