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CC Report —Repeal of Section 3.28.139 <br />August 1, 2000 <br />Page 2 of 3 <br />from the SBOE. Upon the effective date of the cancellation of the SBOE Administration <br />Agreement the Agency will no longer receive any payments from the SBOE for the sales taxes <br />generated by the Shopping Center. All future sales tax reimbursement payments from the <br />Agency to the City shall also cease upon the termination of the SBOE Agreement as the City <br />shall receive these payments directly from the SBOE. <br />Because the Agency has reimbursed the City for the amount of sales taxes diverted, terminating <br />the SBOE Agreement will have no financial impact to either entity. <br />-•- - •nment Director <br />Environmental Impact: <br />None <br />Recommendation: <br />Waive full reading and approve Second reading of Ordinance No. 0-08-00 <br />ORDINANCE NO. 0-08-00 -- AN ORDINANCE OF THE CITY OF COLTON, CALIFORNIA <br />REPEALING ORDINANCE 0-25-93 AND AMENDING CHAPTER 3.28 OF THE COLTON <br />MUNICIPAL CODE BY DELETING SECTION 3.28.139. <br />Attachments: <br />Exhibit "A" - Copy of Ordinance 2-93 and Resolution 614 <br />Exhibit "B" - Copy of Ordinance 0-25-93 <br />Exhibit "C' - Copy of Ordinance No. 0-08-00 <br />Staff Report Prepared by Greg Lantz, Program Manager <br />R:\ShareRDA\Staff\Greg\Plaza Las Glorias\CC PLG Tax Report.doc <br />