HomeMy WebLinkAboutReso 93-066 - Rescinding City Council Reso 91-509 approving reso involving Prop Tax Transfers between County of Shasta & COR - Reorganization No 90-9 (Kisling Roak Area) (2) R
RESOLUTION NO. V3--66,
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING RESCINDING
CITY COUNCIL RESOLUTION NO. 91-509 AND APPROVING A RESOLUTION
INVOLVING PROPERTY TAX TRANSFERS BETWEEN THE COUNTY OF SHASTA
AND THE CITY OF REDDING FOR THE CITY OF REDDING REORGANIZATION NO.
90-9 (KISLING ROAD AREA)
WHEREAS, Assembly Bill 8 (Chapter 282) Statutes 1979, as subsequently amended, provides
for the Shasta County Board of Supervisors and the City of Redding 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
affected tax rate areas 115-004, 115-016, and 115-017 are as follows:
31.1770428% Shasta County's Share
7.1206226% City of Redding Share
61.7023346% Nonaffected District's Share
100.000000%; and
WHEREAS, Senate Bill 180 (Chapter 801) requires that nonaffected local agencies' percentage
share will remain constant; and
WHEREAS, the affected local agencies have a combined tax apportionment factor of
38.29766% which is subject to negotiation for a tax exchange as a result of the proposed change of
organization or reorganization; and
WHEREAS, the County of Shasta and the City of Redding wish to agree to a fair-share
distribution of remaining property tax revenues,
NOW, THEREFORE, BE IT RESOLVED, that Resolution No. 91-509 is hereby rescinded.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Redding
DOES HEREBY AGREE to the following formula for property tax distribution within the affected
area after change of organization/reorganization, including modifications to the annexation area that
are approved by LAFCO:
1. BASE TAX REVENUE
"Base year tax" as defined in Revenue & Taxation Code shall be distributed as follows:
(1) To the County, 100% of the base year tax allocated to the County in the fiscal
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year of annexation.
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(2) To the City, 0% of the base year tax allocated to the County in the fiscal year
of annexation.
(3) The base year tax revenue of any affected Special District for which service
responsibilities are being transferred from the Special District to the City as a
result of the change of organization shall be distributed to the City.
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2. ANNUAL TAX INCREMENT REVENUE
Annual tax increment as defined in Revenue & Taxation Code resulting from increases
in assessed valuation over the base year valuations shall be distributed between the City
of Redding and the County as follows:
(1) To the County, 100% of the annual tax increment otherwise allocated to the
County.
(2) To the City 0% of the annual tax increment otherwise allocated to the County.
(3) The annual tax increment revenue of any affected special district for which
service responsibilities are being transferred from the special district to the City
as a result of the change of organization or reorganization shall be distributed to
the City.
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 1993, and
was duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Arness, Dahl, Kehoe and Moss
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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CHARLIE MOSS, Mayor
City of Redding
ATTEST:
CONNIE TROHMAYER ity Clerk
FORM APPROVED:
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RANDAIY A. HAYS, City Attorney