HomeMy WebLinkAboutCC Reso No 1969-1297_ RECON 1 ING THAT '= EL51rro1',. JUZ5TiUE UuUnT nr:Mu 11r i v
ELSINORE AND NOT BE CONSIDERED FOR CHANGE.
WHEREAS the Elsinore City Council has considered the effect in the area served by the Elsinore Justice
Court if a change in the location is made or a change in service of the court is decreased and,
WHEREAS the City Council has dtermend that such change would be detaimental to the peopla in the area
served by the Elsinore Justice Court and cause the people.increased costs if the court were relocated or
services of the Court were decreased.
NOW THEREFORE BE IT RESOLVED that the Elsinore City Council recommends to the Riverside County Board of
Supervisors that the Elsinore Justice Court not be considered for any change which would decrease the present
level of service.
PASSED AND ADOPTED by the City Council of the City of Elsinore on the 22nd day of September, 1969.
Florere Marshall
City Clerk
Norman L. Chaffin
N %yor
RESOLUTION NO. 1297
A RESOLUTION OPPOSING CHANGE IN TAX-EXEMPT STATUS OF MUNICIPAL BONDS
RESOLVED, by the City Council of the City of Elsinore, California, that
WHEREAS, this City Council is informed that the Congress of the United States, in seeking acceptable methods
of tax reform, is again considering the possibility of removing or otherwise changing the tax - exempt status of
interest on municipal obligations, or limiting individual tax preferences in such a manner as to directly affect
the market value of otherwise exempt securities, and that legislation to this effect has been passed by the
House of Representatives;
WHERE,5, any such change would have catastrophic consequences on the economy of all local governments
throughout the United Stateg, including this City, in that the market for any securities of many local
government agencies would disappear completely, the cost of municipal financing would materially increase for
those which would market their securities at all, property taxes would universally increase to a substantial
extent because of the greater expense involved in higher interest rates, charges for municipal utility service
would substantially increase because of the higher cost of revenue financing, federal subventions would have to
be increased and the cost of administering federal programs would go up proportionately, all to the material
detriment of local and municipal taxpayers throughout the United States, including the taxpayers of this City.
NOW, THEREFORE, IT IS DETERMINED and ORDERED, that this City Council is strongly opposed to any legislation
which would rescind, modify or in any way weaken the tax - exempt status of interest on municipal obligations,
including the tax reform bill which has been passed by the House, (H.R. 13270, gist Congress, 1st session) and
the honorable representatives of the State of California in the Congress of the United States are respectfully
urged to oppose any such proposed legislation with vigor and fortitude.
I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and
adopted by the City Council of the City of Elsinore, California, at a meeting thereof held on the 22nd
day of September, 1969, by the following vote of the members thereof:
Ayes, and in favor thereof, Councilmen Cartier, Perkins Mayor Chaffin
Noes, Councilman Carter
Absent, Counci man Bittle.
Norman L. Chaffin
Mayor
Florene Marshall
City Clerk