Laserfiche WebLink
F. "ton" or "tonnage" shall mean a short ton or two thousand pounds (2000 lbs). <br />Section 5. Imposition of License Tax. The City and Developer agree that City may <br />levy and collect a business license tax (the "License Tax") on aggregate extracted and/or <br />processed on the Property; provided, however, that the License Tax shall be applied only once <br />to any ton of aggregate (or portion thereof) so that no ton of aggregate (or portion thereof) is <br />subjected to the License Tax both when extracted within the boundaries of the City and when <br />processed within the boundaries of the City, or at different times or at different locations within <br />the boundaries of the City. <br />5.1 Rate of Tax. The License Tax shall be imposed at the rate of Ten Cents <br />($0.10) per ton, which rate shall be adjusted annually in January of each year in accordance with <br />the percentage change in the Consumer Price Index for All Urban Consumers for the Los <br />Angeles/Riverside/Orange County Area for All Items (the "CPI") since the last adjustment (or, <br />if the CPI ever ceases to be published, in accordance with such substantially equivalent <br />replacement index as the Parties shall agree to). <br />5.1.1 The License Tax shall be subject to adjustment during the term of <br />this Development Agreement only in accordance with the express provisions of this Development <br />Agreement. <br />5.1.2 The License Tax shall be the only tax levied by the City during the <br />term of this Development Agreement against the extraction or processing of aggregate on the <br />Property, or against any other aspect of Developer's aggregate business, with the sole exceptions <br />of the sales tax that is levied against the retail sale of items generally and authorized by the laws <br />of the State of California and such other taxes as are either: (i) levied on all or substantially all <br />other businesses within the boundaries of the City generally; or (ii) of general applicability to an <br />entire region of the City or to a major category of businesses within the City, and which does not <br />have the effect of singling out any of Developer's business or type of business, and if the City <br />LAnocs\2701925 r -5- <br />