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ORDINANCE NO. 1314 <br />ORDINANCE OF THE TOWN OF LOS GATOS <br />AMENDING THE TOWN CODE TO ADD AN <br />UNDERGROUND UTILITY TAX <br />THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN, AS <br />FOLLOWS: <br />SECTION 1. <br />Section 15 ®76 of the Code of the Town of Los Gatos is amended <br />to read: <br />SEC. 15 -76 TAX RATES <br />The taxes imposed by this Article are: <br />(a) Capital Improvement Tax: <br />1. $.10 for each square foot of floor area of <br />building. <br />2. $.10 for each square foot of building addition <br />or alterations which increases the floor area <br />of an existing building. <br />(b) Underground Utility Tax: <br />1. $.30 for each square foot of building. <br />2. $.30 for each square foot of building addition <br />or alteration which increases the floor area of <br />an existing building. <br />SECTION 2. <br />Section 15 ®82 of the Code of the Town of Los Gatos is amended <br />to read: <br />Be <br />