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RECEIVED <br />IMPARTIAL ANALYSIS BY CITY ATTORNEY AUG 1 o 2010 <br />City of Riverside - Measure V City of r varside <br />(Transient Occupancy Tax - Amendment to RMC 5.32) City Clesk'; Office <br />This Measure contains a proposed amendment to Chapter 5.32 of the Riverside <br />Municipal Code with respect to the City's transient occupancy tax. This tax is only <br />charged to persons staying at hotels and motels within the City. The proposed <br />amendment would increase the transient occupancy tax from its current rate of 11% of <br />the room charge to 12% of the room charge, beginning July 1, 2012, and from 12% to <br />13 %, beginning July 1, 2014. <br />The City's transient occupancy tax rate has remained at 11 % since 1993. It is paid only <br />by those persons staying at hotels and motels within the City for thirty days or less and <br />is not paid by property owners within the City. <br />Revenues from the transient occupancy tax are collected by the hotel and motel <br />operators from their guests and then paid over to the City. The revenues are not <br />designated for any particular purpose and are placed into the City's general fund and <br />used for various general city purposes, including police and fire protection, youth and <br />senior programs, streets, parks, tourism promotion, libraries, the convention center and <br />the museum. <br />This Measure, if approved by a majority of the voters, would not increase the transient <br />occupancy tax rate from its current 11% until July 1, 2012, when the tax rate would <br />increase by 1% to 12 %. It would then remain at 12% until July 1, 2014, when it would <br />increase from 12% to 13 %. The measure also enables the City to adjust the tax to any <br />rate that is less that 12% after July 1, 2012, and to any rate that is less that 13% at any <br />time after July 1, 2014, and to repeal the tax without further voter approval. <br />Further, if approved by a majority of the voters, the Measure would prohibit any increase <br />in the current rate of the transient occupancy tax prior to July 1, 2012, and would <br />prohibit any increase of the rate above 12% percent prior to July 1, 2014. It would also <br />prohibit any increase in the rate above 13% after July 1, 2014. <br />This Impartial Analysis is hereby submitted to the Elections Official in conformance with <br />Section 9280 of the Elections Code of the State of California. <br />Dated: August 'T 2010 <br />Gregbry P. Priamos <br />City Attorney <br />