pages: OaklandRedevelopmentSuccessorAgencyandFinanceandManagementCommittee/2018-06-26.pdf, 5
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OaklandRedevelopmentSuccessorAgencyandFinanceandManagementCommittee | 2018-06-26 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL June 26, 2018 Redevelopment Successor Agency and Finance and Management Committee 7 Subject: Real Estate Transfer Tax Tiered Rates Measure From: Councilmembers Kalb Recommendation: Adopt A Resolution On The City Council's Own Motion Submitting To The Voters At The General Municipal Election On November 6, 2018, A Proposed Ordinance (1) Amending Oakland Municipal Code Section 4.20.020 Of The Real Property Transfer Tax To Establish Tiered Rates Based On Value Of Consideration; (2) Amending Section 4.20.080 To Reduce The Real Property Transfer Tax By 5% For "Low And Moderate Income First-Time Homebuyers"; (3) Adding Section 4.20.220 To Reduce The Real Property Transfer Tax By Up To One Third For Seismic Retrofit And Solar Energy System Installation Expenses Incurred By "Low And Moderate Income Homebuyers"; And, (4) Directing The City Clerk To Fix The Date For Submission Of Arguments, Provide For Notice And Publication In Accordance, And Take Any And All Actions Necessary Under Law To Prepare For And Conduct The November 6, 2018 General Municipal Election [TITLE CHANGE] 18-0670 Attachments: View Report View Supplemental Report 6-22-2018 View Supplemental Report 7-6-2018 Supplemental Report 7-6-2018 View Supplemental Kalb Report 7-6-2018 View McElhaney Report 7-20-2018 View Revised Report 7-20-2018 There were 3 speakers on this item The Committee approved staff recommendation and referred the item to the June 28, 2018 Rules and Legislation Committee A motion was made by Annie Campbell Washington, seconded by Dan Kalb, that this matter be Approved the Recommendation of Staff, and Forward to go before the *Rules & Legislation Committee, to be heard 6/28/2018. The motion carried by the following vote: Aye 4 - Guillén Campbell Washington Kalb, Gallo NO VOTE 0 City of Oakland Page 5 Printed on 7/23/2018 | 5 | OaklandRedevelopmentSuccessorAgencyandFinanceandManagementCommittee/2018-06-26.pdf |