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HomeMy WebLinkAbout17100,• ■� � it ORDINANCE NO. 17,100 •- f AN ORDINANCE AMENDING ORDINANCE NO. 12,353 AND ORDINANCE NO. 13,527 PRESCRIBING THE PURPOSES FOR WHICH THE REVENUES DERIVED FROM THE COLLECTION OF THE TAX MAY BE USED; PRESCRIBING OTHER MATTERS PERTAINING THERETO AND DECLARING AN EMERGENCY. WHEREAS, pursuant to Act 185 of 1965, as amended by Act 123 of 1969, the City of Little Rock, Arkansas (the "City ") adopted Ordinance No. 12,353 on the 4th day of May, 1970 levying, effective July 1, 1970, a tax of one percent upon the gross receipts from the renting, leasing or otherwise furnishing of hotel or motel accommodations for profit in the City and upon the gross receipts of restaurants, cafes, cafeterias and all other establishments engaged in the business of selling prepared food for consumption on the premises of such establishment in the City and providing for other matters, including but not limited to, in Section 2 thereof creating the City Advertising and Promotion Fund into which all taxes collected under Ordinance No. 12,353 are to be deposited and in Section 3 thereof prescribing that the City Advertising and Promotion fund shall be used, in the manner determined by the City Advertising and Promotion Commission, exclusively for the advertisement and promotion of the City and its environs and/or for construction, maintenance, repair and operation of a convention center, including the pledge of revenues therein to the payment of bonds issued under state law; and, WHEREAS, the City adopted Ordinance No. 13,527 on 7th day of November, 1978 levying an additional one per cent tax upon the gross receipts from the -1- HJUAkAPCOMMWrd=.dm 83 0 r renting, leasing or otherwise furnishing of hotel or motel accommodations for profit in the City and upon the gross receipts of restaurants, cafes, cafeterias and all other establishments engaged in the business of selling prepared food for consumption on the premises of such establishment in the City and providing for other matters, including but not limited to, in Section 2 thereof directing that all taxes collected under Ordinance No. 13,527 are to be deposited in and to the City Advertising and Promotion Fund and in Section 3 thereof prescribing that the City Advertising and Promotion fund shall be used, in the manner determined by the City Advertising and Promotion Commission, exclusively for the advertisement and promotion of the City and its environs and/or for construction, maintenance, repair and operation of a convention center, including the pledge of revenues therein to the payment of bonds issued under state law; and, WHEREAS, Act 185 of 1965 has been amended by various enactments and the City now desires to amend Section 3 of Ordinance 12,353 and Section 3 of Ordinance 13,527. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. That Section 3 of Ordinance No. 12,353 be and hereby is amended to read as follows: (a)(1) All funds credited to the City Advertising and Promotion Fund, pursuant to this Ordinance No. 12,353, shall be used for advertising and promoting the City and its environs or for the construction, reconstruction, extension, equipment, improvement, maintenance, repair and operation of a convention center, convention centers, advertising and promotion facilities and facilities necessary for, supporting, or otherwise pertaining to, a convention center or convention centers, or for the payment of the principal of, interest on, and fees and expenses in connection with, bonds issued under state law as shall be determined by the City Advertising and Promotion Commission (hereinafter referred to as the -2- HIKPAWCOMM .d 84 "Commission "). The Commission may also engage such personnel and agencies and incur such administrative costs that it deems necessary to conduct its business. (2) The Commission is the body that determines the use of the City Advertising and Promotion Fund. (b) The Commission is authorized to use or pledge all, or any part of, the revenues derived from the tax levied hereunder, for the purposes prescribed herein. SECTION 2. That Section 3 of Ordinance No. 13,527 be and hereby is amended to read as follows: (a)(1) All funds credited to the City Advertising and Promotion Fund, pursuant to this Ordinance No. 13,527, shall be used for advertising and promoting the City and its environs or for the construction, reconstruction, extension, equipment, improvement, maintenance, repair and operation of a convention center, convention centers, advertising and promotion facilities and facilities necessary for, supporting, or otherwise pertaining to, a convention center or convention centers, or for the payment of the principal of, interest on, and fees and expenses in connection with, bonds issued under state law as shall be determined by the City Advertising and Promotion Commission (hereinafter referred to as the "Commission "). The Commission may also engage such personnel and agencies and incur such administrative costs that it deems necessary to conduct its business. (2) The Commission is the body that determines the use of the City Advertising and Promotion Fund (b) The Commission is authorized to use or pledge all, or any part of, the revenues derived from the tax levied hereunder, for the purposes prescribed herein. SECTION 3. No part of this Ordinance is intended, nor shall it be construed as amending or repealing any part or provisions of Ordinance No. 12,353 or Ordinance No. 13,527, except Section 3 of Ordinance No. 12,353 and Section 3 of Ordinance No. 13,527. All other ordinances and resolutions and part thereof in conflict in whole or in part with any of the provisions of this Ordinance are hereby repealed to the extent of such conflict. -3- HI A%APWMMWdM.doc 85 SECTION 4. The provisions of this Ordinance are hereby declared to be severable. If any provision of this Ordinance shall be held to be invalid or to be inapplicable to any persons or circumstances, such invalidity or inapplicability shall not affect the remainder of the provisions of this Ordinance. SECTION 5. It has been found, and it is hereby declared, that the City badly needs the ability to use and spend the funds credited to the City Advertising and Promotion Fund in accordance with the purposes prescribed herein to continue the development of the City and for the welfare of the inhabitants thereof. This Ordinance, therefore, being necessary for the preservation of the public peace, health and safety, an emergency is declared to exist, and this Ordinance shall be in effect from and after its passage and approval. PASSED: January 16, 1996 ATTES D, D., .d6' /4. APPROVED: City Clerk Robbie Hancock or Jim Dailey -4- HJUMAPCOMMbrdvu.dm 86