HomeMy WebLinkAbout1991-06-25; City Council; Resolution 91-193-* -
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RESOLUTION NO 9 1 - 19 3
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA ESTABLISHING
A CREDIT AGAINST THE ADDITIONAL LICENSE
TAX ON NEW CONSTRUCTION FOR PROPERTIES
WITHIN THE BOUNDARIES OF AND SUBJECT TO
A TAX WITHIN COMMUNITY FACILITIES DISTRICT
NO. 1.
WHEREAS, Section 5.09.040 of the Carlsbad Municipal Code requires the
City Council to establish a credit against the Additional License Tax on New
Construction for properties within the boundaries and subject to a tax under
Community Facilities District No.1, and
WHEREAS, this credit may be established by resolution from time to time
as the Council finds it necessary to adjust any credit to be consistent with council
policies, the cost of projects, the Municipal Code or other statutes, and
WHEREAS, properties subject to the Additional License Tax on New
Construction shall receive a credit to the extent that projects funded by the Public
Facilities Fee program, and alternately the Additional License Tax on New
Construction, are funded by Community Facilities District No.1, and
WHEREAS, the Community Facilities District Report dated January 22.
1991 has established this initial credit to be 1.68% of building permit value,
reducing the obligation due under the ‘Additional License Tax on New
Construction to 1.82% of building permit value,
NOW, THEREFORE, BE IT RESOLVED by the City council of the City of
Carlsbad, California as follows:
1. That the above recitals are all true and correct.
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2. That properties included within the boundaries of Community
Facilities District No. 1 that are subject to taxation by the District shall receive
a credit against the Additional License Tax on New Construction of 1.68% of
building permit value, thereby reducing the obligation due from the present 3.5%
to 1.82% of building permit value.
3. That this credit is based on the proportional share of projects to be
funded by the Additional License Tax on New Construction, funded by
Community Facilities District No. 1.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad, California, on the 25th day of June
, 1991, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Larson, and Stanton
NOES: None
ABSENT: Council Member Nygaard
ATTEST:
6zL27k.J 1 &-J 7 ALETHA L. RAUTENKRANZ, City Clerk
(SEAL)
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