HomeMy WebLinkAboutReso 99-036 - Providing for the transfer of tax revenues for a reorganization proposal 4 ' �µ • •
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Resolution No. �-'.31v
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
PROVIDING FOR THE TRANSFER OF TAX REVENUES
FOR A 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 of 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 of organization identified as Reorganization: Redding
Annex AN-2-98;County Service Areallo. 1—Fire Protection Detachment;and County Service Area
No. 15—Street Lighting Detachment,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.
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 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 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. �
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City Council Resolution No. Page 2
2. Annual Properry 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 of 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: None.
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 2nd day of March � 1 gO9 and was
fully adopted at said meeting 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
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R BERT C. ANDERSON, Mayor
ATTEST:
CONNIE STROHMAY , ity Clerk
F012M APPROVED:
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�W. LEONARD WING�A�TE, City Attorney
2-18-99
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