...Title
Actions Related to the Overpayment Refund Owed Hunter Properties.
...Recommendations
(a) Approve a refund of construction taxes in the amount of $2,205,000 paid under the incorrect rate by Hunter Properties (CAP OZ 34, LLC) for a project located at 1173 and 1167 Coleman Avenue and direct the Director of Finance to make payment in accordance with the instructions in the refund claim.
(b) Adopt the following 2019-2020 Appropriation Ordinance amendments in the Building and Structure Construction Tax Fund:
(1) Establish an appropriation for Developer Refunds to the Transportation Department in the amount of $315,000; and
(2) Decrease the Construction Tax Refund Reserve by $315,000.
(c) Adopt the following 2019-2020 Appropriation Ordinance amendments in the Construction Excise Tax Fund:
(1) Establish an appropriation for Developer Refunds appropriation to the Transportation Department in the amount of $1,890,000; and
(2) Decrease the Construction Tax Refund Reserve by $1,890,000.
CEQA: Not a Project, File No. PP17-010, City Organizational and Administrative Activities resulting in no changes to the physical environment. Council District 3. (Planning, Building and Code Enforcement/City Manager)