Resolution No. 567RESOLUTION NO. 567
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
COMPARING REVENUES FROM CERTAIN H -C (HIGHWAY COMMERCIAL)
AND M -1 (LIGHT MANUFACTURING) USES
BE IT RESOLVED BY THE City Council of the City of Cypress as follows:
The City anticipates the following revenues will be derived from the
proposed drive -in development in an H -C zone as compared with manufac-
turing development in the present M -1 zone for the property subject
to Zone Change No. Z -121:
A. Drive -In Theater in the proposed H -C Zone:
1. Sales tax revenues from concessions at 4 per $1.00 of sale.
2. Ad valorem property tax on all property improvements at
regular City tax rate.
3. Admissions tax at 10c per admission of less than $1.00,
and 15C per admission of $1.00 or more.
B. Manufacturing development in the present M -1 zone.
a. Ad valorem property tax on all property improvements
at regular City tax rate.
Fees for installation of drainage facilities would be paid by the
developer of the property as a requirement imposed as a condition
to the Conditional Use Permit for such development rather than by
the City.
PASSED AND ADOPTED by the City Council of the City of Cypress, at
a regular meeting held on the 12th day of April, 1965.
y2lZ, i • `9 l/
MAYOR OF THE CITY OF bYPRESS
ATTEST:
CLERK T C'I70
CITY OF CYPRESS
STATE OF CALIFORNIA) SS
COUNTY OF ORANGE )
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was adopted at a regular meeting of the said
City Council held on the 12th day of April, 1965, by the following vote:
AYES: 4 COUNCILMEN: Gorzeman, McCarney, Wright, and Noe
NOES: 1 COUNCILMEN: Kanel
ABSENT: 0 COUNCILMEN: None
CITY CLE OF TH CITY OF CYPRESS
Resol,tion No. 567