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<br />1 <br /> <br />ROLL CALL <br /> <br />REVENUE <br />TAXATION <br />(Proposed) <br /> <br />~"~ <br />;; flJV./ <br />./) <br /> <br />1 <br /> <br />MOTION TO <br />IMPOSE <br />PARKING TAX <br /> <br />18:7309 <br /> <br />MINUTES <br /> <br />CITY COUNCIL OF THE CITY OF ARCADIA <br /> <br />ADJOURNED REGULAR MEETING <br /> <br />JULY 30, 1968 <br /> <br />The City Council of the City of Arcadia, California, met in adjourned <br />regular session at 7:30 P,M. in the Conference Room of the City Hall. <br /> <br />PRESENT: <br />ABSENT: <br /> <br />Councilmen Arth, Butterworth, Considine, Helms, Hage <br />None <br /> <br />The City Manager summarized his report on the financial outlook of <br />the city pertaining to city funds supported by property tax revenue <br />referred to as tax supported funds or tax funds. Attached thereto <br />were reports of changes in unappropriated surplus in fiscal year <br />1967-68 and surplus available for appropriation in 1968-69 (as of <br />July 23, 1968). The City Manager explained that the current year's <br />budget anticipated expenditures will exceed the revenue by $112,960; <br />that anticipating this Council authorized a new source of revenue in <br />the amount of $65,000 (future use estimates also anticipate the <br />continuance of the need for this additional source of revenue). He <br />noted the estimated drop in business inventory revenue, in property <br />taxes and the revised distribution of the cigarette tax. <br /> <br />Under new revenue possibilities a parking tax of 10~ per vehicle had <br />been under consideration, which tax would primarily affect Santa <br />Anita Race Track. Robert Strub, Los Angeles Turf Club President, <br />asked Council to delay any action until after August 6 when the <br />California Horse Racing Commission will meet to determine whether <br />the Oak Tree Racing Association will be allowed to lease the track <br />facilities from November 12 to December 7 of this year. Fred H. <br />Ryan, Vice President and General Manager of the Los Angeles Turf <br />Club noted that the track officials endeavor to resist any increased <br />cost due to customer resistance and with the proposed ten cent <br />parking tax 60~ would have to be charged for parking and expressed <br />concern with the cumbersome element involved in making change which <br />could cause back up in traffic. <br /> <br />In noting the increased admissions tax, sales and business license <br />revenue should Oak Tree be allowed to race this year, discussion <br />was held on using the possible $79,000 revenue to balance the <br />budget. However; Councilmen Arth, Butterworth and Helms felt that <br />the tradition of placing admissions revenue in the capital improvement <br />fund should apply to any additional revenue gained ~n the additional <br />racing days provided by the Oak Tree proposal and felt council should <br />go ahead and establish a parking tax which would be used for operating <br />expenses, Mayor Hage and Councilman Considine could see no harm in <br />delaying the action as requested by Mr. Strub, Whereupon Councilman <br />Considine MOVED for a delay until August 12 at which time Council <br />could determine one way or another, Mayor Rage seconded the motion <br />which did not carryon the following roll call vote, <br /> <br />. .-...,. -. ..,. ~.~ ,..... . <br /> <br />:..'';- :.-:, y <br /> <br />AYES: <br />NOES: <br />ABSENT: <br /> <br />Councilman Considine, Hage <br />Councilmen Arth, Butterworth, Helms <br />None <br /> <br />Councilman Butterworth then MOVED to impose a parking tax of 10~ <br />per vehicle (as one source of additional income for operating <br />expenses). Motion seconded by Councilman Arth. <br /> <br />Mayor Rage emphasized the need for additional sources of revenue and <br /> <br />7-30-68 <br /> <br />- 1 - <br />