HomeMy WebLinkAboutOrdinance 1228 (Innaplicability of Instruments of Foreclosure)CLERK'S CERTIFICATE
I, MARION A. GRADY, City Clerk of the City pf San
Rafael, and Ex -officio Clerk of the Counctil of said City do
hereby certify that the foregoing Charter Ordinance �Io. 1228
entitled:
An Ordinance of the City of San Rafael Amending Chapter
3.22 of the San Rafael Municipal Code by Adding Section
3.22.130, Inapplicability to Instruments of Foreclosure.
is a true and correct copy of an ordinance of said City, and
was introduced at a regular meeting of the
City Council of the City of San Rafael, held on the 6th
day of July 19 76 Published as re-
quired by City Charter in the Independent Journal ,
a newspaper printed and published in the City of San Rafael and
passed and adopted as an ordinance of said City at a
regular meeting of the City Council of said City held on the
19th day of July 19 76 by the following
vote, to -wit:
Ayes: Councilmen: Jensen, Miskimen, Mulryan and Mayor Bettini
Noes: Councilmen: None
Absent: Councilman: Nixon
WITNESS my hand and the official seal of
the City of San Rafael this 22-,ti,/day of
/ti 1971,11
.
MARION A. GRADY, City Clerk
ORDINANCE NO. 1228
AN ORDINANCE OF THE CITY OF SAN RAFAEL
AMENDING CHAPTER 3.22 OF THE SAN RAFAEL MUNICIPAL CODE BY ADDING
SECTION 3.22.130, INAPPLICABILITY TO INSTRUMENTS OF FORECLOSURE
THE CITY COUNCIL OF THE CITY OF SAN RAFAEL DO ORDAIN AS FOLLOWS:
DIVISION 1. Chapter 3.22, Documentary Stamp Tax, of the
San Rafael Municipal Code is hereby amended by adding Section
3.22.130 thereto, which shall read as follows:
3.22.130 Inapplicability to Instruments of Foreclosure.
Any tax imposed pursuant to this Chapter shall not apply with
respect to any deed, instrument, or writing to a beneficiary or
mortgagee, which is taken from the mortgagor or trustor as a re-
sult of or in lieu of foreclosure; provided that such tax shall
apply to the extent that the consideration exceeds the unpaid debt,
including accrued interest and cost of foreclosure. Consideration,
unpaid debt amount, and identification of the grantee as beneficiary
or mortgagee shall be noted on said deed, instrument, or writing, or
shall be stated in affidavit or declaration under penalty of perjury
for tax purposes.
DIVISION 2. This Ordinance shall be published once in full
before its final passage in the Independent Journal , a newspaper of
general circulation, printed, published, and circulated in the City
of San Rafael, and shall be in full force and effect thirty (30) days
after its final passage.
C. AULTMayor
�BET�NI,
Attest:
MARION A. GRADY, City erk
The above and foregoing Ordinance No. 1228 was read and
introduced at a regular meeting of the City Council of the City
of San Rafael, held on the 6th day of July , 1976, and
ordered passed to print by the following vote, to -wit:
AYES: COUNCILMEN: Jensen, Miskimen, Mulryan and Mayor Bettini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Nixon
and will come up for adoption as an Ordinance of the City of San Rafael
at a regular meeting of the Council to be held on the 19th day of
July 1976.
MARION A. GRADY, City .-,Vlerk