HomeMy WebLinkAboutReso 2001-174 - Rancho Road Area 'r J
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RESOLUTION NO. 2001- /11
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
PROVIDING FOR THE TRANSFER OF TAX REVENUES
FOR A REORGANIZATION PROPOSAL.
ANNEXATION NO. AN-3-00—RANCHO ROAD AREA
WHEREAS:
A. Revenue&Taxation Code Section 99,as amended,provides for the City of Redding and
the County of Shasta to determine an appropriate property tax transfer for all jurisdictional changes
or organization occurring within Shasta County prior to the proposal being considered by the Local
Agency Formation Commission (LAFCO).
B. The current distribution of property taxes for the affected properties within the
boundaries of the jurisdictional change or organization identified as Reorganization: Redding
Annex No. AN-3-00 (Rancho Road Area) has been determined and provided to each affected
agency.
C. Government Code Section 56842,as amended,requires that nonaffected local agencies'
percentage share will remain constant.
D. The affected local agencies' combined tax apportionment factor subject to negotiation
for a tax exchange as a result of the identified reorganization proposal has been determined and
provided to each affected agency.
E. The City of Redding and the County of Shasta wish to agree to a fair-share distribution
of property tax revenues.
F. The City of Redding and the County of Shasta entered into an agreement on
September 7, 1999,to exchange property taxes for several areas outside the City,including this area.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Redding
does hereby agree to the following distribution of property taxes within the affected area after the
effective date of the identified reorganization:
1. Base Year Property Tax Revenue, as defined in the Revenue&Taxation Code,shall be
distributed as follows:
a. To the County of Shasta, 100 percent of the base year property tax allocated to the
County in the fiscal year of the reorganization.
b. To the City of Redding, 0 percent of the base year property tax allocated to the County
of Shasta in the fiscal year of the reorganization.
c. The base year property tax revenue of any dependent special district governed by the
Board of Supervisors for which service responsibilities are being transferred from the
special district to the City of Redding as a result of the organization shall be distributed
to the City of Redding.
2 Annual Property tax increment revenue,as defined in the Revenue& Taxation Code,
shall be distributed as follows:
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a. To the County of Shasta, 0 percent of the annual property tax increment revenue
allocated to the County in the fiscal year of the reorganization.
b. To the City of Redding, 100 percent of the annual property tax increment revenue
allocated to the County of Shasta in the fiscal year of the reorganization.
c. The annual property tax increment revenue of any dependent special district governed
by the Board of Supervisors for which service responsibilities are being transferred from
the special district to the City of Redding as a result of the reorganization shall be
distributed to the City of Redding.
3. Other Special District Revenues: In recognition of the debt incurred by County Service
Area No. 1—Fire Protection for fire protection and suppression equipment purchased on
behalf of the territory being transferred by the reorganization, the County of Shasta will
continue to receive,until the existing debt is retired,the"Measure B"parcel charge currently
billed to the improved parcels in the reorganization area.
I HEREBY CERTIFY that the foregoing resolution was introduced, read and adopted at
a regular meeting of the City Council of the City of Redding,County of Shasta, State of California,
on the 20th day of November, 2001, by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, Pohlmeyer, McGeorge
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Stegall
ABSTAIN: COUNCIL MEMBERS: None
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DAVID cGEOR. , May..
Attest: Form Approved:
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Connie Strohmayer, Cit Clea W. Leonard Winga tty Attorney
11-12-01
RESO\C C\AN 300-J K.wpd
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