HomeMy WebLinkAboutAdditional CoA for Wal-Mart Supercenter ProjectAdditional Condition of Approval for Proposed Wal-Mart
Supercenter Project (Read into the Record)
Permittee shall require that all qualifying contractors and
subcontractors exercise their option to obtain a Board of
Equalization sub-permit for the jobsite and allocate all eligible sales
and use tax payments to the City of Lake Elsinore. Prior to
commencement of any construction activity on-site the developer
will require that the contractor or subcontractor provide the City of
Lake Elsinore with either a copy of their Board of Equalization
account number and sub-permit, or a statement that the sales &
use tax does not apply to their portion of the project. To accomplish
this, Permittee shall either cause its construction contractor to treat
the project in accordance with California Regulation 1521 (b)(2XB),
California Regulation 1521 (c)(1 3XB), and California Regulation
1826(b) for sales and use tax purposes or form a "Buying
Company:" as defined in the State of California Board of
Equalization Regulation 1699(h). Permittee can adopt an
alternative methodology to accomplish this goal if such
methodology is approved by the City of Lake Elsinore City Manager
prior to issuance of building permits.
Permittee shall direct use taxes on out-of-City taxable purchased
construction related items to the City of Lake Elsinore, consistent
with state sales and use tax law. Permitee shall use its best efforts,
consistent with state law, to source taxable purchases from price
competition construction retail vendors within the City of Lake
Elsinore to further source sales to the City.