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CC Resolution No. 3455 -~f - RESOLUTION N0. 3455 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ESTABLISHING THE RATES OF THE EXCISE TAX ON THE CONSTRUCTION OF BUILDINGS AND MOBILE HOME LOTS IMPOSED BY ORDINANCE N0. 603, THE CONSTRUCTION TAX ORDINANCE OF THE CITY OF CUPERTINO WHEREAS, there has been enacted an ordinance known as the Construction Tax Ordinance of the City of Cupertino by which an excise tax is imposed on the construction of buildings and mobile home lots; and, WHEREAS, the said Construction Tax Ordinance requires that the rates of tax so imposed shall be established by resolution duly adopted by the City Council; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cupertino does hereby establish the following rates of tax to be imposed pursuant to the said Construction Tax Ordinance: l. For each residential dwelling unit constructed in a development within a dwelling unit density range of 0- 4.4 units per acre $150.00 2. For each residential dwelling unit constructed in a development with a dwelling unit density range of 4.4 - 7.6 units per acre 130.00 3. For each residential dwelling unit constructed in a development with a dwelling unit density range of 7.6 - 10 units per acre 115.00 4. For each residential dwelling unit constructed in a development with a dwelling unit density range of 10 - 12 units per acre 95.00 5. For each residential dwelling unit constructed in a development with a dwelling unit density range of 12 - 16 units per acre 75.00 6. For each mobile home lot in a mobile home park . 85.00 7. For any building, or portion thereof, planned or designed for business, commercial or industrial uses, or for any use other than a residential dwell- ing unit as defined in the said • Construction Tax Ordinance 0.08 per square foot of floor space PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 18th day of March 1.974, by the following vote: Vote Members of the City Council AYES- Jackson, Meyers, Nellis, Sparks NOES: None ABSENT: Frolich ABSTAIN: ATTEST: City Clerk APPROVED: • • • -2-