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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO ORDINANCE NO. 01- 11�plpp AN ORDINANCE AMENDING TITLE 2, CHAPTER 2-3 OF THE SAN LEANDRO MUNICIPAL CODE PROVIDING FOR ADDITIONAL EXEMPTIONS FROM THE CITY'S REAL PROPERTY TRANSFER TAX THE CITY COUNCIL OF THE CITY OF SAN LEANDRO ORDAINS AS FOLLOWS: SECTION 1. Title 2, Chapter 2-3 of the San Leandro Municipal Code is hereby amended by the addition of the following new sections. 2-3-111 Exemption —Sale and Purchase of Primary Residence in San Leandro. The tax imposed by this Chapter shall not apply to or be imposed on the making of a conveyance of a single-family residence or condominium in the City, as those terms are defined in Section 1-304 of the Zoning Code, if the purchaser has within the 6-month period preceding the conveyance sold a single-family residence or condominium in the City on which the purchaser was and is claiming a property tax homeowners' exemption as defined by the California Revenue and Taxation Code on each residence. Pursuant to Section 2-3-160 of the Municipal Code, the Finance Director shall make such rules and regulations as are necessary to effectuate this Section. 2-3-112 Exemption —Seismic Retrofitting. The amount of the tax imposed by this Chapter shall be credited to a taxpayer otherwise subject to the tax on the making of a conveyance of a single-family residence in the City, as those terms are defined in Section 1-304 of the Zoning Code, if the taxpayer completes qualifying seismic retrofitting work on the residence within the 12-month period following the conveyance, and if the certified cost of the work is greater than or equal to the amount of tax that would otherwise be imposed. If the cost of such qualifying seismic retrofitting work is less than the total amount of tax that would otherwise be imposed under this Chapter, the tax shall be reduced, on a dollar -for -dollar basis, by the certified cost of the work performed. Pursuant to Section 2-3-160 of the Municipal Code, the Finance Director shall make such rules and regulations as are necessary to effectuate this Section, including a definition of qualifying seismic retrofitting work, as used herein, and procedures for certifying both the work and the costs thereof. 2-3-113 Exemption —First-time Homebuyers. The tax imposed by this Chapter shall not apply to or be imposed on the making of a conveyance of a single-family residence or condominium in the City, as those terms are defined in Section 1-304 of the Zoning Code, if the purchaser is a first-time homebuyer and claims the property tax homeowners' exemption as defined by the California Revenue and Taxation Code on the residence. The exemption provided by this Section shall be available only to the purchaser. Pursuant to Section 2-3-160 of the Municipal Code, the Finance Director shall make such rules and regulations as are necessary to effectuate this Section, including a definition of first-time homebuyer, as used herein, and procedures for certifying that the applicant meets that definition. 2.3-114 Exemption —Low-income Homebuyers. The tax imposed by this Chapter shall not apply to or be imposed on the making of a conveyance of a single-family residence in the City, as those terms are defined in Section 1-304 of the Zoning Code, if the is