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Resolution - 7047RESOLUTION NO. 7047 • 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 1985-86. • • WHEREAS, the City Council of the City of West Covina, under Section 21-9 of the West Covina Municipal Code, 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. 6878 shall terminate as of July 1, 1985, at which time the Resolution shall no longer be of any force and effect and the. full amount of said tax shall automatically 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 1985-86. NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. The tax imposed by Section 1 of Ordinance No. 1388 shall be in effect for the fiscal year commencing in July 1, 1985 and will not be increased as of July 1, 1985, in an amount equal to the increase from July 1, 1979 to the latest available Consumer Price Index per Section 21-91 of the West Covina Municipal Code. SECTION 2. Section 1 of this Resolution shall not alter the base year of prior year adjustments for increasing or decreasing the rate in subsequent years as provided in Section 3 of Ordinance No. 1388. SECTION 3. That this Resolution shall become effective immedi- ately 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. ATTEST: APPROVED and ADOPTED this 24th day of June , 1985. • City Clerk �. 0 Mayor - 2- • I HEREBY CERTIFY that the foregoing resolution was duly adopted • by the City.Council of the City of West Covina at a regular meeting thereof held on the 24th day of June 1985, by the following vote of the Council: • AYES: COUNCILMEMBERS: Chappell, Manners, Shearer, Tennant NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Bacon APPROVED AS TO FORM: & e-4�� �� GC City Attorney • • City Clerk