SR-212-006 (2)
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Santa Monica, Californias August 17, 1977
ZD
TO: Mayor and City CounC11
FROM:
City Manager
rAUG 2 3 \977
SUBJECT: 1977-78 City Tax Rates
Introduction
ThlS statement of assessed valuation of the Clty has been rece1ved as certified
by the County Auditor-Controller for the fiscal year 1977-78.
Background
The City received preliminary assessed values in May, 1977 from the County
Assessor's offlce. Councll was not1fied of the preliminary flgures and asked by
the County to use extreme caut10n 1n the1r use. The initial Clty est1mates of
assessed valuatlon are shown in Exhibit I, "ESTIMATED" Column. Subsequently,
on August 16, 1977, the final assessed values were received and are shown in
Exhib1t I, IlACTUALIl column. The difference between the City's estimate and
final actual values is an lncrease of $68,071,455 of assessed valuat10n or 14.73%
and an add1tiona1 $737,668 1n revenues to the City, based on the $1.15 tax rate.
The 1ncrease lS equ1valent to 15.74 cents on the tax rate.
At the 1977-78 Budget Hearlng, Counc11 increased the budget by $231,373. The
Council could thus reduce the tax rate by $.10 to $1.05 which represents a
$468s650 reduction in revenues.
Recommendation
It is recommended that the City Counc11 set the 1977-78 tax rate at $1.05 per
~100 assessed valuation. It is further recommended that the Downtown Parking
and Buslness District tax rate be reduced by an additional $.15 to $2.10 per
~D
the earthquake 1nSUfance on the parking structures.
$100 assessed valuation due to the savings resulting from the elimination of
AUG 2 3 1977
-~~ ~.! ... - EXHIBIT I
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. . ANALYSIS OF ASSESSED
VALUATIONS AND PROPERTY TAX RECEIPTS
1977-78
BUDGET OVER (UNDER)
ESTH4ATE ACTUAL ESTIMATE
ASSESSED VALUATIONS
Land 215,000,000 256,899,700 41s899,700
Improvements 195,000,000 215,202,165 20,202,165
Public Utilities 24,000,000 26,302,030 2,302,030
Secured Personal 5,000,000 7,214,805 2s21~,805
Secured Gross 439,000,000 505,618,700 66,618,700
Exemptlons (20,000,000) (20,529,6~9) (529,61O)
Secured Net 419,000,000 485,089,090 66,089,090
Unsecured 43,OOOsOOO 44,982,365 1,982,365
TOTAL VALUATIONS 4,62,000,000 530 sOlI ,455 68,071,455
AIRCRAFT ASSESSMENTS 11,000,000 13 ,085,079 2,085,079
BUDGET ESTI~lATE
ESTIMATE BASED OVER (UNDER) RECOMMENDED
~ $1.15 @ $1. 15 ESTIMATE @ $1.05
PROPERTY TAX RECEIPTS
Secured 4,481s100 5,184,320 703,220 4,730,900
Unsecured 368s100 383,683 15,583 383,683
Alrcraft Assessment 47,300 58,883 11 ,583 58,883
State Property Tax 287,500 294s782 7,282 279,558
Re 1 i ef
Dellnquent Payments 131,000 131,000 0 131,000
TOTAL RECEIPTS 5,115,000* 6,052,668* 7~7,66~ 5s584,024*
NOTE: Each 1~ on the Tax Rate equals about $46,865.
* These figures include a 3 ~% dellnquency factor.
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COUNTY OF LOS ANGELES / AUDITOR-CONTROLLER
TAX DIVISION
153 HALL OF ADMINISTR.ATION, LOS ANGELES, CAL. 90012
(213) 974-836 I
MARK H BLOODGOOD
....I.:PITOI;'.CON1'ROl..L ER
August 10, 1977
J!:DwAItD GUI<RRE"'O. CHl~~
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THOMAS J KOZLOWSKI
DAl\;IEL 0 JKEMOTO
"SiS:S"iANT AU~liOp! CONTROLLE:I:i!~
Me . Joyce Sm..der, City Clerk
C~ty of Santa Monica
1685 Main Street
Santa MOn1ca, Callforn~a 90401
Dear Ms. Snider:
Enclosed are the assessed valuations of the City for the F~scal Year
1977-78. Also enclosed lS a form entltled "1977-78 Secured Tax Rates"
on which the Clty'S tax ~ate(s) is to be recorded; an illustrated sample
form 15 attached for your lnformat~on and guldance.
The completed "1977-78 Secured Tax Rate" form should be subm1.tted to our
office no later tp~n September 1, 1977. Thl5 form ~ll be used as the
im hal lnput document to our tax system that Wlll ul t:unately result ln
produc~ng tax b~lls for approX1mately two million parcels of real property
~n the C01.LTlty. Therefore, it 1S imperative that the utmost care be
exerc~sed ~n recording the tax rate(s) adopted by your leg~slative body
on th~s form. Please use the follo~g procedures in filling out the form:
1. Do not enter anyt~ng other than tax rates on ~s form.
2. Carry each tax rate out to four (4) decimal places to
the rJ.ght of the decllIlal po~nt.
3. If a tax rate ~s less than one (1) dollar, place a zero (0)
to the left of the dec:unal po~nt then proceed as lndicated
In 2 above.
4. Be sure that the tax rate resolut~on or ordinance adopted
by your legislative bOdy is indicated J.n the space provided.
5. Please be sure that an authorlzed off~c~al (CJ.ty Clerk,
Dlrector of Flnance, C~ ty l>'Ianager, or some other officJ.al
author~zed to do so) signs and dates the form.
Continued
Pa.ge 2
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6. Return the completed. origulAl (not a copy) of tlu.a form to~
E. Guerrero, Chi et'
Tax DiVJ.SJ.OD, Auch tor-Controller
500 W. Temple Street, Room 153
Los Angeles, Cahforn.J.a 90012
If' :you have any questions regarding this matter, please contact E. Guerrero
at 974-8)61 or Robert Wetzler at 974-8363.
Very 1:iruly yours,
MARK H. BLOODGOOD
AUDITOR-CONTROl.T.F.I\ /k-~.
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E. GUERRERO, Chief'
Tax Ih.vision
EG:rl
Enclosure
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~c"t. #.
01 102.01
02 102.02
0' 102.0'
04 102.04
05 102.05
06 102.06
07 102.07
08 102.08
09 102.09
10
11
12
13
14
15
16
17
18
19
20
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1977-78 SFX:URED TAX RATES
Agency Name
Cali~ornia City Tax Dl.strict "
California City Tax District #2
Cf,.1j!ornia Reav. Proj. 11 Tax Diet.. #1
California Redv. Proj. #2 Tax Diet. #2
Tax Rate
1 .9600
1.9425
1 .9600
1.9425
0.1800
Calif'ornia Lighting Dis"trict
California J-"!"\liscape Maint. Dist.
0.0510
0.1900
0.4503
0.0525
California Vehicle ParJring Diat..
California Municipal Imp. Dist..
California Sewer Maint.. Dist..
ORDINANCE NO.jRESOLUTION NO............................... DATE ADOPTED..............
.........~...&.._,........... ,............................... ..................
AUTHORIZED SIGNATURE TI'l'IB DATE
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76C 19.4:E 12/76 e AUDITOR - CONTROLLER TAX DIVISION
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ASSESSED V ALUA TlO NS ~77 -715
TAXING AGENCY 252.J1 S A ~T A 1'10 N I C ~ TAX OIST , 1
SECU RED V ALUA TIONS
LOCALL Y ASSESSED
LAND 25b51Pt650
IMP RO VEME NTS 2J.2'1327lJlJ 1 HOMEOWN ER EXEMPTION 1"'3754~5
PERSOtlAL PROPERTY 721129[]
"'LESS EX Ei,1PTIO NS 2[529610 1 BUSINESS INVENTORY EX 848570
TOTAL - LOCALL Y ASSESSED 455633010
PUBLIC UTILITY (St Board of Equal.)
LAND 31>=J~670
It/.PROVEMENTS 131\18660
PERSONAL PROPERTY 80451.470 1 BUSINESS INVENTORY EX 6 SO
TOTAL - PU BLtC UTILITY 2113928lJD
TOTAL SECURED VALUA TIONS ~8C(!25070
3. UNSECURED V ALUA TIONS
LAND
IMP ROVEMENTS
110 =6191
2 HO";1EDWNER EXEMPTION
PERsmlAL PROPERTY
341c83S9
"'LESS EXEMPTIONS
2111620
2 BUSINESS INVENTORY EX
1D 4055 S5
TOTAL - UNSECURED
449b993D
GRAND TOTAL
52499S8Dtl
TOTAL HOME & BUS EX
25l:3G270
"'''' AIRCRAFT
14361693
"EXCLUSIVE OF HOMEO'N\lER A;<.1J BUSINESS IWENTORY EXEMPTIONS
'*TAXED AT 51 50 PER HUNJRED
1 DO NOT AJD TO EXEMPTIONS FOR RATE SETTIt-;G PU~POSES
2 SUBTRACT FRClvl "TOTAL-0~SECURED" FO~
O:::TC:RVINATION OF U'~SEClRED TAXES
Very t ru Iy you rs,
;\1ARK H BLOODGOOD, Auditor-Controller
3 TAX LEVIE;) AT LAST YEAR'S RATE
By
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Guerrero, Chief, Tax D,VISion
76G ,g4E 1zl76
e AUDITOR - CONTROLLER TAX DIVISION
ASSESSED VALUATIONS 877 e
::.716
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TAXING AGENCY
2S2.1D SANTA MJNICA
TO#l O.P.R.PJltlA
SECURED VALUA TIONS
LOCALLY ASSESSED
LAND
23 lJ 500
IMPROVEMENTS
2519425
1 HOMEOWN ER EXEMPTION
PERSONAL PROPERTY
3515
"'LESS EXEMPTIONS
I BUSINESS INVENTORY EX
TOTAL . LOCALLY ASSESSED
27E74110
PU Bue UTILITY (St Ebard of Equal.)
LAND
20
IMP ROV EMENTS
2260
PERSONAL PROP ERTY
2l.JCbD
1 BUS1N ES$ INVENTO RY EX
TOTAL. PUBLIC UTILITY
8b3I.JO
TOTAL SECURED VALUATIONS
281/3780
3 UNSECURED VALUATIONS
LAND
IMP ROVEMENTS
2 HOVEOWNER EXEMPTION
PERSO'U\L PROPERTY
5235
"LESS EXE'"PTIONS
2 BUSINESS INVENTORY EX
1260
TOTAL - UNSECURED
5235
GRAND TOTAL
281.j9015
TOTAL HarvIE & BUS EX
12bll
H AIRCRAFT
*~:):CLUSIVE OF f-JOMEOW'~Eq AND BIJSIl\lESS INVENTORY EXEMPTIONS
PTAX:::O AT $1 50 PER riUNOqEO
1 DO NOT AD:) TO EXEMPTIONS FOR RATE SETTI\lG PU<iPOSES
2 S'JSnACT FRCtv1 "TOTAL-U\lSECURED" FOR
D::TER'v1INATIOr-.; OF U'.~SECUREi) TAXES
Very truly yours,
MARK H SLOO DGOOO, Audltor-Controll er
3 TAX LEVIED AT LA.ST YEAR'S RATE
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G....e.rreros C;""lef~ Tax DIvISion
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e AUDITOR - CONTROLLER TAX D1VIIN
ASSESSED VALUA TIONS p" 77
C7l.7
TAXING AGENCY
252.11 SANTA MONICA
TO#1 O.P.R.PJ#le
SECURED VALUATIONS
LOCALL Y ASSESSED
LAND
13~75[1
25110ao
1 HO'.fEOI'r'NER EXEMPTION
IMPROVEMENTS
PERSONAL PROPERTY
'LESS EXEMPTIONS
1 BUSINESS INVENTORY EX
TOTAL - LOCALLY ASSESSED
38A75D
PUBliC UTILITY (St Board of Equal.)
LAND
7210
IMPRDV8J.ENTS
17!17DfJ
PERSONAL PROP ERTY
b 39 as
I BUSINESS INVENTORY EX
TOTAL. PUBLIC UTILITY
182281:J0
TOTAL SECURED VALUATIONS
2211640
3. UNSECURED V ALUA TIONS
LAND
JMPRDVEMENTS
37bCl
34lJD
2 HO';~EOWNER EX8APTION
PERSONAL PROPERTY
~LESS EXH\PTIONS
2 BUSINESS INVENTORY EX
1695
TOT AL - UNSECU RED
72GiJ
GRAND TOTAL
2213BlfO
TOTAL HO:11E & BUS EX
1695
h AIRCRAFT
"EXCLUSIVE OF HOt'/EOWr~E~ Pt'iD BUSI'JESS IN'./:-::~~TORY EXE'..,PTIONS
* x TAXED AT 51 50 PC:R Y'j:\JRED
1 DO NOT ADD TO EXEMPTIONS FOR RATE SETTi!\lG PURPOSES
2 SUBTRACT FRO...., "TOTA!...-UNSECURED" FOR
OETERMIf\ATIO\l OF ur~SECURED TAXES
Very truly yours,
MARK H BLOODGOOD, AJG:tor-Controller
3 TAX LEVIED AT LAST YEAR'S RATE
By
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G"errero, Ch'ef, Tox D'v,Slon
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AUDITOR - CONTROLLER TAX DIVISION
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ASSESSED VALUA TION5
TAXING AGENCY
252.12
SECURED VALUATIONS
LOCALL Y ASSESSED
SANTA MONICI1
LAND
7800
IMPROVEMENTS
PERSONAL PROPERTY
"LESS EXP,WTIONS
TOTAL . LOCALLY ASSESSED
7800
PUBLIC UTILITY (St Board of Equal.)
LAND
1:J,PRClV8,'ENTS
PERSONAL PROP ERTY
TOTAL - PU BLIC UTILITY
TOTAL SECURED VALVA TIONS
180D
3. UNSECURED V ALUA liONS
LAND
(MPROVE:~tENTS
PERSO:\AL PROPERTY
"LESS EXEr;1PTlQNS
TOTAL - Ut-lSECURED
GRAND TOTAL
7S!J~
*" AIRCRAFT
"EXCL:JSiVE OF HCM~ONNE:R AND BJSINE55 INVENTORY EXErvJPTI()'''jS
""'TA,XED AT $1 50 P~R ~L:'-:CRED
1 DO NOT AOi) TO EXE'v1?TIONS fOR RATE S:::TI1NG PI..:RPOSES
2 S~3TRACT ::-ROv1 "TOTAL-z.Jr":SEC..JRED'. FOR
OET:::RM1~IH[Ot-.J OF U\lSECURSJ TAXES
3 TAX LEVIED AT LAST YEAR'S RATE
C71.15
TO#l. OCEtlN PR "2
1 HOMEOWN ER EXEMPTION
1 BUSINESS INVENTORY EX
1 BUSINESS INVENTORY EX
2 HOMEOIVNER EXEMPTION
2 BUSINESS INVENTORY EX
TOTAL Hor.1E & BUS EX
Very truly yours,
IMRK H BLOO OGOOD, At:ddor-ControlJ er
By ~ -1Jt:7~~
E Gue',ero, Ch'ef, T"" D,v,s,on
T-- 76C ,94E 1'l/71
e AUDiTOR. CONTROLLER TAX DIVI.
ASSESSED VALUATIONS 877
C719
., .,
TAXING AGENCY
252.JG SANTA MO CITY TOTAL
SECURED VALUA TIONS
LOCALL Y ASSESSED
LAND
25bd9970Q
IMPROVEMENTS
2152C21bS
1 HOMEOWN ER EXEMPTION
llf 375lf 95
PERSONAL PROPERTY
721lf8D5
"'L ESS EXEMPTIONS
2L529blG
1 BUSINESS INVE~nORY EX.
alf~5 7[1
TOTAL - LOCAllY ASSESSED
4S87~7Jb!J
PUBLIC UTILITY!St B-Jard of Equal.)
LAND
32059DD
If.';?ROV8,IENTS
149C2b20
PERSONAL PROP ERTY
~19 3S1G
1 BUSI~;ESS INVENTORY EX
bSO
TOTAL. PU BLlC UTILITY
263(2030
TOTAL SECURED VALUATIONS
48SD89G9D
3. UNSECURED VALUATIONS
LAND
IMP ROVEMENTS
110 !99 S:L
2 Hot.lEOWNER EX EMPTION
PERSONAL PROPERTY
31H = 7J 3 q
~LESS EXE:;\PTIONS
214b20
2 BUSINESS INVENTORY EX
1[] 403510
TOTAL - UNSECURED
tJ~9,~23bS
GRAN 0 TOTAL
53CO.ll.i55
TOTAL HmAE & BUS EX
2Sb33225
HAIRCRAFT
4361693
"EXCLUSIVE OF hO~v1EO.WN:::R AN:; BUSINESS I~V:::NTORY EXE'v1PIIO~S
*"TAXED AT 51 50 PER HU'DRED
1 DO NOT ADD TO EXEMPTIOi\S FOq ~ATE SETTI\!G PURPOSES
2 SUBTRtl.CT FRO'v1 "TOTAL-UNSECURED" FOR
D~TER.\1JNATION OF UNSECURED TAXES
Very truly yours,
MARK H BLOO DGOOD, Auditor-Controller
3 TAX LEVI:::O AT U\ST ~'EAR'S RATE
~~~
By
E Guerrero. Crlel. Tax D,v,s'on
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AUU; j UR CON TROLLER TAX DIViSION
.
ASSESSED VALUATIONS
. .
TAXING AGENCY
871
w720
252.41 SANTA ~QNICA PKG.-BUS. IMP. OIST
SECURED VALUATIONS
LOCALL Y ASSESSED
LAND
b{\272Du
IMP ROVE\;IENTS
l.f372305
PERSONAL PROPERTY
54200
11 3 2l.J 50
*LESS EXEMPTIONS
TOTAL . LOCALLY ASSESSED
100,J.255
PU BLlC UTILITY 1St Board of EqualJ
LAND
1~,lPROVEMENTS
906D
PERSONAL PROPERTY
2339~O
TOTAL - PU BLlC UTILITY
243JG[]
TOTAL SECURED vALUATIONS
1031'-1255
3. UNSECURED VALUA TJONS
LAND
IMP ROVEr,' ENTS
553185
PERSONAL PROPERTY
2820B58
* LESS EXE'.1PTIONS
3tJ80
TOTAL - UNSECURED
337ilS~3
GRAND TOTAL
1368'i<S1f8
;d AIRCRAFT
"'EXCLUSIVE OF I-'O~,'1E'CWi\j:::R A,"lD B~SIN'::SS INVE,"lTORY EXEMPTIONS
*~TAXED AT 51 50 PER I-lJKDRED
1 DO ~OT ADD TO EXDI,PTI ONS i="O~ RATe: SETTING PJ;POSES
2 SUBTRACT FROM "TOTAL-'J'IISECJRED" FOR
DET:::P\1INATION OF :.JNSECURED TAXES
3 T.AX LEVIED AT LAST YEAR'S ~ATE
1 HO~'!;EOWN ER EXEMPTION
1 BUSINESS INVENTORY EX
5620
1 BUSINESS INVENTORY EX
2 HOMEOWNER EXEMPTION
2 BUSINESS I~VENTORY EX
1143575
TOTAL HOME & BUS EX
],149195
Very truly yours,
:llARK H BLOODGOOD. Audltor-COfltlollel
By
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E Guerrero, Cf.....f, Tax D,v'Slon
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. .. _77-7~ SECUQEO 111)( Q ft T (:$
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teeT . AGENCY ",aPE TAX RATE
01 [52. D 1 C IT'Y- SA~T tJ MCNIe TO #1 .......
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(2 i ~~. 11) C ITY-S ANT A MCNIe TO '1 OP RP #lA ....... ;
03 c~~.11 CITY-SANTA ~CNIC TO 111 OP RP #19 . . .. . .. --
- - --
GlI i!:2.12 CITY-SANTA ",oue TO '1 UP RP #2 ........
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[S r !2. In c IT Y-S~NT A ~CNIC PKC-PUS I~P cIS .......
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G~OlN~~CE NO./~ESOlUTI(~ NO....................
DATE ADoPTEe.........
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AUTHO~IZfC SICl\ATURE
TITLE
!)ATE
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ORDINANCE NO.
(CITY COUNCIL SERIES)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SANTA MONICA FIXING THE RATES OF TAXES AND LEVYING
TAXES FOR THE FISCAL YEAR BEGINNING JULY l~ 1977~
FOR THE GENERAL CITY AND FOR THE PARKING AND
BUSINESS IMPROVEMENT AREA.
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES HEREBY ORDAIN
AS FOLLOWS:
SECTION 1.
For the purpose of raising the sums of money necessary
to be raised by taxation upon the taxable property of the City of Santa Monica as
a revenue to carryon the various departments of said City for the fiscal year
beginning July l~ 1977, the rates of taxes for the City of Santa Monica hereby
are fixed and taxes are hereby levied on all taxable property in said City for
the fiscal year beginning July l~ 1977, in the number of cents upon each One
Hundred Dollars of assessed value of property as assessed by the County Assessor
and equalized by the Board of Supervisors of the County of Los Angeles, and for
the several funds and purposes set forth in the following table. The taxes
levied upon property in said City hereinafter described and designated as District
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SECTION 2.
For the purpose of raising the sums of money necessary
to be raised by an ad valorem tax upon all of the land and improvements (but
excluding personal property) in the Parking and Business Improvement Area in
addition to the taxes levied in Taxation District Number 1, a tax is levied at
the rate of $ 2.10 upon each $100.00 of assessed value of the property as
assessed by the County Assessor and equalized by the Board of Supervisors of
the County of Los Angeles. Said Parking and Business Improvement Area has an
assessed valuation of $ 11.208.565 and is described as follows:
"Bounded on the northeasterly side by the center
line of 4th Court, the southeasterly side by the
center line of Broadway, the southwesterly side
by the center line of 1st Courts and the north-
westerly side by the center of Wilshire Boulevard,
all in the City of Santa r'1oncia."
SECTION 3.
If any section, subsection, sentence, clause or phrase
of this ordinance is for any reason held to be invalid or unconstitutional by a
decision of any court of competent jurisdiction, such decision shall not affect
the validity of the remaining portions of the ordinance. The City Council here-
by declares that it would have passed this ordinance and each section, subsection,
clause or phrase hereof, irrespective of the fact that anyone or more sections,
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ADOPTED and APPROVED this 23rd day of August, 1977.
ATTEST:
CITY CLERK
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES) S5.
CITY OF SANTA MONICA )
MAYOR
I do hereby certify th~t the foregoing ordinance was duly and