HomeMy WebLinkAbout463ORDINANCE NO. 463
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF IRWINDALE REPEALING ORDINANCE NO. 384
PERTAINING TO CREDITS FOR THE PAYMENT OF SALES
AND USE TABES TO THE IRWINDALE COMMUNITY
REDEVELOPMENT AGENCY.
A. Recitals.
(i) On October 17, 1985, this City Council adopted
Ordinance No. 384, which Ordinance amended Ordinance No. 269 of
the City, and provided "credits" against City sales and use taxes
of sales and use taxes paid to the Irwindale Community
Redevelopment Agency ("the Agency" hereinafter).
(ii) Said Ordinance No. 384 was adopted in furtherance
of the Agency's adoption of its Ordinance No. CR(I)85-2 providing
for a sales and use tax payable to the Agency.
(iii) The Agency adopted its Ordinance No. CR(I)85-2
in order to provide a revenue source to service its 1986 Sales
and Use Tax Bond Issuance (the "Bonds" hereinafter).
(iv) The Agency has entered into that certain Loan
Agreement with the Irwindale Public Financing Authority to
discharge the lien on sales and use tax revenues imposed thereon
by Agency Resolution No. CR(I) 86-180 and to defease said Bonds.
(v) Based upon the discharge of the lien and
defeasance of said Bonds, the need for the Agency's Sales and Use
Tax Ordinance no longer exists and the purposes for which
Ordinance No. 384 was adopted have been obviated thereby.
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(vi) All legal prerequisites to the adoption of this
Ordinance have occurred.
B. Ordinance.
NOW, THEREFORE, the City Council of the City of
Irwindale does ordain as follows:
Section 1. In all respects, as set forth in the
Recitals, Part A, of this Ordinance.
section 3. Ordinance No. 384 hereby is repealed, in
its entirety.
sectiQn 3. Pursuant to the provisions of California
Government Code § 36937, this Ordinance shall take effect
immediately.
Section 4. The City Treasurer hereby is instructed and
directed to take any and all actions necessary to cause the
reinstatement of sales and use taxes within the area encompassed
by the City Industrial Development Project in favor of the City
and the Mayor and/or City Manager, as the case may be, hereby are
authorized directed to execute any and all documents, contracts
and/or agreements as may be necessary or convenient to cause the
City's contract with the State Board of Equalization for the
performance of all functions incident to the administration or
operation of the City's Sales and Use Tax Ordinance to be in full
force and effect.
Section 5. The City Clerk shall certify to the
adoption of this Ordinance and shall cause the same to be
published as required by law.
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1993.
ADOPTED AND APPROVED this 25th day of February
I, Camille Diaz, Deputy City Clerk of the City of
Irwindale, do hereby certify that the foregoing Ordinance was
introduced at a regular meeting of the Council of the City of
Irwindale held on the lith day of February , 1993, and
was finally passed at a regular meeting of the Council of the
City of Irwindale held on the 25th day of February
1993 by the following vote:
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AYES: COUNCIL MEMBERS: Miranda, J., Miranda, P., Breceda,
Barbosa and Diaz
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
ATTEST:
Deputy
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