Notwithstanding anything in this chapter to the contrary, effective on and after one minute past twelve o'clock (12:01) A.M., July 1, 2003, the sales and use taxes imposed by the provisions of this chapter shall be reduced from their current rate of nine hundred fifty five one-thousandths of one percent (0.955%) to a new rate of nine hundred fifty one-thousandths of one percent (0.950%). The purpose of this change of rate is to allow the county to receive five one-thousandths of one percent (0.005%) of the sales and use taxes which would otherwise be collected by the city, all in accordance with that certain "Memorandum Of Understanding Between The County Of Fresno, The City Of Reedley And The Reedley Redevelopment Agency 1 " executed in accordance with authorization of their respective governing bodies, the city and agency having authorized execution on March 26, 1991. If for any reason the purposes of this change of rate are not accomplished, then this section shall cease to be of any force or effect; provided, notice of change in rate shall be given as required by law. (Ord. 2003-04, 4-22-2003)
Notes
| 1 | 1. See title 2, chapter 7 of this code. |