HomeMy WebLinkAboutReso 2008-025 - Rescind council policy 805
. RESOLUTION NO. 2008 - 25 .
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDDING RESCINDING COUNCIL
POLICY 805 TITLED "ECONOMIC
DEVELOPMENT/PERSONAL PROPERTY TAX
REBATE FOR QUALIFIED MANUFACTURING
PROPERTY"
WHEREAS, during Fiscal Year 1994-95 the State of Cali fomi a authorized the rebate of personal
property tax revenue received from manufacturing property; and,
WHEREAS, the State required local governments to authorize the program for implementation;
and,
WHEREAS, the City of Redding established City Council Policy 80S titled "Economic
Development/Personal Property Tax Rebate for Qualified Manufacturing Property" on February I, 1994;
and,
WHEREAS, the California Revenue and Taxation Code's personal property tax rebate program
officially ended on January 1, 2000; and,
WHEREAS, there is no plan to reinstate this program in the near future.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding that
Resolution No. 94-026 adopting City Council Policy 80S, "Economic Development/Personal Property Tax
Rebate for Qualified Manufacturing Property," be rescinded effective March 18,2008.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular
meeting of the City Council on the 18th day of March, 2008, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Dickerson, Jones, Murray, and Stegall
None
Rosetti
None
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MAR LE S STEGALL, or
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Form Approved:
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RICHARD A. DUVERNAY, City Attorney