HomeMy WebLinkAboutReso. 1984 - 168 - Agreeing to exchange of property tax revenues for inhabited annexation no. 83-7 411
RESOLUTION NO. S'T-1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR INHABITED
ANNEXATION NO. 83-7 (OASIS ROAD AREA) .
WHEREAS, Subparagraph (b) of Section 99 of the Revenue and
Taxation Code requires 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. 83-7 (Oasis
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.
83-7 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
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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 20th day of August , 1984 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Gard, Pugh, & Kirkpatrick
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
ABSTAIN: COUNCILMEN: None
/1-2)..000244..
6fit-,1
HOWARD D. KIRKPA RICK, Mayor
City of Redding
ATTEST: /� f
ETHEL A. NICHOLS, City Clerk
FORM ,APPROVED:����
RAN ALL A. HAYS, Cit Attorney
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