Resolution - 8117RESOLUTION NO. 8117
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 1987-88.
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
onsumer 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, 1988 and will not be increased as of January 1,
1988 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 9th day of November 1987.
ATTEST:
City Clerk
Mayor
I HEREBY CERTIFY that the foregoing Resolution No. 8117 was duly
adopted by the City Council of the City of West Covina at a regular meeting
thereof held on the 9th day of November , 1987, by the following vote
• of Council:
AYES: COUNCILMEMBERS: Tennant, Bacon, Shearer, Manners; Chappell
NOES: COUNCILMEMBERS: None
SENT: COUNCILMEMBERS: None
City Clerk
APPROVED AS TO FORM:
City Attorney