MO 2001-086 to 2001-090 - Laserfiche WebLink

Home

Attachment 2 June 19, 2000 City Council Meeting — No comments on exemption program July 10, 2000 Work Session — See excerpt, following. July 31, 2000 Work Session — No comments on exemption program September 25, 2000 Work Session — No comments on exemption program October 16, 2000 — No comments on exemption program. Excerpt — July 10, 2000 Work Session on Matter of discussion Regarding Upcoming Potential Ballot Measures City Attorney presentation (Tape 1, end of side A, start of side B) The Ad Hoc Committee (of Council) discussed, in general, amendments to RPTT, as follows: Amending RPTT to create an exemption for those who buy and sell a home within in San Leandro within a one year period. In other words, you would not pay the tax twice if you bought and sold property in San Leandro. Provide a rebate of the tax paid to those homeowners who use, who undertake qualifying seismic retrofit construction activities at their home within a 12 month period after they purchase the home they would receive a rebate of the real property transfer tax dollar for dollar for the cost of the seismic retrofit costs. Seismic retrofit been a policy of this Council for some time. A possible exemption from the tax that was discussed was to provide an exemption for first time homebuyers. It's no secret that buying a house is expensive in San Leandro and providing an opportunity to reduce that cost to first time homebuyers does further your public policy. In addition, an exemption for low income homebuyers would be provided as well. There are two other categories that were discussed as well. One is inherited property and the other is charitable donations. The Real Property Transfer Tax does not apply to property which is inherited or charitable donations of property but in as much as there seems to be some confusion about that issue the Committee thought that perhaps it should be more explicit. So, the Committee did discuss in general amending the Real Property Transfer Tax by ordinance of the City Council to accomplish these particular goals, to mold the ordinance into something that more accomplishes your public policy. I would point out that the discussion this evening in reference to the Real Property Transfer Tax always refers to the buying and selling of homes. The Real Property July 10, 2000 Work Session Notes Page 1 of 2 335