Laserfiche WebLink
ORDINANCE NO. 1766 <br />AN ORDINANCE OF THE TOWN OF LOS GATOS <br />AMENDING SECTION 24.60.010 OF CHAPTER 24 OF THE TOWN CODE <br />TO DECREASE THE REGULATORY FEE <br />SECTION 1 <br />Section 24.60.010 of Chapter 24 of the Town Code is hereby amended to read as <br />follows: <br />Sec. 24.60.010 Regulatory fee <br />I' - <br />For the sole purpose of reimbursing the Town for the costs of administering this <br />ordinance there is hereby imposed on each rental unit, subject to the provisions <br />of this Chapter, a regulatory fee of $18.00 per year which shall be paid <br />annually at the time at which the landlord's business license fee is due. A <br />landlord who fails to pay the fee within 30 days after the Town mails its bill <br />(or 30 days after adoption of this ordinance as to bills sent prior thereto) <br />shall (1) pay a 25% penalty, plus an additional 25% for every additional 30 <br />days, and shall also not be entitled to any rent increase until the full fee and <br />penalties are paid. The Town Manager shall report to the Council in time for <br />budget hearings each year his or her recommendation as to the amount of such fee <br />necessary to recover such costs. <br />SECTION 2 <br />This ordinance takes effect 30 days after it is adopted. Within 15 days after <br />this ordinance is adopted the Town Clerk shall cause it to be published once in a <br />newspaper of general circulation published and circulated in the Town. <br />This ordinance was introduced at a regular meeting of the Town <br />Council of the Town of Los Gatos on November 7 , 1988 and <br />adopted by the following vote as an ordinance of the Town of Los Gatos at <br />a regular meeting of the Town Council of the Town of Los Gatos <br />on November 21st , 1988. <br />