Ordinance 1801ORDINANCE NO. 1801
. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING SECTION 5.04.460 OF THE CITY'S ORDINANCE CODE SUBSTITUTING THE SAN
FRANCISCO/BAY AREA STANDARD METROPOLITAN STATISTICAL AREA FOR THE MONTH OF
OCTOBER IN LIEU OF THE MONTH OF SEPTEMBER
THE CITY COUNCIL OF THE CITY OF CUPERTINO HEREBY ORDAINS AS FOLLOWS:
1. Amendment
Section 5.04.460 of the City's ordinance code is amended to read as follows:
5.04.60 Indexing
Every tax imposed by this chapter shall be automatically increased each year by a percentage which
shall be equal to the percentage increase of the consumer price index as shall be reflected in the most recent
report of consumer prices for the San Francisco/Bay Area Standard Metropolitan Statistical Area using
1992 as the base year. The annual rate increase shall be calculated by dividing the consumer price index for
October of each current year by the base year with the resulting figure representing the percentage increase
for the tax due the following January. The formula shall be as follows:
A divided by B times C equals D
A =current year CPI; B =base year CPI; C =base year tax rate;
D =current year tax rate
(Ord. 1612 § 1 (part), 1992)
Publication Clause
The City Clerk shall cause this ordinance to be published at least once in a newspaper of general
circulation published and circulated in the City within IS days aRer its adoption, in accordance with
Government Code Section 36933, shall certify to the adoption of this ordinance and shall cause this ordinance
and her certification, together with proof of publication, to be entered in the Book of Ordinances of the Council
of this Ciry.
INTRODUCED at the regular City Council meeting of November 16, 1998, and ENACTED at a regular
meeting of the City Council of the City of Cupertino the 7th day of December 1998, by the following vote:
VOTE; Members of the Citv Council
AYES: HURNETT, CHANG, JAMES, STATTON, DEAN
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
AT'fC:ST: APPROVED:
• ~"`~~
City Clerk Mayor
STATE OF CALIFORNIA )
COUNTY OF SANTA CLARA )
CITY OF CUPERT[NO )
I, KIMBERLY SMITH, City Clerk and ex-officio Clerk of the City
Council of the City of Cupertino, California, do hereby certify the attached
to be a true and correct copy of Ordinance No. ~g17~ ,which
was enacted on p_,.,L~,e2, ?, ~ ~ ~~' ,and that it has
been published or posted pursuant to law (G.C. 40806).
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
D~` day of ~¢,>~„L/~2. , 19~.
/~~
KIMBERLY S H, City Clerk and Ex-officio Clerk
of the City Council of the City of Cupertino, California
orJinance ctrtificatc.doc
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