HomeMy WebLinkAboutReso 99-158 - Providing for the Transfer of Tax Revenues for a reorganization Proposal Annexation No 99-1 .
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RESOLUTION N0. 1�L�S
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
PROVIDING FOR THE TRANSFER OF TAX REVENUES
FOR A REORGANIZATION PROPOSAL
ANNEXATION NO. 99-1
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 of organization identified as Reorganization:Redding Annex
No.99-1 (East Cypress Avenue area)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
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,TAEREFORE,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 r�
in the fiscal year of reorganization. �\�
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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
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special district to the City of Redding as a result of the reorganization 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 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 7th day of December 1999, and was fully
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, Pohlmeyer and McGeorge
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Anderson
ABSTAIN: COUNCIL MEMBERS: None
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ROBERT C. ANDERSON, MAYOR
City of Redding
ATTEST: FORM APPROVED:
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�„ CONI�TIE STROHM YER, City Clerk �W. LEONARD 'IN ATE, City Attorney
11-22-99
STAF�AN 199-JK-CC-RESO.wpd