CC Resolution No. 1859 . ~
.r ~OLCR'~ ~ID. lllS~9
~~,11QLUT:Obi ~jF 7'HE CY~'? (~II. O~ ~:ITY Ol~ CU~'I~TLiO
~1l1"i?t~Y~ ~8~+:~c:~ ll~i TAX-~T :~"xAZUB 0? 1~iIC~'AL
~l~iS ~ tthi• ~i~ty ir :'ttfoxs~d ~tl~at tl~e Cot~xMra of t~ {Ja~trd
~~~~s, i~a ~i~ acce~CabLn w~tbv~3~ af t,ax rMi~o~nr~ ia aZain cosui.d~rri~
t~s p~oi~i~ili.t~? of r~wavi~ or otb~s~M~s absa~i~ tb~ tax-sx~,$rpt •tatus
' of i~t~ ot~ rruaicipal ubli~atisns. or 9.l~s~t9ra* iirdivi~wl tiuc pro~EarsAC:a•
ia ~uch a~ wr~r as tia directly s~f+ECt z~s ~rk~t vrlus of atb~rMi+a exa~pt
~wcuritirs. aad t1~t Iuoi~IatS.on to this sf#~t h+~s bisa pa~?~iad bp t1~ Houae
sf R+~p~eseatativts; aad
~.E115, aay auch chaog~e ~wld i~sv?s c~ta~tro~hic coaa~quiau:~s aa
tla ~coa~~? of ~11 Ixal. ~cv?ir~at.~ thiou~,t~ut t1N Uaftsd Staees, iaaeluding
tbia Citp, in that tbe rW?rkat f~r aay a~curit3~a of r~r. local ~pvsr~~t
a~s~ci~s ~auld dia~ppr:x~r co~l.~t~ely. Lb~ co~t of ~u?icipal ~inancin= vauld
~a~atr~isll~ iacr~ea~se f~r ~how~ r~h~ch ~ould ~skat ~`b~ir sacu~ities at Rll~
prop~rl:y t,ax~~ would univirualS~y incr~se ta a~ub~ta~ttixl axtent b~cause
, of tb~ ~zm~ater axpena~ tnv~clv~d in hisbur 3~atars~t r,~te~~ charges for a~uni-
cS.~al uc~.lit~r servi~e v~uld rub~tsatially it~crea~a ba.c~u~e o~ Che hi~bRs
ca~t of sevtaue finar.cing, fsdera:t a~abv~ntionr would h,~ve to bs in~reastd
a~I the ~ost of ~dmiaist~aring f~d~~ral progrswA vould up proportiot~tely~
r111 to r:~ maCari~l 3etrirac~nt of ].oGal aad ~uaicipal ta~xpayers thr~ughout
tb~s UaiteQ St~te~. iacludin~ the t~xpayer• a~ this City;
~OU, THFitEF~Z£~ 8E IT RLSQLVF~ thit f.his Cilty ir stz~oa$ly opposed
zo anp I+r.~iMlation V:.ich ~rould reacia~d, ~d:f~ or ia en9 t~ty ~aken the tax-
e~ca~t sts~us ef intereat an ouni.cipal pbl.l.=i.tions. including the rax raform
bill ~rh~zb has beea p~s~ed by the I~ouse ~(H.bt. 13270~ 91st Congreas, lot
sx~sion7 and tbe ho:a:•able repre~:aeati.ves af thu St~tt of Califoraia in the
Con~r:sa a~ the Unite3 Stat~• ar~ res~,+~ctfc:IY~? ut•g~d to oppowe any such pro--
p~ossd Ic~isl~tion with vi~ox and for.titud~.
~ASSED AND .1..~^OPTE~ at a.•cgular ~eetiug of the City Council of the
City of ^Csptrriuo t~is x8th d~y aE A~a~ust . 1969 by the folloWing vate:
ATES: Couucilme~ - 8~eav~n, Fitz~~eralci. Noal, Stokaa~ Den~pater
~10ES: CaunCilmec - ~one
A3S8bi'I': GouACilcners - :ione
A~'.l°'iQNH~ :
f_ ~
_ ~ ~
t,.~
~ ~ity of Cuper tno •-.r
?1 T~S7 :
~
• C %
G~ty Cle~-t ~
. ~ . . . . . . .