HomeMy WebLinkAboutReso 2000-199 - Reorganization Proposal - ..7 -
RESOLUTION NO. 2€4,0— /9'f
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
PROVIDING FOR THE TRANSFER OF TAX REVENUES
FOR A REORGANIZATION PROPOSAL
ANNEXATION NO. 00-4
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's 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. 00-4 has been determined and provided to each affected agency; and
WHEREAS, Government Code Section 56842, as amended, requires that nonaffected 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
NOW,THEREFORE,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, 100 percent of the base year property tax allocated to the County of Shasta
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 special district governed by the Board of
Supervisors shall be distributed to those special districts in the same ratio that is used for
parcels currently in that district.
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AMENDED BY RESOLUTION NO. 03-83 .1�
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2. Annual Property tax increment revenue, as defined in the Revenue&Taxation Code,shall be
distributed as follows:
a. To the County, 100 percent of the annual property tax increment revenue allocated to the
County of Shasta in the fiscal year of the reorganization.
b. To the City, 0 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 shall be distributed to those special districts in the same ratio that
is used for parcels currently in that district.
I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting
of the City Council of the City of Redding on the 5th day of December , 2000, and was fully
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, Pohlmeyer, Stegall and McGeorge
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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ATTEST: FORM APPROVED:
CONNIE STROHMAY;y `1, G Clerk W. LEONARD WING*T , City Attorney
11-14-00
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