Resolution No. 41061C3
RESOLUTION NO. 4106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
URGING FEDERAL ACTION TO MITIGATE THE COSTS TO CALIFORNIA
STATE AND LOCAL GOVERNMENTS STEMMING FROM THE
AEROSPACE DECISION
WHEREAS, the California Courts upheld the claim of a
consortium of aerospace companies for a refund of State and local
sales tax funds; and
WHEREAS, the amount of the initial claims is approaching $1
billion and a subsequent action may double that amount; and
WHEREAS, payment of these refunds will be deducted directly
from sales tax revenue paid to State and local governments; and
WHEREAS, California is in the midst of a severe economic
recession and government budgets at all levels are in crisis; and
WHEREAS, the ultimate beneficiary of the aerospace refund
is the Federal government; and
WHEREAS, the Federal government has the authority in
various ways to forgive or mitigate these costs to State and
local government.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Cypress, urges the President of the United States and
responsible Federal officials to recognize the severe economic
hardship to the people of California created by the aerospace
refund and to take appropriate actions to forgive, or mitigate
the costs thereof.
PASSED AND ADOPTED by the City Council of the City of
Cypress at a regular meeting held on the 14th day of September
1992.
ATTEST:
MAYOR OF THE CITY OF CYPRESS
1
CITY /471e/
CLERK THE C Y OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO
HEREBY CERTIFY that the foregoing Resolution was duly adopted at
a regular meeting of the said City Council held on the 14th day
of September, 1992, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Age, Bowman, Kerry, Nicholson and Partin
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CIT iMER OF THIXTY OF CYPRESS