For City Council Meeting [April 24, 2018]
TO: Honorable Mayor and City Council
APPROVAL: Robb R. Steel, Interim City Administrator
FROM: Fred Galante, City Attorney
Title
Request City Council to Approve Resolution No. 7322, 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 2018/2019 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.
On January 13, 2015, the City Council set the amount of the tax at $1.00 per cubic foot of storage capacity pursuant to Resolution No. 6685. Thereafter, the City Council has adopted resolutions each fiscal year setting the appropriate rate. On December 13, 2016, the City Council adopted Resolution No. 7054 setting the rate for Fiscal Years 2015/2016 and 2016/2017. On November 14, 2017, the City Council adopted Resolution No. 7228 setting the rate for Fiscal Year 2017/2018
The Resolution now before the Council sets the tax rate of $1.00 per cubic foot of storage capacity for Fiscal Year 2018/2019.
ANALYSIS/DISCUSSION:
On December 9, 2014, the City Council adopted Ordinance No. 1556 that added 5.04.028 to the Rialto Municipal Code. Section 6 of Ordinance No. 1556 further stated that "the City Council shall establish the amount of the tax annually by resolution each fiscal year in amounts not to exceed the maximum amounts specified herein. In no case shall the amount of the tax to be levied in an...
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