Shall the ordinance be adopted to amend Chapter 3.32 of the Portola Valley Municipal Code to reduce the general purpose Utility Users Tax levied on telephone, gas, water and electricity, from 5.5 percent to 4.5 percent, for a period of five years with authority given to the Town Council to further reduce the tax rate by resolution?

Do the People of the Town of Portola Valley adopt an ordinance that continues the reduction of the general purpose Utility Users Tax levied on telephone, gas, water and electricity, set forth in Chapter 3.32 of the Portola Valley Municipal Code, from 5.5% to 4.5% on the charges made for such utility services for a period of four years from July 1, 2014 through June 30, 2018?