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Ord 068-2007 7/17/2007 ORDINANCE NO. — ORDINANCE OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, WAIVING THE FIVE PERCENT PENALTY AS ESTABLISHED BY SECTION 98-96 OF THE CODE OF ORDINANCES FOR THE HOLIDAY INN FOR FAILURE TO PAY HOTEL/MOTEL TAXES DUE TO THE CITY FOR A PERIOD OF SIXTY DAYS; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, City Ordinance requires the City to assess a five percent penalty for late payment of Hotel/Motel Occupancy Taxes; and WHEREAS, the Holiday Inn has requested that the City waive this late payment penalty for their July and August 2007 payments as a result of the recent flood disaster; and WHEREAS, the Holiday Inn has a long history of timely payments of Hotel/Motel Taxes. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The City hereby waives the five percent penalty as established by Section 98-96 of the Code of Ordinances for the Holiday Inn for failure to pay its Hotel/Motel Taxes for a period of sixty days. SECTION 2. It is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public as required by law. PASSED AND APPROVED this the 17th day of July, 2007. MAYOR ATTEST: ity Clerk