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File #: 21-72    Version: 1 Name:
Type: Minute Order Status: Action Item
File created: 7/20/2020 In control: City Council Meeting Agenda
On agenda: 7/27/2020 Final action:
Title: CC - (1) Discussion of Whether to Place a Measure on the November 3, 2020 General Municipal Election Ballot to Submit to the Voters an Amendment to Culver City Municipal Code Section 3.08.400 to Increase the Real Property Transfer Tax; (2) (If Desired) Creation of an Ad Hoc Real Property Transfer Tax Ballot Measure City Council Subcommittee; and (3) Direction to the City Manager as Deemed Appropriate.
Attachments: 1. 2020-07-27_ATT_CCMC Sections, 2. 2020-07-27_ATT_Transfer Taxes in Other California Juristictions, 3. 2020-07-27_ATT_UCLA Luskin School White Paper, 4. 2020-07-27_ATT_Example Tiered Rate Structure, 5. 2020-07-27_ATT_Preliminary Annual Revenue Projections HdL, 6. 2020-07-27_ATT_Preliminary Annual Revenue Projections Luskin
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CC - (1) Discussion of Whether to Place a Measure on the November 3, 2020 General Municipal Election Ballot to Submit to the Voters an Amendment to Culver City Municipal Code Section 3.08.400 to Increase the Real Property Transfer Tax; (2) (If Desired) Creation of an Ad Hoc Real Property Transfer Tax Ballot Measure City Council Subcommittee; and (3) Direction to the City Manager as Deemed Appropriate.

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Meeting Date: July 27, 2020

Contact Person/Dept: Jesse Mays, Assistant City Manager
Phone Number: (310) 253-6000

Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []

Public Hearing: [X] Action Item: [X] Attachments: [X]

Commission Action Required: Yes [] No [X] Date:

Public Notification: (E-Mail) Meetings and Agendas - City Council, Culver City News and Events, Chamber of Commerce, Fiscal and Budget Issues, Public Notifications, Finance Authority, Ballot Measure Updates, Press Organizations, Media Organizations (07/20/2020)
Department Approval: John Nachbar, City Manager, (07/23/2020)
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RECOMMENDATION

Staff recommends the City Council: (1) discuss whether to place a Measure on the November 3, 2020 General Municipal Election Ballot to submit to the voters an amendment to Culver City Municipal Code Section 3.08.400 to increase the real property transfer tax; (2) (if desired) create an Ad Hoc Real Property Transfer Tax Ballot Measure City Council Subcommittee; and (3) direction to the City Manager as deemed appropriate.

BACKGROUND

Charter cities, such as Culver City, may enact a real property transfer tax, which is imposed during the sale of real property, based on the value of the property. Courts have determined that such a tax, enacted by a charter city, does not violate either the California Constitution Article XIII A or Government Code ?53725, which prohibits a transaction tax on the sale or real property, but applie...

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