HomeMy WebLinkAbout1739 - Property Development TaxORDINANCE NO. 1739
AN ORDINANCE OF THE CITY OF NEWPORT 'BEACH
AMENDING SECTION 3.12.030 OF THE NEWPORT
BEACH MUNICIPAL CODE TO INCREASE THE AMOUNT
OF PROPERTY DEVELOPMENT TAX IMPOSED
The City Council of the City of Newport Beach DOES
ORDAIN as follows:
SECTION 1. Section 3.12.030 of the Newport Beach
Municipal Code is amended to read:
"3.12.030. Imposition of Excise Tax. A. Tax Imposed
An excise tax is hereby imposed upon the construction and
occupancy of each residential unit, commercial unit,
industrial unit, and mobilehome park in the City in the
amount of $.21 per square foot of gross floor area for all
classes of new construction, including any area in a
building designed for the parking of vehicles.
• B. Due Date. The amount of the tax due hereunder
shall be determined at the time a building permit is sought
for the construction of residential, commercial or
industrial units or buildings, or for the construction
or reconstruction of any mobilehome park, and the full
amount of the tax shall be due and payable concurrently
with the application for such permit. If such tax is not
fully paid on or before the due date the permit is issued,
the tax or the amount thereof not paid shall thereupon
become delinquent.
C. Delinquency, Penalty, Interest. There shall be
added to the tax for any unit or so much of the tax as
becomes delinquent a penalty of twenty -five percent (25 %)
which shall thereupon become payable in the same manner
• as the tax. The tax and penalty shall bear interest at the
•
rate of .75 of one percent per month until paid."
SECTION 2. This Ordinance shall be published once
in the official newspaper of the City, and the same shall be
effective thirty (30) days after the date of its adoption.
This Ordinance was introduced at a regular meeting
of the City Council of the City of Newport Beach held on the
23rd day of May 1977, and was adopted on the
13th day of June 1977, by the following vote,
to wit:
AYES, COUNCILMEN: Dostal, Barrett
McInnis, Rogers, Ryckoff, Williams
NOES, COUNCILMEN: None
ABSENT COUNCILMEN: Kuehn
CERTI;-iED AS THE ORIGINAL AND
C"cMiHED AS TO PUBLICATION
JUN,] 5 1977
DATE ....-- _�.t ......... ......
IN CLEM OF THE IW OF N_=W T BEACW
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HRC:yz
5/13/77