Resolution - 8118RESOLUTION NO.8118
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:
Ten dollars ($10) per $1,000 or fraction thereof for the second $5,000
of rental revenues, plus $5 per each additional $1,000 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:
Sixty dollars ($60) per calendar quarter for the first $5,000 of
rental charges paid, plus an additional $12 per calendar quarter
for each $1,000 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, 1988, 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 9th day of November 1987.
Mayor
ATTEST:
IL' Ci y C rk
I HEREBY CERTIFY that the foregoing Resolution No. 8118 was duly
adopted by the City Council of the City of West Covina at a regular meeting
there of held on the 9th day of November , 1987, by the following vote
of Council:
•AYES: COUNCILMEMBERS: Tennant, Bacon, Shearer, Manners, Chappell
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
City C er<�
APPROVED AS TO FORM:
/4yr'f i ty Attorney