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HomeMy WebLinkAboutReso - CC - 026-2018RESOLUTTON NO. 026-2018 RESOLUTION OF THE CIry COUNCIL OF THE CIry OF BURLINGAME APPROVING THE RECOMMENDED MEASURE I EXPENDITURE PLAN WHEREAS, in November, Burlingame's voters approved Measure l, a retail transactions and use tax of /+ percent, which effectively increases the sales tax rate in Burlingame from 8.75 percent to 9 percent; and WHEREAS, the tax will go into effect on April 1,2018, and the City will begin to see the increased revenues from the tax a few months later; and WHEREAS, the tax is estimated to raise between $1.75 million and $2 million annually, and the amount will vary somewhat from year to year depending on how well Budingame's local economy is doing; and WHEREAS, at the City Council's goal-setting meeting on January 27,2018, the City Council staff presented the City Council with a recommended expenditure plan for the Measure lfunds, and a majority of the Council agreed with staffs recommendation. NOW, THEREFORE, BE lT RESOLVED that the City Council of the City of Burlingame approves distributing the Measure I funds as follows: Community Center: Streets and sidewalks Police fficer: $1.0 million $575,000 +/- depending on actual receipts $200,000 Michael B g, Ma l, Meaghan Hassel-Shearer, City Clerk of the City of Burlingame, that the foregoing Resolution was adopted at a regular meeting of the on the 20th day of February, 2018, by the following vote: hereby certify ity Council held AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, KEIGHRAN, ORTIZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE earer,City