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Resolution - 6784RESOLUTION NO. 6784 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA SUSPENDING A PORTION OF THE CATEGORY A -II AND ALL OF THE CATEGORY A -III BUSINESS LICENSE TAXES IMPOSED ON OFFICE AND COMMERCIAL RENTALS. • WHEREAS, Ordinance Nos. 1391 and 1524 of the City of West Covina, California provide that the City Council may suspend all or part of the Business License Taxes on Office and Commercial Rentals via adoption of a Resolution; and WHEREAS, the City Council does find it appropriate to suspend a portion of subject Business License Taxes specified in Ordinance No. 1391 and all of subject Business License Taxes specified in Ordinance No. 1524; NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. That a portion of said Business License Tax for Category A -II under Ordinance No. 1391 to wit: $10.00 per $1,000.00 or fraction thereof for the second $5,000.00 of rental revenues, plus $5.00 per each additional $1,000..00 of rental revenues or fraction thereafter shall be suspended. SECTION 2. That all of said Business License Tax for Category A -III under Ordinance No. 1524 to wit: $60.00 per calendar quarter for the first $5,000.00 of.rental charges paid, plus an additonal $1*2.00 per calendar quarter for each $1,000.00 • of rental charges paid or fraction thereafter shall be suspended. SECTION 3. That this Resolution shall become effective immediately upon its adoption. SECTION 4. That the portion of said taxes herein above suspended shall terminate as of December 31, 1984, at which time this Resolution shall no longer be of any force and effect and the full amount 'of said Business License Taxes for A -II and A -III shall automatically be reinstated. SECTION 5. 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 14th day of "'ovember , 1983. 4�_...— Mayor ATTEST: City Clerk I HEREBY CERTIFY that the foregoing Resolution No. 6784 was duly • adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 14th day of November 1983, by the following vote of Council: AYES: COUNCILMEMBERS: Tice, Tennant, Shearer, Sacon, Chappell NOES: COUNCILMEMBERS: ^lone ABSENT: COUNCILMEMBERS: "?one G• D-l-j1 City Clerk APPRO D AS TO FORM: City Attorney