HomeMy WebLinkAboutReso. 1986 - 010 - Agreeing to exchange of property tax revenues for inhgabited annexation no. 85-11 r, � e 11 .
RECantIO �� ST ORE
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6 AT OFFICIAL q IECORDS SHASTA COUNTY.GAUP.
eb„� 6. �,� qool ,� JAN1 31986
RESOLUTION NO. fw W/fire
RECORDER FEE $ ••• • • 1 •
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR INHABITED
ANNEXATION NO. 85-11 (LEMA ROAD AREA) .
WHEREAS, Subparagraph (b) of Section 99 of the Revenue and
Taxation Code requires that the Board of Supervisors and the City
Council of the City of Redding 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 territory commonly known as Annexation No. 85-11 (Lema
Road area) ; and
WHEREAS, said annexation is of territory properly charac-
terized as inhabited lands;
NOW, THEREFORE, BE IT RESOLVED as follows:
1 . That the City Council agrees that for Annexation No.
85-11 of the City of Redding, inhabited land, the property tax,
both secured and unsecured, 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 prior to January 1 , 1979, provided
that 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
BUDK220-PAVE 357
PIP"-
111
tax earned by other property in the City immediately prior to
annexation.
2 . 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 succeed-
ing fiscal year (July 1) .
3 . That the Shasta County Auditor shall be notified of
this resolution pursuant to Subparagraph (b) of Section 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
,,,a). . HOWARD D. KIRKPA 'RICK, Mayor
City of Redding
ATTEST:. .
ETHEL A. ,NICHOLS, City Clerk
FORM APPROVED:
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DALL A. H S/ity Attorney
• 1184 -2- BOQK22O3ntiE 358
•
PROPERTY TAX EXCHANGE AGREEMENT
BETWEEN
THE CITY OF REDDING (City) AND THE COUNTY OF SHASTA (County)
FOR
ANNEXATION NO. 85-11 (Lema Road, Inhabited)
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 inhabited territory commonly known and described as
Annexation No. 85-11 , Lema Road (the Area)_;
NOW, THEREFORE, the parties agree as follows:
1. For annexation No. 85-11 to the City, the property tax,
both secured and unsecured, shall be distributed to the City 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 in the year prior to annexation.
2 . 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.
3 . 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 ) .
III o
4 . That the County Auditor shall be notified of this
agreement pursuant to subparagraph (b) of Section 99 of the above
referenced Code.
5 . This agreement will be effective when executed by both
parties .
Dated: , - y, �9 g4. f i -142 � c
2 'HOWARD D. KIRKPAT ICK
Mayor, City of Redding
ATTEST:
ETHEL A. NICHOLS, City Clerk ,t)
��_ 4"--121V--4---z: FEB 2 5 1986
Dated: )72Z-rej,2 Y /90 tte ALLv'w�ct:II '�
STEPHEN C. SWENDIMAN
Chairman, Board of Supervisors,
County of Shasta,)
State of California
ATTEST:
ANN REEDS IIIRS
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q 1 i t(14°AV)‘'% "9:0 4.1
R: , County Clerk and ex
o ' is • Clerk of the Board of
Supervisors, County of Shasta,
State of California