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<br /> <br /> <br />T0: FROM: Date: 7-21-83 <br />City Manager Bob Herrera <br />REQUEST FOR CITY COUNCIL AGEi~DA ITEM 2• X Report <br />Resolution <br />1. Agenda Date Requested: Ordinance <br />3. Project summary,- The City's Tax Division was asked to conduct a study on <br />granting a Residential Hoanestead Exemption for its citizens. After gathering <br />pertinent information and having some discussion on this subject with City <br />Council, Staff is now prepared to make a reccmmendation. <br />4. Action Rec~uirec~• Hear staff's recommendation on what percent level to allow <br />for a residential Hcgnestead Exemption. <br />5. Alternativ (A) Reject staff's recce~mendation percent level. <br />e(B)Increase exemption level percent. <br />(C)Reject giving a Residential Homestead Exemption this year.. <br />6. Recommendation: The City's Tan Division recommends that a Residential <br />Homestead Exemption be given for 1984 and that this exemption be based on a <br />20o market value of the residence homestead of a married or unmarried adult, <br />including one living alone. <br />7. Exhibits: <br />8.Availability of Funds: General Fund Water/Wastewater <br />Capital Improvmt. General Revenue Sharing <br />Other <br />Account Number: <br />Funds Available: Yes No <br />Pequested By <br />9 ppro ed for City Council Agenda <br />City Manager <br />Date <br /> <br />