HomeMy WebLinkAboutReso 99-129 - Providing for the Transfer of Tax Revenues For A Reorganization Proposal Annexation No. 99-4 ,. E, .. .
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RESOLUTION NO. 9���
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
PROVIDING FOR THE TRANSFER OF TAX REVENUES
FOR A REORGANIZATION PROPOSAL
ANNEXATION No. 99-4
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 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 No. 99-4
(Stillwater#1) has 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 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.
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c. The base year property tax revenue of any dependent special district governed by the Board ��,Q,
of Supervisors for which service responsibilities are being transferred from the special district iu
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. �
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: In recognition of 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 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 and read at a regular meeting of the
City Council of the City of Redding on the 21 st day of September 1999, 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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ROBERT C. ANDERSON, Mayor
ATTEST: FORM APPROVED:
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CONNIE STROHMAYER, ity Clerk W. LEONARD G TE, City Attorney