HomeMy WebLinkAboutReso. 1988-404 - Involving property tax transfers between the county of shasta and the city of redding for the tarmac road ii reorganization involving annexation •s 41!
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RESOLUTION NO. M142,1
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 TARMAC ROAD II REORGANIZATION INVOLVING ANNEXATION OF
TERRITORY TO THE CITY OF REDDING AND DETACHMENT OF SAME FROM COUNTY FIRE
PROTECTION ZONE #1.
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 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) 74-035 is as follows:
30.33573% Shasta County's Share
7.19424% Affected District's Share
62.47003% 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 above captioned affected agencies have a combined tax
apportionment factor of 37.52997% 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. 88-1, Tarmac Road II, is an uninhabited annexa-
tion; and
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
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 County and any Special Districts on the basis of
54% to the County of Shasta and 46% to the City of Redding.
37.52999422% = Total of Affected Agencies Tax Apportionment Factors
54% = County Share 20.26619688
46% = City Share 17.26379734
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 15th day
of November , 1988, and was duly adopted at said meeting by the following
vote:
AYES: COUNCIL MEMBERS: Buffum, Carter, Fulton, & Johannessen
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dahl
ABSTAIN: COUNCIL MEMBERS: None
/
(„1"'
i Kf AURICEGJOHANNESSEN, Mayor
City of Redding
ATTEST:
eseciaizez-at
ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
RANDALL A. HAYS, C. y A orney
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I
7 _• FORMA MASTER RESOLUTION •
RESOLUTION NO. 88-305
INVOLVING PROPERTY TAX TRANSFERS BEIWEEN THE COUNTY
OF SHASTA AND THE CITY OF Redding FOR THE
Redding Annexation No. 88-1 (Tarmac II)
WHEREAS, Assembly Bill 8 (Chapter 282) Statutes 1979, as sub-
sequently amended, provides for the Shasta County Board of Supervisors and
any affected city 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 within the
affected tax rate area(s) 74-035 is as follows:
30.33573 % Shasta County's Share
7.19424 % Affected District's Share
62.47003 % 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 above captioned affected agencies have a canbined tax
apportionment factor of 37.52997 % 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,
1'LW, LORE, BE IT RESOLVED, that the Shasta County Board of
Supervisors DOES HEREBY AGREE to the following formula for property tax
distribution within the affected area after change of
crganization/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.
2) The base year tax revenue of any affected Special District
for which service responsibilities are being transferred
fresn the Special District to the City as a result of the
change of organization shall be distributed to the City.
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Master Property Tax Exchange Resolution Page 2
2) ANNUAL TAX INCREMENT REVENUE
Annual tax increment as defined in Revenue & Taxation Code result-
ing from increases in assessed valuation over the base year
valuations shall be distributed between the affected City and the
County on a proportionate basis, utilizing all the tax increment
revenue available from each of the agencies affected by the change
or organization, including the County and any Special Districts on
the basis of 54% to the County of Shasta and 46% to the City in-
volved in the change or organization.
37.52999422 = Total of Affected Agencies Tax Apportionment
Factors
54% = County Share 20.26619688
46% = City Share 17.26379734
PASSED AND ADOPTED on the first day of November , 1988 , by the
following vote:
AYES: Supervisors Maddox, Peters , Reit , Bosworth, Hathaway
rpED: None
ABSENT: None
,,
Ai • • ' r , BOARD OF SUPE• SORS,
County of Shasta, State of
Wil! • California
CLERK OF THE BOARD OF SU' RVI'0'2/ 1
County of Shasta, State of Calif.rnia /
G
ATrEsr: ty of R d ah
State of Cal ifornie
CITY CLERK, CITY OF Re.and 4,
State of California 0'
F0,0,Pis APP \l'
A- vee
CITY LEGAL EPT
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TAX EXCHANGE AGREEMENT - CITY OF REDDING
ANNEXATION NO. 68-1 ( TARMAC RD II )
UNINHABITED ANNEXATION
[. TAX [ • TAX [ TAX - --
.
[ AFTER .
. BEFORE [ EXCHANGE [ EXCHANGE •
DESCRIPTION_.:.. .. -
[ EXCHANGE [ . .
5614 . 46 .OG 5614.46
COUNTY OF SHASTA � 1331 . 49 -1331 .49 .00
COUNTY FIRE PROTECTION ZONE 1
__ :,__—.. .00 1331 .49 1331 .49
CITY._.OF REDDING .
. ..
TOTAL SUBJECT TO NEGOTIATED EXCH 6945.95 .00 6945 .95
TOTAL.- NOT: SUBJECT TO NEG EXCH
11561 .78 .00 11561 .78
1 .
18507 .73 .00 13507 .73
TOTAL 1 TAX _
FUTURE YEARS TAX SHARING PERCENTAGES
BASE INCREMENTAL
TAX T A X
COUNT OF SHASTA -
CITY OF REDDING 7 . 194257219 17 . L :am7 7:4
SCHOOLS/DISTRICTS NOT SUBJECT
62 . 47003578 62. 4700057B
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TAX AREA ..ODE 74 . 033 XEXC SU
CITY OF REDDING [ 198E-39 [ PERCENT [ TAX
[ ABS [ OF 1% [ AMOUNTS
[ REVENUE [ TAX RATE [
AGENCY/DESCRIPTION [ FACTOR [ [
COUNTY OF SHASTA .3033573 30.33573 5614. 46
COUNTY FIRE PROTECTION ZONE 1 . 0719424 7. 19424 1331 .49
TOTAL SUBJECT TO NEGOTIATED EXCH . 3752997 37.52997 6945 . 95
RATES NOT SUBJECT TO NEG EXCH . 6247003 62.47003 11561 .7S
TOTAL 1% TAX 1 100.30 13507 .73
VOTER APPROVED DEBT .0771
i i i i-a L 1986-B9 T n is RATE 1 .0771
DITERMINATION OF TAX AMOUNT
;.3 S E S E F D V I-I L U F '-
EXEi'iP T _ONr-. -8300
T3-,LL VA_UE
T C`AL c. 1 r... 13507 . 73
PERCENT 13-7-7E F.ATEE
P TEN CY PERCENT
0 UN l . OFi-iA: ,L, 54
ANNEXING AGENCY46
100
TAX ALLOCATION
UNINHABITED ANNEXATION - EASE TAX
AMOUNT FACTOR
OR
TOTAL TAX SUBJECT TO NEG EXCH 6945 . 95 1 .00
LESS CITY ( FIRE & SPEC DIST ) 1331 - 49 .0719424
COUNTY SHARE 5614 . 46 .9280576