HomeMy WebLinkAboutResolution 18239 Use of Revenue Generated by Business License Tax MeasureCITY OF MOUNTAIN VIEW
RESOLUTION NO. 18239
SERIES 2018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOUNTAIN VIEW
REGARDING THE USE OF REVENUE GENERATED BY THE
BUSINESS LICENSE TAX MEASURE
WHEREAS, The City of Mountain View has actively been discussing the
placement of revenue measures on the November 6, 2018 ballot since December 2017;
and
WHEREAS, on June 5, 2018, the City Council directed staff to prepare a ballot
measure to restructure the Business License Tax, which has not had a fee adjustment
since 1954; and
WHEREAS, the City of Mountain View is experiencing significant growth in both
its residential and business population; and
WHEREAS, transportation/mobility improvements and affordable housing are
needed to accommodate this growth and maintain the quality of life in Mountain View;
and
WHEREAS, transportation and housing are two of the City Council's four Major
Goals; and
WHEREAS, while the City spends considerable sums on transportation and
mobility projects, as well as affordable housing, the need for investment in these
programs exceeds available resources; and
WHEREAS, on November 6, 2018, City of Mountain View voters will be asked to
restructure the business license tax to generate significantly more revenue based on the
number of employees working in the City of Mountain View; and
WHEREAS, through community surveys and at public outreach meetings, City of
Mountain View residents and businesses have been clear that transportation and
affordable housing are important spending priorities for any moneys generated by this
measure; and
WHEREAS, the City Council also expressed its intent to dedicate the bulk of the
revenue raised from a restructured business license tax to transportation and mobility
projects, with some also dedicated to affordable housing; and
WHEREAS, the use of these funds will benefit the businesses contributing the
funds, as well as the general Mountain View population, and the City intends to seek
input from stakeholders on the use of the funds;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Mountain View adopts the following policy with respect to the use of funds generated
by the restructured business license tax:
1. While the ballot measure is a general tax and may legally be used for
unrestricted general governmental purposes, the City Council intends to spend
approximately 80 percent of the revenue generated by the business license tax on
transportation and innovative transit solutions to improve traffic congestion in the City
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of Mountain View, including, but not limited to: bicycle, pedestrian, and vehicle -
separated routes across the railroad tracks, new transit systems to employment centers,
and the community shuttle.
2. The revenue will be leveraged to the greatest extent possible with other
funding sources for priority transportation projects; Council anticipates this will include
bonding against a significant portion of the revenue to support transportation and
related infrastructure projects.
3. Funds generated by the tax dedicated to transportation projects will be
deposited into the City's Transportation Reserve Fund to be accumulated and utilized
for qualified projects.
4. The City Council intends to direct at least 10 percent of the remaining
revenue toward affordable housing, including, but not limited to, permanent
supportive housing for the homeless and workforce housing for moderate -income
residents.
5. Remaining funds will be used for other permissible government purposes,
including, but not limited to, police, fire, and medical response public safety services.
b. It is the intent of the Council to preserve the use of funds as outlined in this
Resolution for at least ten (10) years following adoption of the restructured business
license tax by the voters.
7. An independent financial audit will be conducted each year regarding the
revenues and expenditures related to this revenue source and presented to the City
Council.
S. Council will work with the Mountain View Chamber of Commerce and other
local stakeholders on an implementation plan for the business license tax.
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The foregoing Resolution was regularly introduced and adopted at a Regular
Meeting of the City Council of the City of Mountain View, duly held on the 26th day of
June 2018, by the following vote:
AYES: Councilmembers Abe-Koga, Clark, McAlister, Rosenberg,
Showalter, Vice Mayor Matichak, and Mayor Siegel
NOES: None
ABSENT: None
ATTEST: APPROVED:
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CITY CLERK
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LEONARD M. SIEGEL
MAYOR
I do hereby certify that the foregoing Resolution was
passed and adopted by the City Council of the City of
Mountain View at a Regular Meeting held on the 26th
day of June 2018, by the foregoing vote.
4 i ' �Wt1L' M //-,
Clerk
City of Mountain View