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HomeMy WebLinkAboutReso 26-20 Delaying Penalties and Interest for Late TOTRESOLUTION NO.26.20 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, AUTHORIZING THE CITY ADMINISTRATION THROUGH THE CITY FINANCE DIRECTOR TO DELAY PENALTIES AND INTEREST FOR LATE TRANSIENT OCCUPANCY TAX (TOT) REVENUES RECEIVED FOR FEBRUARY AND MARCH 2020 TRANSIENT LODGING SERVICES UNTIL AUGUST 31, 2020, PURSUANT TO THE STATE OF EMERGENCY PROCLAIMED DUE TO THE COVID-19 PANDEMIC THE CITY COUNCIL City of Morro Bay, California WHEREAS, On March 4, the Governor declared the existence of a state of emergency in the State of California in response to the COVID-1 9 pandemic, on March 14, the City of Morro Bay declared a local emergency in response to the COVID-1 9 pandemic, and on March 18, 2020, the County of San Luis Obispo declared a Shelter at Home order for non -essential activities; and WHEREAS, staff has been notified from lodging properties that lodging properties are experiencing significant reduction in lodging activity and revenues, and those businesses are requesting that February 2020 and March 2020 TOT interest and penalty payments be delayed until after Summer 2020; and WHEREAS, it is in the City's interest to continue to maintain essential services and work with its lodging businesses that have contributed to the City's financial well-being and will continue to support the City's essential services; and WHEREAS, the City has emergency reserves in its General Fund to help support City operations during the state of emergency. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Morro Bay, California, the City administration through the City's Finance Director is authorized to delay until August 31, 2020 the imposition of penalties and interest for late Transient Occupancy Tax (TOT) revenues from lodging properties (Morro Bay Municipal Code Chapter 3.24) received for February 2020 and March 2020 transient occupancy lodging services, notwithstanding provisions of Morro Bay Municipal Code §§ 3.24.090-3.24.100. Any such payments not received by August 31, 2020 shall be considered as of September 1, 2020 to have accrued penalties and interest as if no delay had been provided, and may result in revocation of Short-term Vacation Rental licenses. PASSED AND ADOPTED by the City Council of the City of Morro Bay at a special meeting thereof held on the 1st day of April 2020, by the following vote: AYES: Headding, Addis, Davis, Heller, McPherson NOES' None ABSENT: None JO ATTEST: ANA SWANSON, City Clerk H DDING, Mayor