Torrance Municipal Code Art. 8 Swap Meets

a) Swap meet shall mean any location, enclosure, lot or building where two (2) or more persons assemble from time to time to trade, barter, or sell personal property.

b) Swap meet operator shall mean any person who conducts a swap meet.

c) Swap meet participant shall mean any person who rents or is allotted a space from the swap meet operator and conducts the business of selling, buying or trading therein.

d) Participant space shall mean ground space occupied for one (1) day or fraction thereof by a participant, consisting of three hundred (300) square feet more or less.

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

The license tax for operating a swap meet shall be $1,101.003 per quarter year, to be paid in advance. This tax shall entitle the operator to conduct a swap meet at the location specified in the license and in addition thereto shall entitle the operator to use parking lots in connection with said business and transport customers or prospective customers from said parking lot or lots to the swap meet location.

(Amended by O-2843)

The swap meet operator shall collect from each participant twenty-six (26) cents per day or portion thereof for the privilege of occupying one (1) participating space. This fee when collected shall be the property of the City of Torrance and shall be paid to the License Supervisor within thirty (30) days following the end of each calendar quarter during which the license tax was collected from the participant.

(Added by O-2843; amended by 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 35.8.2 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 35.8.2 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, and he shall provide such adjustment 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 year 1967 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.