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<br />T0: <br />City Manager <br />OM: <br />Bob Herrera <br />Date: 7-21-83 <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br />1. Agenda Date Requested: <br />2. x Report <br />Resolution <br />Ordinance <br />3. Project Summary,: The City's Tax Division was asked to conduct a Study on <br />granting a Residential Homestead 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 recommendation. <br />4. Action Rec~uirec~• Hear staff's reccamlendation on what percent level to allow <br />for a residential Homestead Exemption. <br />5. Alternativ(A)Reject staff's recommendation percent level. <br />~B)Increase exemption level percent. <br />(C)Reject giving a Residential Homestead Exemption th~.syear, <br />6. Recommendation: .The City's Tax Divisiori recommends that a Residential <br />Homestead Exemption be given for 1984 and that this exemption be based on a <br />20% market value of the residence homestead of a married or unmarried adult, <br />including one living alone. <br />7. Exhibits: <br />s.Availability of Funds: General Fund Water/Wastewater <br />Capital Improvmt. General Revenue Sharing <br />Other <br />Account Number: Funds Available: Yes No <br />Pequested By <br />9 ppro ed for City Council Agenda <br />City Manager Date <br />Q <br />