Laserfiche WebLink
�EW�oR> CITY OF <br />°� e= NEWPORT BEACH <br />C9C /F00.NP City Council Staff Report <br />Agenda Item No. 4 <br />August 14, 2012 <br />TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL <br />FROM: Finance Department <br />Dan Matusiewicz, Deputy Director <br />949 - 644 -3126, danm <br />PREPARED BY: Evelyn Tseng, Revenue Manager <br />APPROVED: 7)� p," <br />TITLE: Second Reading - Ordinance No. 2012 -18 Exempting <br />Complimentary Hotel Rooms from Transient Occupancy Tax and <br />Visitor's Service Fee and General Terminology Clean Up <br />ABSTRACT: <br />On July 24, 2012, Ordinance No. 2012 -18 (Attachment A) was introduced and approved <br />by City Council, amending the Newport Beach Municipal Code ( "NBMC ") to exempt <br />complimentary hotel rooms from Transient Occupancy Tax ( "TOT ") and the Visitor's <br />Service Fee ( "VSF "); and to update the terminology from "Administrative Services <br />Director" to "Finance Director." <br />RECOMMENDATION: <br />Conduct second reading and adopt Ordinance No. 2012 -18, amending NBMC Sections <br />3.16.040 and 3.28.035 to exempt complimentary hotel rooms from TOT and VSF; and <br />amending Sections 3.16.020, 3.16.030, 3.16.040, 3.16.050, 3.16.060, 3.16.070, <br />3.16.075, 3.16.085, 3.16.090, 3.16.110, 3.16.120, 3.16.140, 3.28.010, 3.28.035, <br />3.28.050, 3.28.055, 3.28.060, 3.28.070 and 3.28.085 to reflect the terminology change <br />from "Administrative Services Director" to "Finance Director." <br />FUNDING REQUIREMENTS: <br />There are no funding requirements related to this item, but there may be some fiscal <br />impact. TOT revenues may decrease in an undetermined amount. <br />