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HomeMy WebLinkAbout1315 - Real Property Transfer Tax0 • ORDINANCE NO. 1315 AN ORDINANCE OF THE CITY OF NEWPORT BEACH AMENDING SECTION 3.22.050 OF THE NEWPORT BEACH MUNICIPAL CODE RELATING TO EXEMPTION OF GOVERNMENTAL AGENCIES FROM REAL PROPERTY TRANSFER TAX The City Council of the City of Newport Beach does ordain as follows: SECTION 1. Section 3.22.050 of the Newport Beach Municipal Code is amended to read. "3.22.050 Exemption -- Governmental Agencies. Any deed, instrument or writing to which the United States or any agency or instrumentality thereof, any state or territory, or political subdivision thereof, is a party shall be exempt from the tax imposed pursuant to this Chapter when the exempt agency is acquiring title," SECTION 2. This ordinance shall be published once in the official newspaper of the City, and the same shall be effective 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 13th day of October , 1969, and was adopted on the 27th day of October , 1969, by the following vote, to wit. ATTEST: i City CIerK CERTIFIED AS THE ORIG NAL AND CERTIFIED AS TO PURICATITION . . Tf ctsaft26 crn QF wyom ow= AYES, COUNCILMEN. McInnis, Shelton, Parsons, Marshall, Rogers, Hirth, Gruber NOES, COUNCILMEN: None ABSENT COUNCILMEN. None 10/7 69