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HomeMy WebLinkAboutReso 1994-17738- NOT APPROVED RESOLUTION NO. 17738 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING ABATEMENT OF THE TRANSIENT OCCUPANCY TAX FROM A RATE OF TEN PERCENT TO EIGHT PERCENT FOR CALENDAR YEAR 1995 WHEREAS, at its meeting of October 25, 1990, the City Council adopted Ordinance No. 2407, Option 1, amending the Municipal Coda regarding Transient Occupancy Tax (TOT) by establishing a maximum TOT rate of ten percent and providing for annual abatement hearings at which time the maximum tax could be lowered; and, WHEREAS, in 1990, 1991,1992 and 1993, the City Council held abatement hearings and set a TOT rate of eight percent for the subsequent calendar year, the same rate it has been since 1978; and, WHEREAS, the City Council, at a public hearing held on November 22, 1994, considered the reduction of the TOT rate from ten percent to eight percent and voted to maintain the TOT rate as eight percent. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approved the abatement of the Transient Occupancy Tax from a rate of ten percent to eight percent for calendar year 1995. Robert Powell Bruce M. Boogaard Director of Finance ' Csty Attorney Resolution No. 17738 Page 2 NOT PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista, California, this 22nd day of November, 1994, by the following vote: YES: Councilmembers: Fox, Horton, Moore, Rindone, Nader NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None Shirley Horton Mayor Pro-Tempore ATTEST: -.-,~, Vicki C. Soderquist, Deputy City Clerk