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Res P-08-28 RESOLUTION NO P-08-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA APPROVING THE TEMPORARY SUSPENSION OF THE TIME LIMITS TO DISPLAY TEMPORARY SIGNAGE FOR MOTOR VEHICLE DEALERSHIPS WHEREAS, a weak US economy, falling home values, consumers' inability to access credit, and high gasoline prices combined to drop industrywide automobile sales sixteen percent; and WHEREAS, Poway's auto dealers have been similarly affected, and WHEREAS, sales tax revenue generated by Poway auto dealers fell seventeen percent in the first quarter of 2008, and WHEREAS, auto sales are a significant source of sales tax revenue for the City, representing more than twenty percent of all sales tax revenue, and WHEREAS, industry analysts predict that this slump in sales will continue through 2009 and that we will begin to see some signs of recovery beginning in 2010 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows Section 1. The foregoing recitals are hereby fully incorporated herein by this reference and are deemed a material part of this Resolution. Section 2 The City Council of the City of Poway hereby approves temporarily suspending enforcement of the following City Code provision as follows. A Poway Municipal Code Section 17 40 190 C, Temporary Signage for Motor Vehicle Dealerships, subdivision 4, Days Allowed. Enforcement of the 3 day time limit (Friday, Saturday and Sunday) imposed by PMC Section 1740 190(C)(4) with regard to temporary signage for motor vehicle dealerships is hereby suspended for a period of twelve (12) months from the effective date of this Resolution. All other provisions of PMC Section 17 40 190 shall remain in full force and effect Section 3 Notwithstanding any other provision of this Resolution, the City Council reserves the right to terminate, at any time, the twelve (12) month suspension period set forth in Section 2 herein. Any such termination shall be by majority vote of the City Council at a duly held City Council meeting Section 4 This Resolution shall become effective immediately upon adoption by the City Council of the City of Poway, California. Resolution No. P-08-28 Page 2 PASSED, ADOPTED and APPROVED by the City Council of the City of Poway, State of California this 14th day of October 2008 ATTEST STATE OF CALIFORNIA ) ) SS COUNTY OF SAN DIEGO ) I, Linda A. Troyan, City Clerk of the City of Poway, do hereby certify, under the penalty of perjury, that the foregoing Resolution No P-08-28, was duly adopted by the City Council at a meeting of said City Council held on the 14th day of October 2008, and that it was so adopted by the following vote AYES BOYACK, HIGGINSON, REXFORD, CAFAGNA NOES NONE ABSTAIN NONE ABSENT EMERY DISQUALIFIED' NONE , d A. Troyan, MMC, City Clerk City of Poway