HomeMy WebLinkAboutRedevelopment Agency - 348 RESOLUTION NO. 348
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON
BEACH ELECTING TO REMIT TO THE CITY OF HUNTINGTON BEACH TRANSIENT
OCCUPANCY TAX REVENUES FOR THE WATERFRONT BEACH HILTON
ALLOCATED TO THE REDEVELOPMENT AGENCY PURSUANT TO
REDEVELOPMENT AGENCY ORDINANCE NOS. 1 AND 2
WHEREAS, California Revenue and Taxation Code Section 7280.5 permits the
redevelopment agency of any city that has levied a transient occupancy tax pursuant to Section
7280 to adopt an ordinance levying a transient occupancy tax if the city's ordinance entitles any
person subject to the tax under the city's ordinance to credit the amount of taxes due to the
agency against the payment of taxes due under the city's ordinance; and
The City Council of the City of Huntington Beach ("City") has adopted a transient
occupancy tax ordinance consistent with the provisions of Revenue and Taxation Code Sections
7280 and 2780.5; and
The Redevelopment Agency of the City of Huntington Beach (the "Agency") adopted
Ordinance Nos. 1 and 2 levying a transient occupancy tax pursuant to Revenue and Taxation
Code Section 7280 applicable to the privilege of occupying a room or rooms in a hotel, inn,
tourist home or house, motel, or other lodging located within the entire Main-Pier subarea of the
Huntington Beach Redevelopment Project area; and
The Agency has now determined that the transient occupancy taxes for the Waterfront
Beach Hotel, which is located within the Main-Pier Redevelopment subarea, are not required to
enable the Agency to timely make payments to any developer pursuant to any outstanding
Disposition and Development Agreements and/or Owner Participation Agreements by and
between the Agency relating to redevelopment projects within the Main-Pier Redevelopment'
subarea, as the same may be amended from time to time;
Commencing fiscal year 2003/2004, the Agency desires to remit to the City the transient
occupancy tax revenues collected on the occupancy of a room or rooms at the Waterfront Beach
Hotel allocated to the Agency pursuant to Agency Ordinance Nos. 1 and 2.
NOW, THEREFORE, the Redevelopment Agency of the City of Huntington Beach does
resolve as follows:
SECTION 1. That the transient occupancy taxes applicable to the privilege of occupying
a room or rooms at the Waterfront Beach Hotel are not required to enable the Agency to timely
make payments to any developer pursuant to any outstanding Disposition and Development
Agreements and/or Owner Participation Agreements by and between the Agency relating to
redevelopment projects within the Main-Pier Redevelopment subarea, as the same may be
amended from time to time.
GARESOLUM2004\Agency-TOT Election.docI
Res. No. 348
SECTION 2. That the transient occupancy tax revenues collected on the occupancy of a
room or rooms at the Waterfront Beach Hotel and allocated to the Agency pursuant to Agency
Ordinance Nos. 1 and 2 shall be remitted to the City of Huntington Beach commencing in fiscal
year 2003/2004.
PASSED AND ADOPTED by the Redevelopment Agency of the City of Huntington
Beach at a regular meeting thereof held on the 2nd day of .February 2004.
Chairpe
ATTEST: APPROVED AS TO FORM:
gency er A ency Attorney
REVIEWED AND APPROVED: INITIATED AND APPROVED:
V _
Exe ive Director Director of Economic ffevelopment
G:\RESOLUTN\2004\Agency-TOI'Election.doc2
Res. No. 348
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, Clerk of the Redevelopment
Agency of the City of Huntington Beach, California, DO HEREBY
CERTIFY that the foregoing resolution was duly adopted by the
Redevelopment Agency of the City of Huntington Beach at a regular
meeting of said Redevelopment Agency held on the 2nd day of February
2004 and that it was so adopted by the following vote:
AYES: Sullivan, Coerper, Hardy, Green, Boardman
NOES: None
ABSENT: Cook, Houchen
ABSTAIN: None
N
"iifl4-
Clerk of the Redevelopmen Agency
of the City of Huntingt n Beach, CA