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Ordinance - 1818ORDINANCE NO. 1818 AN ORDINANCE OF THE CITY OF WEST COVINA AMENDING • UNIFORM LOCAL SALES AND USE TAX ORDINANCE TO PROVIDE CREDIT FOR PAYMENT OF SALES AND USE TAXES PAID TO THE REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA WHEREAS, the City Council of the City of West Covina (the "City") has heretofore adopted an ordinance adding the Uniform Local Sales and Use Tax Ordinance of the City of West Covina to the West Covina Municipal Code, constituting Article II of Chapter 21 of said Code (the "City Ordinance"). pursuant to the Bradley -Burns Uniform Local Sales and Use Tax Law of the State of California, constituting Part 1.5 of Division 2 of the Revenue and Taxation Code of the State of California (the "Code"); and WHEREAS, the Redevelopment Agency of the City of West Covina (the "Agency") is authorized pursuant to Section 7202.6 of the Code to adopt a sales and use tax ordinance in accordance with the provisions of said Section 7202.6, and the Agency proposes to adopt such an ordinance at this time; and WHEREAS, Section 7202.6 of the Code provides that the agency may adopt such sales and use tax ordinance if the City Ordinance contains the provision described in Section 7202.5 of the Code providing a credit under the City Ordinance for the amount of sales and use taxes due to the Agency; and WHEREAS, the City Council approves of the adoption of such sales and use tax ordinance by the Agency; and now desires to amend the City Ordinance as set forth herein. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA DOES ORDAIN AS FOLLOWS: Section 1. Amendment of City Ordinance. The City Ordinance is hereby amended by adding a new Section 21-32 to Article II of Chapter 21 of the West Covina Municipal Code, to read in its entirety as follows: Section 21-32. Credit for taxes due to Redevelopment Agency of the City of West Covina. Any person subject to a sales and use tax under the provisions of this Article shall be entitled to credit against the payment of taxes due under this Article the amount of sales and use taxes due to the Redevelopment Agency of the City of West Covina pursuant to Section 7202.6 of the Revenue and Taxation Code. In the event that the Redevelopment Agency of the City of West Covina issues obligations secured in whole or in part by taxes levied pursuant to the provisions of Section 7202.6 of the Revenue and Taxation Code, the City shall not revoke this credit in whole or in part, nor shall it reduce its sales and use tax rate, so long as such obligations are outstanding. Section 2. Effective Date. This Ordinance shall take effect • thirty days following its passage and adoption. C� Section 3. Publication and Posting. The City Clerk shall certify to the passage of this Ordinance and shall cause this Ordinance to be published and posted as required by Section 36933 of the Government Code of the State of California. The City Clerk shall certify to the adoption of this Ordi- nance. PASSED AND ADOPTED by the City Council of the City of West Covina at a regular meeting held on the loth day of July , 1989. Mayor ATTEST: City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF WEST COVINA ) I, Janet Berry , City Clerk of the City of West Covina, do hereby certify that the foregoing Ordinance No. 1818 was regularly introduced and placed upon its first reading at a regular meeting of the City Council on the 26th day of June , 1989. That, thereafter said ordinance was duly adopted at a regular meeting of the City Council on the loth day of July 1989, by the following vote: AYES: McFadden, Manners, NOES: None ABSENT: Tarozzi ABSTAIN: None APPROVED AS TO FORM: ^, r -9t,P74 For Jo , Hall, ill & White, A Professional Law Corporation as Special Counsel Lewis, Bacon FPE275KJ -2- City Clerk C E R T I F I C A T I O N • I, JANET BERRY, City Clerk of the City of West .Covina,. State of California, do hereby certify that a true and accurate copy of Ordinance No. was published, pursuant to law, in the San Gabriel Valley Tribune, a newspaper of general circulation published and circulated in the City of West Covina. Janet Berry, City Cler City of West Covina, California DATED: Y- -yf