For City Council Meeting [November 14, 2017]
TO: Honorable Mayor and City Council
APPROVAL: Michael Story, City Administrator
FROM: Fred Galante, City Attorney
Title
Request that City Council Approve Resolution No. 7228, entitled "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIALTO, CALIFORNIA, SETTING THE AMOUNT OF THE BUSINESS LICENSE TAX FOR WHOLESALE LIQUID FUEL STORAGE FACILITIES PURSUANT TO ORDINANCE NO. 1556 FOR THE 2017/2018 FISCAL YEAR "
Body
BACKGROUND:
On November 4, 2014, the voters of the City of Rialto (the "City") approved the levy of a business license tax on wholesale liquid fuel storage facilities of up to $1.00 per cubic foot of storage capacity for these wholesale liquid fuel storage facilities ("Measure U"). Section 6 of Ordinance No. 1556, which adopted Measure U and added section 5.04.028 to the Rialto Municipal Code, provides that the City Council shall establish the amount of the tax by resolution each fiscal year.
The City Council initially set the amount of the tax at $1.00 per cubic foot of storage capacity pursuant to Resolution No. 6685, adopted by the City Council on January 13, 2015. The Resolution now before the Council sets the tax rate of $1.00 per cubic foot of storage capacity for Fiscal Year 2017/2018.
ANALYSIS/DISCUSSION:
On January 13, 2015, the City Council adopted Resolution No. 6685, Section 2 of which provides that "Pursuant to Section 6 of Ordinance No. 1556, the amount of the business license tax shall be One Dollar ($1.00) per year for each One (1) cubic foot of liquid fuel storage capacity." The business license tax has been set at One Dollar ($1.00) per year for each One (1) cubic foot of liquid fuel storage capacity for each year since. On May 10, 2016, the City Council adopted Resolution No. 6951, which established certain policies regarding the implementation of the Measure U tax. This included the policy that the storage capacity of tanks which are empty for the entire relevant year would not be ...
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