Agmt 2011 California State Board of Equalization (2)

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WHEREAS, at that meeting, the City Council concluded that all of the information presented indicated that, to obtain the revenue necessary to maintain and preserve service levels, the Council should call an election to ask the voters of the City to approve a 7 -year local transactions and use tax, the revenue from which could be used to support general municipal services; and WHEREAS, on the basis of the foregoing, the City Council determined that it was appropriate to place a measure regarding a general transactions and use (sales) tax before the voters at the November 2, 2010 general election; and WHEREAS, the tax, if approved, would be imposed on the sale of tangible personal property and the storage, use, or other consumption of such property. The tax rate would be one- quarter of one percent (0.25 %) (a quarter cent for each dollar) of the sales price of the property. The tax revenue would be collected by the State Board of Equalization and remitted to the City. The tax would be in effect for 7 years, and would then expire automatically, unless extended by the voters. The tax shall be approved if the measure receives at least a simple majority of affirmative votes. BE IT ORDAINED BY THE PEOPLE OF THE CITY OF SAN LEANDRO AS FOLLOWS: SECTION 1. AMENDMENT OF CODE Title 2 of the San Leandro Municipal Code is hereby amended to add a new Chapter 2 -19 and shall read as follows: "CHAPTER 19 TRANSACTIONS AND USE TAX Section 2 -19 -100. Title. This ordinance shall be known as the City of San Leandro Transactions and Use Tax Ordinance. The City of San Leandro hereinafter shall be called "City." This ordinance shall be applicable in the incorporated territory of the City. Section 2 -19 -105. Operative Date. "Operative Date" means the first day of the first calendar quarter commencing more than 110 days after the adoption of this ordinance, the date of such adoption being as set forth below. ORDNANCE NO. 2010 -022 2