Resolution - 7252RESOLUTION NO. 7252
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA,
CALIFORNIA, SUSPENDING ANY INCREASE IN THE AMOUNT OF CHARGES
RELATING TO BUSINESS LICENSE TAX EQUAL TO THE INCREASE OF
• THE BASE INDEX IN THE THEN LATEST AVAILABLE CONSUMER PRICE
INDEX FOR THE FISCAL YEAR 1986-87.
WHEREAS, the City Council of the City of West Covina, under Ordinance
No. 1385, Section 3, as amended by Ordinance No. 1442, Section 1, applies the
Consumer Price Index as prepared and released by the Federal Government or any
other governmental 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 September 1
of each year annually; and
WHEREAS, the City Council may suspend all or any portion of the Consumer
Price Increase; and
WHEREAS, the City Council has elected to suspend said allowable increases.
NOW, THEREFORE, the City Council of the City of West Covina does resolve
as follows:
SECTION 1. The tax imposed by Section 3 of the Ordinance No. 1385,
as amended by Ordinance No. 1442, Section 1, shall be in effect for the calendar
year commencing on January 1, 1987 and will not be increased as of January 1,
1987 in an amount equal to the increase from July 1, 1979 to the latest available
Consumer Price Index per Section 3 of Ordinance No. 1385, as amended by Ordinance
No. 1442, Section 1.
SECTION 2. Section 1 of this Resolution shall not alter the base
year or prior year adjustments for increasing or decreasing the rate in subsequent
years as provided in Section 3 of the Ordinance No. 1385, as amended by Ordinance
No. 1442, Section 1.
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 October 1986.
r--
Mayor
ATTEST:
City= C �.e•rk�
I HEREBY CERTIFY that the foregoing Resolution No. 7252 was duly
adopted by the CifyCouncil of the City of West Covina at a regular meeting thereof
held on the . 27th day of October , 1986, by the following vote of Council:
AYES: COUNCILMEMBERS: Tennant, Manners, Chappell, Shearer
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS: Bacon
City Elerk
APPROVED AS TO FORM:
City Attorney