HomeMy WebLinkAboutReso 91-509 - Rescinding City Council Reso 90-523 & approve a reso involving Prop Tax Transfers between Co Of Shasta and COR for the COR Reorganization No. 90-9 (Kisling Rd) RESOLUTION NO. T �O
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING RESCINDING CITY
COUNCIL RESOLUTION NO. 90-523 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 jurisdic-
tional 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 areasll5-004, 115-016, and 115-017 are
as follows:
31.02081% Shasta County's Share
7.09614% County Service Area No. 1 - Fire Service
61.88305% Nonaffected District's Share
100.00000% 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 38.11694% 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. 90-523 is hereby
rescinded.
NOW, THEREFORE, BE IT FURTHER 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
a. "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 year of annexation.
(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.
Q)
*Recinded by Reso #93-66
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 the19th day
of November 1991, and was duly adopted at said meeting by the following
vote:
AYES: COUNCIL MEMBERS:Arness, Buffun, Moss & Dahl
NOES: COUNCIL MEMBERS:NOne
ABSENT: COUNCIL MEMBERS:Fulton
ABSTAIN: COUNCIL MEMBERS:None
MIKE DAHL, Mayor
City of Redding
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
RA L A. HAYS, C ty Xttorney
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