Ordinance 2641CITY OF ALAMEDA ORDINANCE NO.
New Ser ies
2641
AMENDING THE ALAMEDA MUNICIPAL CODE BY ADDING
SUBSECTION 3-28.9 TO SECTION 3-28 (PAYMENT OF
TAXES), DIVISION IV (LEVY AND COLLECTION OF
TAXES), CHAPTER III (FINANCE AND TAXATION)
THEREOF PERTAINING TO PAYMENT BY CITY
ENTERPRISE FUNDS OF AN ANNUAL IN-LIEU TAX OF
1% OF FIXED ASSETS.
BE IT ORDAINED by the Council of the city of Alamedathat:
Section 1 The Alameda Municipal Code is hereby
amended by adding Subsection 3-28.9 to Section 3-28 (Payment ofTaxes), Division IV (Levy and Collection of Taxes), Chapter III
(Finance and Taxation) thereof , to read as follows:
3-28 PAYMENT OF TAXES.
3-28.Payment In-Lieu of Taxes (PILOT)
City Enterprise Funds shall annually pay 1% of fixedassets in lieu of taxes. The basis for the tax to be the value of
fixed assets at June 30 of the preceding year.
section 2 This Ordinance shall be in full force and
effective immediately following its final passage per section 3-12
of the City Charter.
Council
Attest:
J)tiLt 4'-;
City Clerk
, the undersigned hereby certify that the foregoing Ordinance was
duly and regularly adopted and passed by the Council of the City of
Alameda in regular meeting assembled on the 21 s t day of,September , 1993 by the following vote to wit:
NOES:
Councilmembers Appezzato, Lucas , Roth and
President Wi throw - 4.
Councilman Arnerich -
AYES :
ABSENT:None.
ABSTENTIONS:None .
IN WITNESS , WHEREOF , I have hereunto set my hand and aff ixed the
official seal of said City this 22nq_- day of September , 1993.
Diane B. Felsch , City
City of Alameda
Clerk