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Staff Report PREPARED BY : ROBERT SCHULTZ Town Attorney Reviewed by: Town Manager, Assistant Town Manager, and Finance Director 110 E. Main Street Los Gatos, CA 95030 ● 40 8 -354 -68 32 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 06 /19 /2018 ITEM NO: 6 D ATE : J UNE 12 , 2018 TO : MAYOR AND TOWN COUNCIL FROM: LAUREL PREV E TTI, TOWN MANAGER ROBERT SCHULTZ, TOWN ATTORNEY SUBJECT: ADOPT AN ORDINANCE OF THE TOWN OF LOS GATOS, CALIFORNIA IMPOSING A G ENERAL TRANSACTIONS AND USE TAX RECOMMENDATION : Adopt ordinance that was introduced at the Town Council meeting of June 5, 2018 , imposing a general transaction and use tax for a period of twenty years if a majority of the Town’s q ualified voters approve the ballot measure at the November 6, 2018, regular municipal election. BACKGROUND : On June 5, 2018 , the Council considered and voted to introduce an Ordinance (Attachment 1) imposing a general transaction and use tax for a period of twenty years if a majority of the Town’s qualified voters approve the ballot measure at the November 6, 2018, regular municipal election. DISCUSSION: Pursuant to State law, the Council must adopt the proposed ordinance in order to place the gen eral transaction and use tax on the ballot. CONCLUSION : Council should move for the adoption of the attached Ordinance. Attachments: 1. Draft Ordinance