Resolution - 8272RESOLUTION NO. 8272
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 1988-89.
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, 1989 and will not be increased
as of January 1, 1989 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 28th day of November 1988.
MAYOR
ATTEST:
CI:TY-CL RK
—• I HEREBY CERTIFY that the foregoing Resolution.No. 8272 was duly
adopted by the`,C.i#y Council of the City of West Covina at a regular meeting
thereof held:on'the 28th day of November 1988, by the following vote
of Council:
• AYES: COUNCILMEMBERS: Tarozzi, McFadden, Lewis, Bacon, Manners
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
CITY .CLERl
APPROVED AS TO FORM:
r
CITY A11UK1IEY