iOVEDASTO FORM AND LEGALITY

t
INTRODUCED BY COUNC1LMEMBER. """
CITY ATTORNEY
ORDINANCE No. 11 630 C. M. S.
AUTHORIZING THE AMENDMENT OF CHAPTER 5,
'^ AFTf ICLE 27, SECTION 2, OF THE OAK LAND MUNICIPAL
CODE PROVIDING FOR AN INCREASE OF THE REAL
^ ESTATE TRANSFER TAX
WH EREAS, the City Council of Oakland adopted Chapter 5, Article 2 7 , of the
Oakland Municipal Code ("CMC") providing f or the taxation of transf ers of real property
within the boundaries of the City of Oakland; and
WH EREAS, the City wishes to increase the rate charged f or such transf ers; and
f
v
WH EREAS, Chapter 5, Article 2 7 , Section 5-2 7 .02 requires amendment in order
tcf clarif y the application of this tax to all transf ers, not specif ically exempted, whether or
not? made in exchange f or money;
The Council of the City of Oakland does ordain as f ollows:
Section 1, Section 5-2 7 ,02 is hereby amended as f ollows:
Sec. 5 -2 7 .02 IMPOSITION OF TAX . There is hereby imposed a tax on all
transf ers by deeds, instruments, writings, or any other document by which any lands,
tenements or other interests in real property located in the City of Oakland, are or is
granted, assigned, transf erred or otherwise conveyed to or vested in a transf eree, or
transf erees thereof , which shall be levied at the rate of (1%) ono and ono-quartor
porcont (1 .25%) one and one-half percent (1.50%) of the value of consideration.
Section 2 . This amendment becomes ef f ective upon passage.
3893
IN COUNCIL, OAK LAND, CALIFORNIA, _ , 19
PASSED BY THE FOLLOWING VOTE:
AYES B AYf F O N , DE LA F UEN TE, JORDAN,&MILKY, OGAWA, 3K3 XK2BKXB3B6 and KBEXXSEKK, -5
8ftPX3?
N O ES HARRI S, JO N ES, SPEES, - 3
ABSENT- N O N E
AB STEN TIO N MO O RE, - 1
ATTEST'
CEDA FBOYD '
City Clerk and Clerk of the Council
eoo-24 1 (i/gi) of the City of Oakland, Calif ornia
aklanb QTribunt
66 Jack London Square, Oakland, CA 94 607
(510)208-6300
LEGAL NO.
4 997
NOTICE AND DIGEST
AUTH ORIZ ING TH E
AMENDMENT OF
CHAPTER 5, ARTICLE 27,
SECTION 2, OF THE OAK -
LAND MUNICIPAL CODE
PROVIDING FOR AN
INCREASE OF THE REAL
ESTATE TRANSFER TAX
Thtt Ordinance Increases the
real estate transfer tax Im-
posed on transfers of real
property located In the City of
Oakland to one and one-naif
percent (1.5%) of the value of
the coroWeratton.
This Ordinance was Intro-
duced at the rwutar Council
totlnfl, Tuesday awnina,
Juty 37, W93, and passed to
print fr Avas, 3 Noes. Heariw
on final adoption Is sat for
regular Council Meeting at the
Lakeside P ark Garden
Center, *M BeNevue Avenue,
Oakland, Cajttrnla, Tuesday
Auwst 3, 1993 at 7sn P.m.
Three f uf l copies art watt-
able for use and examination
by the pubflc In the Office of
me Cflv Oar* at 5 MM
Street, SuNa 4 09, Oakland,
California,
CEDA FLOYD, City Clerk
Ut)
PROOF OF PUBLICATION
Case No
In the matter of
City of Oakland City Clerk
increase real estate transfer tax
.
A
.
lic1
:
a
..
Bla
.
ke
deposes and
says that he/she was the Public Notice Advertising Clerit of THE
OAKLAND TRIBUNE a newspaper of general circulation as
defined by Government Code Section 6000, adjudicated as such
by the Superior Court of the State of Califomia, County of Alameda
(Order No. 237796, December 4 ,195 1) which is published and
circulated in Oakland Township in said county and state seven
days a week.
That the
N ot i ce and Di gest
of which the annexed is a printed copy, was published in every
issue of THE OAKLAND TRIBUNE on the following dates:
Ju l y 31, 1993
I certif y (or declare) under penalty of perjury that the foregoing
is true and correct.
Date... August. 3,
at Oakland, California.
1993
Public Notice Advertising Clerk
c
v-^
o
QTh eaklrnifc ari
66 Jack London Square, Oakland, CA 94 607
(510)208-6300
LEGAL NO. 4 997
NOTICE AND DIGEST
AUTH ORIZ ING TH E
AMENDMENT OF
CHAPTER 5, ARTICLE 27,
SECTION 2. OF THE OAK -
LAND MUNICIPAL CODE
PROVIDING FOR AN
INCREASE OF THE REAL
ESTATE TRANSFER TAX
This Ordinance Increases the
rw! estate transfer tax im-
posed on transf ers of real
properly located in the City of
Oakland to one and one-half
percent fl.5%) of the value of
the consideration.
This Ordinance was Intro-
duced at the regular Council
Meeting, Tuesday evening,
July 27, 1993, and passed to
print 6 Ayes, 3 Noes. Hearing
on final adoption is set for
regular Council Meeting at the
Lakeside P ark Garden
Center, 666 Bellevue Avenue,
Oakland, California, Tuesday
Auoust 3, 1993 at 7-30 p.m.
Three luUcopies are avail-
able for use and examination
by the public in the Of f ice of
the City CterK at 505 Mth
Street, Suite 609, Oakland,
California.
CEDA FLOYD, City Clerk
JujY 31*. 1993 (10
PROOF OF PUBLICATION
Case No
In the matter of
City of Oakland City Clerk
increase real estate transfer tax
deposes and
says that he/she was the Public Notice Advertising Clerk of THE
OAKLAND TRIBUNE a newspaper of general circulation as
defined by Government Code Section 6000, adjudicated as such
by the Superior Court of the State of California, County of Alamsda
(Order No. 237798, December 4 ,1951) which is published and
circulated in Oakland Township in said county and state seven
days a week.
That the
N ot i ce and Di gest
of which the annexed is a printed copy, was published in every
issue of THE OAK LAND TRIBUNE on the following dates:
Ju l y 31, 1993
I certify f or declare
, H to 2 i.rti.tf * "*-'
' i j < i- '
r penalty of perjury that the foregoing
Date, .
at Oakland, California.
' '.' '. UK
Public Notice Advertising Clerk