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HomeMy WebLinkAbout03-3368 ord7¸: ? BUDGET AMENDMENT - HOTEL/MOTEL ROOM OCCUPANCY FUND ORDINANCE NO. 03-3368 AN ORDINANCE OF THE CITY OF PLAINVIEW AMENDING ORDINANCE NO. 02-3350 TO APPROPRIATE FUNDS IN THE HOTEL/MOTEL ROOM OCCUPANCY FUND IN THE 2002 - 2003 BUDGET TO INCREASE ESTIMATED HOTEL TAX REVENUE TO EQUAL APPROVED CONVENTION AND VISITORS BUREAU BUDGET ("CVB"); TO INCREASE SPECIAL PROJECTS ACCOUNT FOR MAIN STREET STRATEGIC PLAN; TO INCREASE EXPENDITURES FOR CVB PASS THRU MONIES AND PROJECTED CVB ALLOCATION; CLAUSE; AND EFFECTIVE DATE. CUMULATIVENESS CLAUSE; SEVERABILITY CLAUSE; CONFLICTS WHEREAS, on September 24, 2002, through the adoption of Ordinance No. 02- 3350, the Plainview City Council approved the 2002-2003 Budget; and WHEREAS, the Budget is a general guideline for revenue and expenditures and may require periodic amendments; and WHEREAS, the Plainview City Council has determined a need to budget additional funds to increase estimated hotel occupancy tax revenue to equal the Chamber of Commerce/Convention & Visitors Bureau budget; and WHEREAS, the Plainview City Council at its November 26, 2002 City Council meeting approved to release the unencumbered balance of $40,000 of hotel/motel tax for improvements as stated in the Main Street Strategic plan; and WHEREAS, the Plainview City Council has determined a need to increase expenditures' for pass thru obligations as approved in the Chamber of Commerce/Convention & Visitor's Bureau budget; WHEREAS, the Plainview City Council has determined a need to increase the projected CVB allocations as approved in the Chamber of Commerce/Convention & Visitor's Bureau budget; NOW, THEREFORE, THE CITY OF PLAINVIEW HEREBY ORDAINS that the 2002-2003 Budget is amended to appropriate additional revenues of $43,570 and expenses of $51,200 in the hotel/motel room occupancy fund. Ordinance No. 03-3368 Budget Amendment Hotel/Motel Room Occupancy Fund Page 1 of 3 7¸8, Section I 2002 - 03 New Amended Account No. Budget Appropriation Budqet 004-00-5152 [$135,000] [$43,570] [$178,570] 004-03-6527 $3,000 $40,000 $ 43,000 004-03-6529.01 $-0- $5,700 $5,700 004-03-6529 $94,500 $5,500 $100,000 Section II Provisions of this Ordinance are cumulative and nothing herein shall prevent, alter, or diminish the applicability or enforcement Of other Ordinances restricting, regulating, or governing the subject matter herein. Section III If any section, subsection, sentence, clause, phrase, or portion of this Ordinance is for any reason held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct, and independent provision, and such holding shall not affect the validity of the remaining portions hereof. Section IV All Ordinances or portions of any Ordinance of the City of Plainview, Texas, in conflict herewith, are hereby amended to conform with the provision hereof. Section V This ordinance shall be of full force and effect upon its passage. PASSED AND APPROVED on first reading this 11th day of February, 2003. PASSED AND APPROVED on second reading this 25th day of February, 2003. Belinda Hinojosa City Secretary Ordinance No. 03-3368 Budget Amendment Hotel/Motel Room Occupancy Fund Page 2 of 3 9 APPROVED AS TO CONTENT: City Manager APPROVED AS TO FORM: Wally Hatch' City Attorney CERTIFICATION AS TO AVAILABILITY OF FUNDS: Budl,get Manager Ordinance No. 03-3368 Budget Amendment Hotel/Motel Room Occupancy Fund Page 3 of 3