Council Votes 7-2 To Approve "Sales Tax Rebate" For Marina Pacifica Landlord To Woo Tenant
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(June 19, 2007, from front page posting) -- Following an eight minute discussion, a majority of the City Council, with the support of Mayor Bob Foster, approved on a 7-2 vote (Andrews, Schipske dissenting) a sales tax kick-back arrangement, rebating to the Marina Pacifica shopping center landlord a portion of sales tax to which LB taxpayers would otherwise be entitled, in connection with a prospective large tenant.
The motion to approve was made by Councilman DeLong, who argued (as did Mayor Foster) that taxpayers will be better off with the tenant and the rebate than with a lesser tenant without the rebate.
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