CC Resolution 2017-010 Financial Advisory CommissionRESOLUTION NO. 2017 - 010
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA
QUINTA, CALIFORNIA, CALLING FOR AN ORDINANCE TO
AMEND CHAPTER 2.70 OF THE MUNICIPAL CODE TO
EXPAND THE MEMBERSHIP AND DUTIES AND CHANGE THE
NAME OF THE INVESTMENT ADVISORY BOARD TO THE
FINANCIAL ADVISORY COMMISSION IN ORDER TO
FULFILL THE CITIZEN OVERSIGHT DUTIES SET FORTH IN
MEASURE G AND ORDINANCE 540
WHEREAS, Measure G, imposing a one percent transactions and use tax as set
forth in Ordinance No. 540, was passed by the La Quinta voters at the November 8,
2017 general municipal election; and
WHEREAS, Ordinance No. 540 Section 2 states: "CITIZEN OVERSIGHT. After this
Ordinance [No. 540] becomes effective, the City Council for the City of La Quinta, at an
open and public regular or special meeting, shall adopt a resolution that establishes a
process to ensure that the revenue received by the one percent (1%) transactions and
use tax imposed under this Ordinance will be subject to annual review by an
independent citizen oversight committee, and will remain used for the provision of
services, programs and capital projects in the City of La Quinta";
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta,
California, as follows:
Pursuant to Ordinance 540, Section 2, an ordinance shall be placed before the
City Council to amend Chapter 2.70 of the La Quinta Municipal Code to change the
name of the Investment Advisory Board to the Financial Advisory Commission and
expand the board membership, among other provisions, as instructed by the City
Council at the March 7, 2017 Study Session.
PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City
Council held on this 21st day of March 2017 by the following vote:
AYES: Council Members Fitzpatrick, Pena, Radi, Sanchez, Mayor Evans
NOES: None
ABSENT: None
ABSTAIN: None
Resolution No. 2017-010
Citizen Oversight of 1% Tax Approved by Measure G
Adopted: March 21, 2017
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ATTEST:
SUSAN MAYSELS, City Clerk
City of La Quinta, California
(CITY SEAL)
APPROVED AS TO FORM:
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
LINDA EVANS, Mayor
City of La Quinta, California