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Home My WebLink AboutReso 2018-026 - Transfer of Tax RESOLUTION NO. 2018-026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING PROVIDING FOR THE TRANSFER OF TAX REVENUES FOR REORGANIZATION PROPOSAL 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 City of Redding has submitted an application to Shasta LAFCO, identified in City of Redding Resolutions#2007-121 and#2017-103 as "Annexation No. AN-1-04 and Campo Calle Area— Westridge Plan," (the "Annexation") to annex approximately 63 acres in Shasta County to the City of Redding and to detach that area from County Service Area # 1 — Fire Protection ("CSA # 1") and County Service Area# 15 —Street Lighting ("CSA # 15"); and WHEREAS, a map showing the proposed area to be annexed to the City of Redding and detached from CSA# 1 and CSA# 15 is attached as Exhibit A; and WHEREAS, the phrase "area of the Annexation" shall refer to the area to be annexed by the City of Redding, and detached from CSA# 1 and CSA# 15; and WHEREAS, the current distribution of property taxes for the affected properties within the boundaries of the Annexation 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 in the area of the Annexation; and WHEREAS, the Shasta County Auditor-Controller will work with the State Board of Equalization to establish a new Tax Rate Area (TRA) for the area of the Annexation prior to allocation and distribution of property tax revenue under this resolution; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Redding does hereby agree to the following distribution of property taxes generated in the area of the Annexation after the effective date of the Annexation: 1. Base Year Property Tax Revenue, as defined in the Revenue & Taxation Code, shall be distributed as follows: ca a. To the County of Shasta, 100 percent of the base year property tax revenue allocated to the County of Shasta for Fiscal Year 2017/2018 pursuant to the Tax Rate Allocation Factors established by law. b. To the City of Redding, 0 percent of the base year property tax revenue allocated to the County of Shasta for Fiscal Year 2017/2018 pursuant to the Tax Rate Allocation Factors established by law. c. To CSA # 1, 100 percent of the base year property tax revenue allocated to CSA# 1 for Fiscal Year 2017/2018 pursuant to the Tax Rate Allocation Factors established by law. d. To the City of Redding, 0 percent of the base year property tax revenue allocated to CSA # 1 for Fiscal Year 2017-2018 pursuant to the Tax Rate Allocation Factors established by law. e. To the Shasta County Water Agency, 0 percent of the base year property tax revenue allocated to the Shasta County Water Agency commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. f. To the City of Redding, 100 percent of the base year property tax revenue allocated to the Shasta County Water Agency commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. g. To each Special District (as defined in Revenue & Taxation Code Section 95(m)) affected by the Annexation, except for the Shasta County Water Agency, 100 percent of the base year property tax revenue allocated to each Special District pursuant to the Tax Rate Allocation Factors established by law. h. To the City of Redding, 0 percent of the base year property tax revenue allocated to all Special Districts affected by the Annexation, except for the Shasta County Water Agency, pursuant to the Tax Rate Allocation Factors established by law. 2. Annual Property tax increment revenue,as defined in the Revenue& Taxation Code, shall be distributed as follows: a. To the County of Shasta, 100 percent of the current annual property tax increment revenue allocated to the County of Shasta prior to the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. b. To the County of Shasta, 40 percent of future annual property tax increment revenue allocated to the County of Shasta commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. Said monies are to be designated for Shasta County adult and juvenile custodial operations. c. To the City of Redding, 60 percent of future annual property tax increment revenue allocated to the County of Shasta commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. d. To CSA# 1, 100 percent of the annual property tax increment revenue allocated to CSA # 1 pursuant to the Tax Rate Allocation Factors established by law. e. To the Shasta County Water Agency, 0 percent of the annual property tax increment revenue allocated to the Shasta County Water Agency commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. f. To the City of Redding, 100 percent of the annual property tax increment revenue allocated to the Shasta County Water Agency commencing the first fiscal year following the date the new TRA appears on the State Board of Equalization's Tax Rate Area Chart. g. To each Special District (as defined in Revenue & Taxation Code Section 95(m)) affected by the Annexation, except for the Shasta County Water Agency, 100 percent of the annual property tax increment revenue allocated to each Special District pursuant to the Tax Rate Allocation Factors established by law. h. To the City of Redding, 0 percent of the annual property tax increment revenue allocated to all Special Districts affected by the Annexation, except for the Shasta County Water Agency, pursuant to the Tax Rate Allocation Factors established by law. BE IT FURTHER RESOLVED that the City Manager, to the extent permissible by law, is hereby authorized to sign any documents pertaining to implementation of this resolution and to act as the City Council representative in the above related tax exchange matter. I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the City Council of the City of Redding on the 3rd day of April, 2018, and was adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: McElvain, Sullivan, Winter, & Schreder NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Weaver ABSTAIN: COUNCIL MEMBERS: None *:°Ti "1"-€11-- K STEN SC &ER, Mayor ATTEST: FORM APPROVED: OA YT 144 PAMELA MIZE, City Jerk BARRY E. De ALT,City Attorney IFIWAIMPFIRPRIMPIEW W -ice ---- r �� REC. KU LN1110111141FIFZ., All . VA:4111P11 itkr r , iw • EN ,.. /* la- ' - - it V &*. 4 .i • *xi m ist im in se Ali Li ...1,.-.2 ire- �' . 1.6 ■. " lik ti.dik. me ER g 1111im= IP la IA . If ,. .„ it FMPOCALLE' 142.98 ACRES _, Lit A d Alli AI nom pre; V "aft11174%p � � .1 �.� r, VP) PF 7 --- 111111 . irA AA A A! 1OMrSONLN ■ GREENVIEW THOMPSON LN 37.01 ACRES - 44.r . 1 ��,i TOTAL O F m� - . I_ ANNEXATION MCCULLOCH AREAS 2.41 ACRES ± 62.6 ACRES I ----Ar m m m Z CITY LIMITS 1 I I N GIS DIVISION LOCATION MAP MTG DATE: DEVELOPMENT SERVICES DEPARTMENT DATE PRODUCED: ITEM: W E MARCH 22,2018 0 300 600 Feet AN-01-04 & CAM PO CALLE AREA S WEST RIDGE PROPOSED ANNEXATION ATTACHMENT P:1P LAN NINGID WG1AN N EXSWEST_RI DGE_ANNEX.MXD