THIS IS AN IN-PERSON MEETING ONLY
AGENDA(S):
- SPECIAL CITY COUNCIL AGENDA
Wednesday, July 19, 2023, 10:00 a.m.
Multi-Purpose Room - Basement
440 Civic Center Plaza
Richmond, CA 94804
Members
Eduardo Martinez, Mayor at Large
Melvin Willis, Councilmember District 1
Cesar Zepeda, Councilmember District 2
Doria Robinson, Councilmember District 3
Soheila Bana, Councilmember District 4
Gayle McLaughlin, Vice Mayor, District 5
Claudia Jimenez, Councilmember District 6
Mayor Eduardo Martinez will be joining the meeting remotely from: Loews Regency New York, 540 Park Avenue, New York, NY 10065
Link to City Council Agendas/Packets
http://www.ci.richmond.ca.us/4157/City-ofRichmond-Council-Meetings Register to receive notification of new agendas, etc.
http://www.ci.richmond.ca.us/list.aspx
THIS MEETING WILL BE HELD IN-PERSON ONLY
HOW TO SUBMIT PUBLIC COMMENTS:
In Person: Anyone who desires to address the City Council during public comment must complete and file a pink speaker’s card with the City Clerk - no person shall be permitted to speak during public comment other than those persons who have submitted their names to the City Clerk.
Via email: to [email protected] by 8:30 a.m. the day of the meeting.
Emails MUST contain in the subject line 1) public comments
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Requests made by mail to City Clerk’s Office, City Council meeting, 450 Civic Center Plaza, Richmond, CA 94804 must be received at least two days before the meeting. Requests will be granted whenever possible and resolved in favor of accessibility.
Unless otherwise noted in an agenda description, all actions taken by the Council include a determination that CEQA does not apply (i.e., the action is not a project and therefore exempt from CEQA).
Disclaimer: The City Clerk's Office translates agendas to enhance public access. Translated agendas are provided as a courtesy and do not constitute legal notice of the meeting or items to be discussed. In case of discrepancy, the English agenda will prevail.
Pages
2 A. SPECIAL MEETING OF THE RICHMOND CITY COUNCIL
10:00 a.m.
B. ROLL CALL
C. STATEMENT OF CONFLICT OF INTEREST
D. AGENDA REVIEW
E. CONSENT CALENDAR
E.1 Tax Rate for Tax Override Pension Fund 4
ADOPT an ordinance (second reading) setting the tax rate for the Tax Override Pension Fund for Fiscal Year 2023-2024 at 0.14 percent – Finance Department (Mubeen Qader/ Antonio Banuelos 620-6741).
F. ADJOURNMENT
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July 19, 2023
Finance Department
DATE: July 19, 2023
TO: Mayor Martinez and Members of the City Council
FROM:
Nickie Mastay, Deputy City Manager, Internal Services
Mubeen Qader, Deputy Director of Finance
Antonio Banuelos, Accounting Manager
Subject:
Tax Rate for Tax Override Pension Fund
FINANCIAL IMPACT: The tax levy on the taxable and personal property located within the Taxing Districts is expected to yield $25.7
million to the City of Richmond’s Pension Tax Override
Fund. The tax rate is unchanged from the prior year and the revenue is projected to stay the same. The revenue is tied to the changes in Assessed Valuations for
Richmond properties.
PREVIOUS COUNCIL
ACTION:
N/A
STATEMENT OF THE
ISSUE:
The proposed ordinance sets the tax rate for the Tax
Override Pension Fund for Fiscal Year 2023-2024 at 0.14 percent, which is unchanged from the prior fiscal year.
RECOMMENDED ACTION: ADOPT an ordinance (second reading) setting the tax rate for the Tax Override Pension Fund for Fiscal Year
2022-2023 at 0.14 percent. – Finance Department
(Mubeen Qader/ Antonio Banuelos 620-6741).
AGENDA
REPORT
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July 19, 2023
DISCUSSION:
The proposed ordinance is prepared pursuant to Section 13.16.010 of the Municipal Code of the City of Richmond, which requires the City Council to fix the rate for each Taxing District of the City annually.
The tax rate for the Tax Pension Override upon all taxable real and personal property assessed in the City of Richmond, County of Contra Costa, State of California, for the fiscal year beginning July 1, 2023, and ending June 30, 2024, will be set at 0.14 percent. This rate is unchanged from prior years and is consistent with bond covenants that require the City to charge a maximum rate of 0.14 percent. Proceeds in excess of the bond repayment requirements are applied to relieve the City of qualified pension costs paid by the City’s General Fund.
DOCUMENTS ATTACHED:
Attachment 1 – Ordinance
5 ORDINANCE NO. ______________
AN ORDINANCE OF THE CITY OF RICHMOND SETTING THE TAX RATE FOR THE TAX OVERRIDE PENSION FUND FOR FISCAL YEAR 2023-2024
WHEREAS, Section 13.16.010 of the Municipal Code of the City of Richmond mandates the City Council to annually fix the tax rate for each revenue district of the City no later than its regular meeting in September; and
WHEREAS, Article 13, Section 1b of the Constitution of the State of California permits the levy of ad valorem tax to pay the interest and redemption charges on any indebtedness approved by the voters prior to July 1, 1978.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Richmond does ordain as follows:
Section 1. The rate of City tax upon all taxable real and personal property assessed in the City of Richmond, County of Contra Costa, State of California for the Fiscal Year beginning July 1, 2023, and ending June 30, 2024, is hereby fixed as follows:
FUND TAX RATE
Tax Override Pension 0.1400
Section 2. The tax for said Fiscal Year is hereby levied upon the taxable and personal property located within the Taxing Districts as noted above at said rates as hereinabove fixed.
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First introduced at a regular meeting of the City Council of the City of Richmond held on June 6, 2023, and finally passed and adopted at a special meeting held on July 19, 2023, by the following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
_____________________________________
Clerk of the City of Richmond
(SEAL)
Approved:
_______________________________
Mayor
Approved as to form:
____________________________
City Attorney
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