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Resolution - 6734RESOLUTION NO. 6734 A RESOLUTION OF THE CITY.COUNCIL'OF THE CITY OF • WEST COVINA, CALIFORNIA, SUSPENDING ANY INCREASE IN THE AMOUNT OF CONSTRUCTION TAX EQUAL TO THE INCREASE OF THE BASE INDEX IN THE THEN LATEST .AVAILABLE CONSUMER PRICE INDEX FOR THE FISCAL YEAR 1983-84. WHEREAS, the City Council of the City of.West Covina under Ordinance No. 1388, Section 3, applies the Consumer Price Index as prepared and released by the Federal Government or any other government agency for the Los Angeles/ Long Beach area with the month of June 1978 as the base index to increase or decrease the rate as of July 1 of each year annually; and WHEREAS, the suspension of a portion of said tax in Resolution No. 6567 shall terminate as of July 1, 1983, at which time the Resolution shall no longer be of any force and effect and the full amount of said tax shall auto- matically be reinstated; and WHEREAS, the City Council has determined that the rates including the suspension bear a reasonable relationship to the cost of the service for 1983-84. NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows; SECTION 1. The -tax imposed by Section 1 of the Ordinance No. 1388 shall be in effect for the fiscal year commencing on July 1.,,1983 and will • not be increased as of July 1, 1983 in an amount equal to the increase from July 1, 1979 to the latest availabl:*e Consumer Price Index per Section 3 of Ordinance No. 1388. SECTION 2. Section 1 of this Resolution shall not alter the base year of prior year adjustments for increasing or decreasing the rate in sub- sequent years as provided in Section 3 of -the Ordinance -No. 1388. SECTION 3. That this Resolution shall become effective immediately upon its adoption. SECTION 4. That the City Clerk shall certify to the adoption of this Resolution and cause the same to be published in the manner required. by law. APPROVED and ADOPTED this -27th day of ATTEST: • City Clerk June 1983. 1 Mayor -2- • I HEREBY CERTIFY that the foregoing Resolution No. 6734 was duly adopted by the City Council of the City of West Covina at a regular meeting, thereof, held on the 27th day of June 1983, by the following vote of the Council: AYES: COUNCILMEMBERS: Tice, Bacon, Chappell NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Tennant, Shearer Ci ty *1r APPROVED AS TO FORM: 7 City Attorney r1 U r r1 LJ