Resolution - 8766RESOLUTION NO. 8766
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, 1992, 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 17th day of December , 1991.
ATTEST: -
CITY CLERK
I HEREBY CERTIFY that the foregoing Resolution No. 8766 was
duly adopted by the City Council of the City of West Covina at a regular
meeting there of held on the 17th day of December 1991, by the
following vote of Council:
AYES: COUNCILMEMBERS: Jennings, Herfert, Manners, McFadden
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None / ?
CITY; CLE
APPROVED AS TO FORM: r
CITY ATTORNEY