HomeMy WebLinkAboutReso. 1988-241 - Involving property tax transfers between the county of shasta and the city of redding •
RESOLUTION NO. 83-.2v
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING - -INVOLVING
PROPERTY TAX TRANSFERS BETWEEN - THE- COUNTY—OF- SHASTA AND THE CITY OF
REDDING FOR THE TWINVIEW NORTH REORGANIZATION INVOLVING ANNEXATION OF
TERRITORY TO THE CITY OF REDDING AND DETACHMENT OF SAME FROM COUNTY FIRE
PROTECTION -ZONE #1.
WHEREAS,._ Assembly -Bill8 (Chap.ter 282) ,_Statutes. 1979, as_ subsequently
amended, provides for the Shasta County Board of Supervisors and the Cityof .
Redding to negotiate an appropriate property tax transfer for all jurisdic-
tional changes of organization that results -in the 'annexation Of. land to - the
City of Redding prior to the proposal- being - considered- by-the Local Agency
Formation' Commission .(LAFCO); and
WHEREAS, the current distribution of property taxes within the affected
tax rate area(s) 136.018 is as follows:
16.63819758%Shasta County's Share
14.17327942% Affected District's Share
69.18852300% Nonaffected District's Share
100.0000000% and
WHEREAS, Senate Bill 180 (Chapter 801) requires that nonaffected local
agencies percentage share will remain constant; and
WHEREAS, the above captioned affected agencies have a combined tax
apportionment factor of 30.81% 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; and
WHEREAS, Annexation No. 86-4, Twinview North, is an uninhabited annexa-
tion; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
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Redding DOES HEREBY AGREE to the following formula for property tax distribu-
tion within the affected area after change of organization/reorganization:
1. BASE TAX REVENUE
A. "Base year tax" as defined in Revenue & Taxation Code shall be
distributed as follows:
(1) To the County in the same manner as in the fiscal year of
annexation.
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(2) 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.
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 on a
proportionate basis, utilizing all the tax increment revenue avail-
able from each of the agencies affected by the change or .organiza-
tion, including-the Countyand any Special Districts on the basis of
54% to the County of Shasta and 46% to the City of Redding.
30.81147701% = Total of Affected Agencies Tax Apportionment Factors
54% = County Share 16.63819758
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46% = City Share 14.17327942
BE IT FURTHER RESOLVED, that the City Council of the City of Redding
hereby authorizes the Mayor to execute the attached PRO FORMA MASTER
RESOLUTION on behalf of the City of Redding.
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 5th day
of July , 1988, and was duly adopted at said meeting by the following
vote:
AYES: COUNCIL MEMBERS: Buffum, Carter, Dahl , Fulton, & Johannessen
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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K.(AAUR)CEJOHANNESSEN, Mayor
City of Redding
ATTEST:
. �i
ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
RAN ALL A. HAYS, Ci Attorney
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