HomeMy WebLinkAboutReso 2000-077 - Reorganization Proposal RESOLUTION NO. 2000- 77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
RESCINDING RESOLUTION NO. 2000-9, AND PROVIDING FOR THE
TRANSFER OF TAX REVENUES FOR A REORGANIZATION PROPOSAL.
ANNEXATION NO. 99-2
WHEREAS,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); and
WHEREAS,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.99-2 (Lake
Boulevard East), CSA#15 - Street Lighting, and Buckeye Fire Protection District detachments have been
determined and provided to each affected agency; and
WHEREAS,Government Code Section 56842,as amended,requires that non-affected local agencies'
percentage share will remain constant; and
WHEREAS,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; and
WHEREAS,the City of Redding and the County of Shasta wish to agree to a fair-share distribution of
property tax revenues; and
WHEREAS,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,the City Council of the City of Redding hereby rescinds Resolution No. 2000-9
and 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, 100 percent of the base year property tax allocated to the County of Shasta
in the fiscal year of 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 reorganization.
c. The base year property tax revenue of any independent special district for which service
responsibilities are hereby transferred from the independent 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:
a. To the County, 0 percent of the annual property tax increment revenue allocated to the
County of Shasta in the fiscal year of 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 or reorganization.
c. The annual property tax increment revenue of the independent special district from which
service responsibilities are hereby transferred from the special district to the City of Redding
as a result of the reorganization shall be distributed to the City of Redding.
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 on the 2nd day of May, 2000, by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, McGeorge, Pohlmeyer and Anderson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
OBERT C. ANDERSON, Mayor
Attest: Form Approved:
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