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Ordinance No. 698272 ORDINANCE NO. 698 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CYPRESS ADDING SECTION 26 -20.1 TO THE CODE OF THE CITY OF CYPRESS AND AMENDING SECTION 15- 30(12) OF THE CODE OF THE CITY OF CYPRESS RELATING TO THE AMOUNT OF TAXES IMPOSED IN CONNECTION WITH THE CONDUCT OF CERTAIN HORSE RACING EVENTS WHEREAS, Section 19610.3 of the Business and Professions Code authorizes cities and counties to elect to receive distributions of amounts deducted by certain horse racing associations from parimutuel pools in lieu of certain other taxes imposed by said cities and counties; and WHEREAS, several horse racing associations conducting horse racing events within the City of Cypress have offered to make the permanent election required in order to deduct and distribute said amounts to the City of Cypress; and WHEREAS, the City Council desires to make the necessary election to receive the amounts distributed by certain horse racing associations which are deducted from parimutuel pools in accordance with state law in lieu of certain other taxes imposed by the City of Cypress. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CYPRESS DOES HEREBY ORDAIN AS FOLLOWS: SECTION I. Section 26 -20.1 is hereby added to the Code of the City of Cypress to read as follows: Sec. 26 -20.1. Exception. (a) The tax imposed by this article shall not be applicable to a horse racing event by a racing association (other than the California Exposition and State Fair or a county or district agricultural association fair) provided that: (i) Said racing association permanently elects to deduct from the total parimutuel wagers placed within its enclosure for distribution to the City an amount equal to the greater of 0.33% or the maximum amount otherwise permitted by law; and (ii) Said racing association actually deducts said amount from such wagers; and (iii) Said amount is distributed to the City at the same time at which the portion of the parimutuel wagers payable to the State of California becomes payable. (b) The City of Cypress hereby elects to receive distributions of parimutuel wagers from a horse racing association in lieu of the tax imposed by this article so long as the requirements of subsection (a) hereof are met. SECTION 2. Section 15- 30(12) of the Code of the City of Cypress is hereby amended by adding the following paragraph: The business tax prescribed in subsection 12(f) shall not be required in connection with the conduct of a horse racing event by a horse racing association (other than the California Exposition and State Fair or a county or district agricultural association fair) provided that the conditions set forth in Section 26 -20.1 are met. SECTION 3. Severability. If any section, subsection, subdivision, sentence, clause, phrase or portion of this Ordinance, or the application thereof to any person or place, is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance or its application to other persons or places. The City Council hereby declares that it would have adopted this Ordinance, and each section, subsection, subdivision, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions, or the application thereof to any person or place, be declared invalid or unconstitutional. SECTION 4. Effective_ Date. This Ordinance shall take effect immediately following the date of its adoption as an ordinance relating to taxes for the usual and current expenses of the City of Cypress. SECTION 5. The City Clerk is hereby authorized and directed to certify as to the passage of this Ordinance and to give notice thereof by causing copies of this Ordinance to be posted in three public places within the City. FIRST READ at a regular meeting of the City Council of said City held on the 12th day of October , 1982, and finally adopted and ordered posted at a regular meeting of said Council held on the 25th day of October 19$2. ATTEST: City Clerk o the pity of Cypress }z„Jk Mayor of the City of Cypress 2 273 S12'OF CALIFORNIA ss. COUNTY OF ORANGE I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Ordinance was duly adopted at a regular meeting of the said City Council held on the 25th day of October 1982 by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Lacayo, Partin, Rowan, Mullen NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None ABSTAINED: 1 COUNCIL MEMBERS: Coronado CI 3 _� (/,/4f %' CLE 1< O TFi CITY OF CYPRESS