HomeMy WebLinkAbout461 - Ordinances ORDINANCE NO. 461
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF RANC}K)
CUCA~DN~, CALIFORNIA, AMENDING CHAPTER 3.20 OF TITLE 3
OF THERANCHO CUCAMONGAMUNICIPALCODE BY THEADDITION OF
SECTION 3.20.145 R~ATING TO CREDIT OF S~I.F.q AND USE
TAXES
The City Council of the City of Rancho Cucamonga does hereby ordain
as follows:
SECTION 1: the Council hereby finds, determines and declares as
follows:
(i) The Rancho Cucamonga Redevelopment Agency ("Agency") desires to
adopt an ordinance enacting a sales and use tax to satisfy the requirements in
that certain Disposition and Development Agreement ("DDA") entered into
between Agency and The Price Company, dated December 5, 1990.
(ii) The DDA requires, in Section 3.07, that a sales and use tax
credit provision conforming to California Revenue and Taxation Code Section
7202.5 be enacted by the City pursuant to the requirements of California
Revenue and Taxation Cede Section 7202.6. The City will thereby grant a
credit against tax payment arising under Chapter 3.20 of Title 3 of the Rancho
Cucamonga Municipal Cede in favor of any amounts paid to the Agency under its
sales and use tax ordinance.
(iii) Pursuant to the authority of Revenue and Taxation Code Section
7202.6 and Article XIIIB of the California Constitution, the exercise of the
Agency's taxation power regarding the referenced sales and use tax shall be
deemed a transfer of financial responsibility for the City of Rancho Cucamonga
to the Agency for each such fiscal year within the maning of Subdivision (a)
of Section 3 of Article XIIIB resulting in the concurrent increase of the
Agency's appropriation limit and decrease in the City's appropriation limit.
SECTION 2: Section 3.20.145 is hereby added to read, in words euld
figures, as follows:
"3.20.145 Credit for Payment of Redevelopment Aqency Sales and
Use Tax
"Any person required to pay any tax pursuant to this Chapter
shall have a credit against the payment of such tax in the full
amount of the sales and use tax, if any, paid to the Rancho Cucamonga
Redevelopmerit Agency pursuant to its sales and use tax ordinance."
SECTION 3 Severability. If any provision of this Ordinance or
the application thereof to any person or circumstances held invalid, the
remainder of the Ordinance and the application of such provision to other
persons or other circumstances shall not be effected in any manner thereby.
SECTION 4: Effective Date. Pursuant to California Government Code
Section 36937(d), this Ordinance shall take effect immediately as it relates
to taxes for the usual and current expenses of the City.
OrdinanceNo. 461
Page 2
SECTION 5: The Mayor shall sign this Ordinance and the City Clerk
shall cause the same to be published within fifteen (15) days after its
passage at least once in the Inland Valley Daily Bulletin, a newspaper of
general circulation published in the City of Ontario, California, and
circulated in the City of Rancho Cucamonga, California.
PASSED, APPROVED, and ADOPTED this 16th day of October, 1991.
AYES: Alexander, Buquet, Stout, Williams, Wright
NOES: None
ABSENT: None 0..~j~
Dennis L. S~but, Mayor
a'J. city clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Ordinance was passed at the
regular meeting of the Council of the City of Rancho Cucamonga held on the
16th day of October, 1991.
Executed this 17th day of October, 1991 at Rancho Cucamonga,
California.