Torrance Municipal Code Art. 7 Mining Operations

(Amended by O-2843; O-3354; O-3364)

The license tax for carrying on the business of earth, sand, and gravel mining shall be $332.002 per year, and in addition thereto, one (1) cent per ton for each ton of earth, sand, gravel, or combination thereof, severed from the location of the mine or mines.

The severance tax of one (1) cent per ton as provided in Section 35.7.1. shall be paid to the License Supervisor quarterly within thirty (30) days following the end of each calendar quarter for which the tax is due.

(Added by O-2843; O-3313)

a) If the Consumer Price Index, Urban Wage Earner and Clerical Worker, Los Angeles, Anaheim, Riverside Metropolitan Area, prepared by the United States Bureau of Labor Statistics, Department of Labor for the last calendar month available on October 31, 1990 shall stand at 130.5 (using the price prevailing during the years 1982-84 as a base of 100) then the amount of the fees provided in Section 35.7.1 shall remain as written herein.

b) If the said index for said month shall stand at other than 130.5 then the amount of fees provided in Section 35.7.1 shall be increased or decreased a corresponding amount; provided, however, that the fees shall be rounded to the nearest cent.

c) The amount of adjustment shall be determined by the Director of Finance, who shall provide such adjusted figures annually thereafter.

d) In the event the said Bureau shall revise the said index, the Director of Finance shall accept the method of revisions or conversion recommended by the Bureau.

e) If the said Bureau shall discontinue the preparation of the Consumer Price Index, Urban Wage Earner and Clerical Worker, Los Angeles, Anaheim, Riverside Metropolitan Area, prepared by the United States Bureau of Labor Statistics, Department of Labor, using prices prevailing in the years 1982-84 as a base of 100, and if no transposition table prepared by the Bureau is available which is applicable to the years 1982-84, then the fees shall be increased or decreased on the basis of any other nationally recognized indicator of increases or decreases in consumer product prices.