Title
Subject: Real Property Transfer Tax
From: Office Of The Mayor
Recommendation: Adopt A Resolution Submitting To The Voters At The June 7, 2011 Statewide Special Election (Or Such Later Date The Election Is Set) A Proposed Ordinance Amending The Real Property Transfer Tax, Chapter 4.20 Of The Oakland Municipal Code, Increasing The Tax Rate On Transfers Of Real Estate Over $ 1 | M B M (Or Such Higher Or Lower Amount As City Council May Choose) To Two Percent; Requesting The Services Of The Registrar Of Voters; Directing The City Clerk To Take Any And All Actions Necessary Under Law To Prepare For And Conduct The Special Election; And Consolidating The Election With The Statewide Special Election