HomeMy WebLinkAboutAgenda Statement 1973/08/28 Item 21 Item No. 21
august 28, 1973
Ordinance No. 1491 ' . . .. .1 , • . .t • • . . • . ' • • . • . ,
. ' : AGE\DA ITE�I N0. T z�-']
CHULA 1+ISTA CITI' COU\CIL �tEETI\G OF: August Zg, 1973
Ordinance
ITE�I TITLE: p_Noi.rP_4.9-1e - Amending Sections 35 .401 & 35. 402 of Art. 4 ,
Chapt. 35 of City Code AdoFting New Schedule of Payments of the Residential
Constr. Tax and Requiring a Conversion Tax Upon Conversion of Apartments or
Pro7 ects to Condominium Ownership - �ec'ond re'a'din�Oand ado tion
I\ITIATED BY: g' P
City Attorney
BACKGROU\D
A new schedule of taxes upon new residential construction and a conversion
tax for condominiums has been provided by the Planning Department. The
tax increase reflects increasing costs for all capital improvements. The
tax now also reflects a variable based upon the number of bedrooms in a
dwelling unit. It also makes provision for taxes upon hotels or motels
which also introduce additional people into the City, imposing a burden .
upon public facilities . A distinction is made between the residential
hotel or motel, such as the senior citizens projects, and the transient
hotel or motel, which is given a reduced rate.
This ordinance waslp�laced on its first reading at the meeting of August 21, 1973.
ATTACHED: Resolution [ ] Ordinance [}] Agreement [ ] Plat [ j
See EXHIBITS [., ] No. �
Financial Statement:
n/a
Commission-Board Recommendation: �
n/a
Department Head Recommendation:
Place on "second- readinggand adoption
Citv �lana�er Recommendation: Recommend approval
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. ' AGENDA ITE�I \0. '[ 21. )
CHULA VISTA CITY COUNCIL PiEETING OF: August 21, 1973
ITEh1TITLE: Ordinance - Amending Sections 35 .401 & 35 .402 of Art. 4 ,
Chapt. 35 of the City Code, Adopting New Schedule of Payments of the
Residential Constr . Tax and Requiring a Conversion Tax Upon Conversion of
Apartments or Projects to Condominium Ownership - first reading
I�ITIATED BY:
City Attorney
BACKGROUND
A new schedule of taxes upon new residential const'r.uction and a conversion
tax for condominiums has been provided by the Planning Department. The
tax increase reflects increasing costs for all capital improvements . The
tax now also reflects a variable based upon the number of bedrooms in a
dwelling unit. It also makes provision for taxes upon hotels or motels
which also introduce additional people into the City, imposing a burden
upon public facilities . A distinction is made between the residential
hotel or motel , such as the senior citizens projects, and the transient
hotel or motel, wfiich is given a reduced rate.
In accordance with administrative request, the ordinance has been amended
to provide specifically for the creation of a residential construction/
conversion fund in the capital improvement fund classification.
ATTACHED: Resolution [ ] Ordinance [X] Agreement [ ] Plat [ ]
See EXHIBITS [X] No. 1
Financial Statement:
n/a
Commission-Board Recommendation:
n/a
Department Head Recommendation:
Place on first reading .
City Manager Recommendation:
Approval