HomeMy WebLinkAboutTC Res 1979-09-24 (2)
RESOLUTION NO. 1063
A RESOLUTION OF THE TOWN OF TIBURON DIRECTING
IMPOUND OF CERTAIN FUNDS.
WHEREAS, the Town of Tiburon has recently amended
Chapter 7B (property development tax) of the Tiburon Municipal
Code for the purpose of increasing the rate of tax imposed
thereby; and
WHEREAS, the Town Council desires to retain in an
impound account all funds that may be collected as a result of
said increase wh~ch are in exceffi of the funds which would have
been collected had such increase not occurred;
NOW/THEREFORE, BE IT RESOLVED that the Town Council
hereby directs that all funds collected from the property de-
velopment tax which are in excess of the funds that would have
been collected had the rate of the property development tax not
been increased by the Town Council on Sep~r 24
1979, shall be impounded in an interest bearing account,
pending further direction from the Council.
PASSED AND ADOPTED by the Town Council of the Town
of Tiburon at a regular meeting of the Town Council held on
September 24 , 197 9 .
AYES:
COUNCILMEN: Bergsund, Edelstein, Hanson, Rockey, Bass
NOES:
COUNCILMEN: None
ABSENT:
COUNCILMEN: None
ayor
ATTEST:
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Drafter 8/31/79