CC Resolution No. 4755 ~ ~
RESOLUTION N0. 4755
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
I IN SUPPORT OF A FAIR AND EQUITABLE APPLICATION OF TAX
, SAVINGS ON HOUSING
WHEREAS, the adoption of Proposition 13 is predicted to save owners of
residential rental units expenses by a large reduction in property taxes;
and
WHEREAS, under Proposition 13 there is no provision for passing such
savings on to renters of such residential rental units, thus not assuring
the renters a savings in [heir housing cos[s; and
WHEREAS, the City of Cupertino is opposed at [his time to considering
any type of rent con[rol ordinance, as the City Council realizes that each
landlord may be impacted differently as the resul[ of the imposition of Prop-
osition 13; and
WHEREAS, such rent control on the City level would be difficult to admin-
ister resulting in more government costs and regulations and possible discrimina-
tion against some landlords, since the competitive market area covers more than
that of the City of Cupertino;
NOW, THEREFORE, BE IT RESOLVED that since the renters' plight must be recog-
nized in our effort to effect a fair and equi[able application of tax savings on
housing, the City Council of the City of Cupertino does hereby urge that owners
of all residential rental uni[s adopt whatever measures are possible to implement
[he sharing of said savings wi[h their tenan[s at the earliest possible date.
PASSED AND ADOPTED a[ a regular meeting of the City Council of the City of
Cupertino this 18th day of July , 1978, by [he following vote:
Vote Members of the Citv Council
AYES: 0'Keefe, Rogers, Sparks, Meyers
NOES: None
ABSENT: Jackson
ABSTAIN: None
ATTEST: APPROVED:
i
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City Cler~ Mayor Pro Tempore, Cit of Cupertino