From the Agenda:
RES40388 A resolution stating the City’s intent to authorize the maximum capacity of the tax authorized under the provisions of Substitute House Bill 1406 for affordable and supportive housing. [Jeff Robinson, Director, Community and Economic Development]
ORD28599 (First and Final Reading) An ordinance amending Chapter 6A.70 of the Municipal Code, relating to Local Option Taxes, by adding Section 6A.70.047 entitled “Credit against state’s share of tax - sales or use tax for affordable housing - Imposition” and Section 6A.70.048 entitled “Credit against state’s share of tax - sales or use tax for affordable housing - Rate” to authorize the maximum capacity of the tax authorized under the provisions of Substitute House Bill 1406 for affordable and supportive housing; and declaring an emergency, making necessary the passage of this ordinance and it becoming effective immediately. [Jeff Robinson, Director, Community and Economic Development]