2019-003 - Designating the Love Civic Center as a Venue Project under Chapter 334 of the Texas Local Government Code

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WHEREAS, if the Comptroller determines under Section 334.022 and 334.023 that the implementation of this Resolution will not have a significant fiscal impact on state revenue, the City Council will call an election on the Venue Project designated in Section 2 below, and allow the voters of the City to vote for or against the Venue Project and the imposition of the Venue Hotel Occupancy Tax as described herein for the financing thereof, and WHEREAS, it is hereby officially found and determined that the meeting at which this Resolution was passed was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Chapter 551, Texas Government Code. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: SECTION 1. INTENTION TO PROVIDE FOR A VENUE PROJECT. The City Council does hereby adopt this Resolution to provide for the planning, acquisition, establishment, development, construction, renovation, operation or maintenance of a "Venue Project" as defined by Chapter 334, and as described herein, and to provide for the financing thereof by the imposition of the Venue Hotel Occupancy Tax as set forth in Section 3, together with any other lawfully available funds, to fund the Venue Project designated in Section 2 below as authorized by Chapter 334, upon approval of this Venue Project and the method of financing thereof, by the voters of the City at an election to be called by the City Council. SECTION 2. DESIGNATION OF THE VENUE PROJECT. The City Council does hereby designate the following project authorized by Section 334.001(4)(B) of Chapter 334 as a "Venue Project" and hereby declares its intention to finance and to provide for the planning, acquisition, establishment, development, construction, renovation, operation or maintenance thereof, all pursuant to authority granted by Chapter 334 (referred to herein as the "Venue Project"): the renovation, repair and other improvement of the City's Love Civic Center, which is located at 2025 S. Collegiate Drive, Paris, Texas 75460-7853. SECTION 3. DESIGNATION OF THE METHOD OF FINANCING FOR THE VENUE PROJECT. The City Council is proposing to finance the Venue Project, if approved by the voters, through the imposition of an additional hotel occupancy tax at a rate not to exceed two percent (2%), which will be in addition to the seven percent (7%) hotel occupancy tax currently collected by the City in accordance with Chapter 251, Texas Tax Code. In connection with the issuance of any bonds or other obligations for the Venue Project, the City may, within its discretion, utilize other lawfully available funds in addition to Venue Hotel Occupancy Tax approved by the voters to finance the Venue Project. SECTION 4. AUTHORIZING AND DIRECTING CITY MANAGER TO SUBMIT RESOLUTION TO STATE COMPTROLLER. The City Council does hereby authorize and direct the City Manager to submit a copy of this Resolution to the State Comptroller, as required by the provisions of Section 334.022 of the Code, for her review and analysis as required by the provisions of such Section. Upon receipt of notice from the Comptroller that she has determined that implementation of this Resolution will not have a significant negative impact on state revenue, the City Manager is authorized and directed to bring before the City Council for its