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Rancho Palos Verdes Hotel Tax, Measure TOT (November 2009)

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The Terranea Resort
A City of Rancho Palos Verdes Hotel Tax, Measure TOT ballot question was on the November 3, 2009 ballot for voters in the City of Rancho Palos Verdes in Los Angeles County, where it was defeated.[1]

If Measure TOT had been approved, it would have increased the hotel tax in the city from 10% to 12%. The tax would have been charged to those who occupied any transient lodging facilities located within the city's borders, including hotels, motels, inns and resorts.

Election results

Measure TOT
ResultVotesPercentage
Defeatedd No3,20051.1%
Yes 3,062 48.9%
These final election results are from the Los Angeles County election office.

Support

Mayor Larry Clark was a primary supporter behind the move to increase the city's hotel tax.[1]

Supporters believed that if Measure TOT had gone into effect, the city would have gained an additional $700,000 in taxes annually.[2]

Terranea Resort

The Rancho Palos Verdes City Council had inked a deal with the newly-opened Terranea Resort to loan the resort 80% of any hotel tax revenue generated by occupancy at the resort for a 34-month period up to a cap of $8.2 million. The resort would have had to re-pay the city any funds it received under the rebate by December 31, 2013.[1] However, Lowe Enterprises, owner of the Terranea Resort, was not able to obtain the consent of lenders to this plan, so it was abandoned. As part of the agreement that ultimately fell through, Lowe Enterprises had agreed not to oppose the increase in the city's hotel tax.[1]

Ballot question

The question on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Measure TOT: "Shall an ordinance be adopted to increase the rate of the City’s existing transient occupancy tax from ten percent (10%) to twelve percent (12%)?"

See also

External links

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References