Resolution - 8765RESOLUTION NO. 8765
I
E
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 FOR THE CALENDAR YEAR COMMENCING
ON JANUARY 1, 1992.
WHEREAS, the City Council of the City of West Covina, under
Ordinance No. 1385, Section 3, 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 annually as of September 1 to be effective in the subsequent
calendar year commencing on January; 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, 1992 and will not be increased
as of January 1, 1992 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 the 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.
ATTEST:
APPROVED and ADOPTED this 17th day
CITY CLERK
I HEREBY CERTIFY that the foregoing Resolution No. 8765 was
duly adopted by the City Council of the City of West Covina at a regular
meeting thereof held on the 17th day of npcpmhnr 1991 by the
following vote of Council:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
Jennings, Herfert, Flanners, McFadden
None
ABSENT: COUNCILMEMBERS: None
APPROVED AS TO FORM:
CITY CLERK