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HomeMy WebLinkAbout2004-10-19; City Council; 17843; Extended Stay America & VPM Mgmt LLC refundI AB# 17,843 MTG. 1011 9/04 DEPT. FIN CITY OF CARLSBAD -AGENDA BILL TITLE: REFUND TO VPM MANAGEMENT, LLC AND EXTENDED STAY AMERICA FOR BUSINESS LICENSE TAX CITY DEPT.HD- ATTY. a CITYMGR %- I Adopt Resolution No. and Extended Stay America totaling $1,313.56. 334 authorizing a refund of business license tax to VPM Management, LLC ITEM EXP LAN AT1 0 N : VPM Management, LLC and Extended Stay America made errors in calculating the business license tax due for the fiscal year 2004/2005. They have requested refunds for these overpayments. The Finance Department verified the business tax computation for VPM Management, LLC and Extended Stay America and confirmed the overpayments. Section 5.04.130 of the Carlsbad Municipal Code requires Council approval of any refund in excess of $500. Therefore, staff is recommending approval of refunds to VPM Management, LLC and Extended Stay America totaling $1,313.56. FISCAL IMPACT: The payment will result in refunds of $1,313.56. There is no true fiscal impact, as the payments were in error. EXHIBITS: 1. Resolution No. 2004-334 authorizing a refund of business license tax to VPM Management, LLC and Extended Stay America. DEPARTMENT CONTACT: Colette Wengenroth, (760) 602-2430; cweng@ci.carlsbad.ca.us. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Exhibit 1 RESOLUTION NO. 2004-334 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, REFUNDING BUSINESS TAX PAYMENT TO VPM MANAGEMENT, LLC AND EXTENDED STAY AMERICA WHEREAS, VPM Management, LLC and Extended Stay America overpaid its business license tax to the City of Carlsbad; and WHEREAS, the Finance Department confirmed the overpayment by VPM Management, LLC and Extended Stay America and verified the refund amount. NOW, THEREFORE, BE IT RESOLVED, SECTION 1. That the above recitals are all true and correct. SECTION 2. That refunds of business license tax totaling $1,313.56 to VPM Management, LLC and Extended Stay America are authorized. PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City Council held on the 19th day of October , 2004 by the following vote, to wit: AYES: Council Members Lewis, Firmila, Kulchin, Hall and Packard. ATTEST: