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Resolution - 5747RESOLUTION NO. 5747. A RESOLUTION OF THE CITY COUNCIL OF THE CITY • OF WEST COVINA, CALIFORNIA SUSPENDING A PORTION OF THE BUSINESS LICENSE TAXES IMPOSED ON OFFICE AND COMMERCIAL RENTALS WHEREAS, Ordinance No. 1391 of the City of West Covina, California provides 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 doesfind it appropriate to suspend a portion of subject Business License Taxes specified in Ordinance No. 1391 ; 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 imposed under Ordinance No. 1391 to wit: $10.00 per $1,000.00 or fraction thereof for the second $5,000.00 of'rental revenues, plus $5.00 per each additional $1,000.00 of rental revenues or fraction thereafter shall be suspended. SECTION 2. That this Resolution shall become effective immediately upon its adoption. • SECTION 3. That the portion of said taxes herein above suspended shall terminate as of June 30, 1979, at which time this. Resolution shall no longer be of any force and effect and the full amount of said business license taxes for Category A -II imposed under Ordinance No. 1391 shall automatically be reinstated. 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 ^ 24th day of Jul 1978. ifs �sl�_ Mayor ATTEST: 12 City Clerk RESOLUTION NO. 5747 I HEREBY CERTIFY that the foregoing resolution Na-, 657:,47 was duly • adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 24 t h day of July 1978 by the following vote of the Council: AYES: Councilmen: Miller, Shearer, Browne, Chappell, Tice. NOES: Councilmen: None ABSENT: Councilmen: None City Clerk APPROVED AS TO FORM: City Attorney • • — 2 —