HomeMy WebLinkAboutReso. 1986 - 008 - Agreeing to exchange of property tax revenues for unihabited annexation no. 85-12 .- - i •` 0 1183A 0 RaecpE psr ba
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��` RESOLUTION NO. 3(c:'.
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
UNINHABITED ANNEXATION NO. 85-12 TO THE CITY OF REDDING
(GOLD HILLS AREA) .
WHEREAS, Subparagraph (b) of Section 99 of the Revenue and
Taxation Code requires the Board of Supervisors and the City
Council to agree to the exchange of property tax revenues with
respect to property annexed to the City after July 24 , 1979; and
WHEREAS, the City of Redding proposes to annex to the City
of Redding certain territory commonly known as Annexation No.
85-12 (Gold Hills area) ; and
WHEREAS, said annexation is of territory properly charac-
terized as uninhabited lands;
NOW, THEREFORE, BE IT RESOLVED that the Board of Supervisors
and the City Council agree that for Annexation No. 85-12 to the
City of Redding, uninhabited land, the property tax, both secured
and unsecured, shall be distributed as follows:
1 . Base year tax - the base year tax as defined i..n Revenue
and Taxation Code §98 (f) shall continue to be dis-
tributed in the same manner as in the fiscal year
previous to annexation.
2. Annual tax increment - that portion of the tax as
defined in Revenue and Taxation Code §97 (c) resulting
from increases in assessed valuation over the base year
valuations shall be distributed to the City of Redding
in an amount sufficient to insure that the annexed
property earns the same percentage of total tax as was
earned by other property in the City immediately prior
to annexation.
3 . Any portion of the annual tax increment that would have
otherwise gone to any special district will henceforth
be distributed to the City of Redding because the City
BooK22O3PAu '355
III 111
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is assuming services formerly rendered by such special
district.
BE IT FURTHER RESOLVED that this annexation, to be recorded
by the end of the calendar year (December 31) , shall be entitled
to distribution of property taxes from and after the first day of
the next succeeding fiscal year (July 1) .
BE IT FURTHER RESOLVED that the County Auditor shall be
notified of this resolution pursuant to Subparagraph (b) of §99
of the above referenced code.
I HEREBY CERTIFY that the foregoing resolution was intro-
duced and read at a regular meeting of the City Council of the
City of Redding on the 6th day of January , 1986 , and
was duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Demsher, Fulton, Gard, & Kirkpatrick
NOES : COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Pugh
ABSTAIN: COUNCIL MEMBERS: None
#76/ejac_QA4-44f
HOWARD D. KIRKPATRACK, Mayor
City of Redding
... ATTEST:
P
ETHEL .A. ,NICHOLS, City Clerk
FORM, APPROVED
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"..`"'RAN ALL A. HAYS, City Attorney
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1183 -2- B0OX 2203PA if 356 tri°
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PROPERTY TAX EXCHANGE AGREEMENT
BETWEEN
THE CITY OF REDDING ( City) AND THE COUNTY OF SHASTA (County)
FOR.
ANNEXATION NO. 85-12 (Gold Hills, Uninhabited)
WHEREAS, subparagraph (b) of Section 99 of the Revenue and
Taxation Code requires the County and the City Council to agree
to the exchange of property tax revenues with respect to property
annexed to the City after July 24 , 1979, and
WHEREAS, the City of Redding proposes to annex to the City
certain uninhabited territory commonly known and described as
Annexation No. 85-12 , Gold Hills (the Area) ;
NOW, THEREFORE, the parties agree as follows:
1 . For the annexation listed above, the property tax, both
secured and unsecured, shall be distributed as follows:
(a) Base year tax - the base year tax as defined in Revenue
and Taxation Code Section 98( f) shall continue to be
distributed in the same manner as in the fiscal year
previous to annexation.
(b) Annual tax increment - that portion of the tax as
defined in Revenue and Taxation Code section 97(Ib) resulting
from increases in assessed valuation over the base year
valuations shall be distributed to the City of Redding in an
amount sufficient to insure that the annexed p4operty earns
the same percentage of total tax as was earned by other
property in the City immediately prior to annexltion.
(c) Upon annexation, taxes previously distributed to any
special district which, after annexation will no longer
render services to the territory annexed, will be first
distributed to the City to insure the City will receive the
same percentage of the total tax earned by other property in
the City immediately prior to annexation.
2 . This annexation, to be recorded by the end of the
calendar year (December 31) , shall be entitled to distribution of
property taxes from and after the first day of the next succeed-
ing fiscal year (July 1) .
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3 . That the County Auditor shall be notified of this
agreement pursuant to subparagraph (b) of Section 99 of the above
referenced Code.
4 . This agreement will be effective when executed by both
parties.
Dated: 111 198 Af40 � ;�,,
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HOWARD D. KIRKPA .ICK
Mayor, City of Redding
ATTEST:
C4,6?,-.726c.1316
ETHEL A. NICHOLS, City Clerk
Dated: March 11, 1986 ��
ABE HATHAWAY, Vicel- airman
Chairman, Board of Supervisors,
County of Shasta,
State of California
ATTEST:
ANN REED
ANN REED, County Clerk and ex
officio Clerk of the Board of
Supervisors, County of Shasta,
State of California
By A LA
j!IMOV .n, Assistant County Clerk