HomeMy WebLinkAboutReso. 1985 - 226 - Agreeing to exchange of property tax revenues for inhabited annexation no. 85-5 S S
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR INHABITED
ANNEXATION NO. 85-5 (WOODED ACRES NORTH 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. 85-5 (Wooded
Acres North 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.
85-5 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
f'�
. - •
11/
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.
4. That Resolution No. 83-239 is hereby rescinded and
shall be of no further force and effect.
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 7th day of October , 1985 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Demsher, Fulton, Pugh, & Kirkpatrick
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Gard
ABSTAIN: COUNCIL MEMBERS: None
1
4411` di - 1
HOWARD D. KIRKP RICK, Mayor
City of Reddin
ATTEST:
e6ese(,r( .
ETHEL A. NICHOLS, City Clerk
FORMM APPROVED:
RAN'ALL A. HAYS, Ci , y Attorney
-2-
'RN 2 C 19P6 41/ 41/
PROPERTY TAX EXCHANGE AGREEMENT
BETWEEN
THE CITY OF REDDING ( City) AND THE COUNTY OF SHASTA ( County )
FOR
ANNEXATION NO . 85-5 (Wooded Acres North Area , Inhabited)
WHEREAS , subparagraph ( b ) of Section 99 of the Revenue and
Taxation Code requires the County and the City 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 as Annexation No. 85-5
[the Wood Acres North Area] ;
NOW , THEREFORE , the parties agree as follows :
1 . For Annexation No. 85-5 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 succeeding fiscal
year (July 1 ) .
1 .
111
4. 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 .
Executed by the parties hereto on the dates listed below.
Date : 2y /984
YOZ/Lffla .6')4 ;'/I LI
HOWARD KIRKPATRICK
ATTEST : Mayor , City of Redding
ETHEL NICHOLS , City Clerk
Date : January 28, 19 86 die /
ABE HATHAWAY, Vice-Ch rman
Board of Supervisors
County of Shasta , State of
California
ATTEST:
eLe
ANN REED , County Cler and ex
officio Clerk of the Board of
Supervisors , County of Shasta ,
State of California
2 .