HomeMy WebLinkAboutReso. 1983 - 097 - Agreeing to exchange of property tax revenue for uninhabited annexation no. 82-2 • ,� 411
RESOLUTION NO. C57
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR UNINHA-
BITED ANNEXATION NO. 82-2 TO THE CITY OF REDDING (CLEAR
CREEK ROAD 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.
82-2 (Clear Creek Road 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. 82-2 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 in 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 C �
be distributed to the City of Redding because the City
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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 June , 1983, and
was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Kirkpatrick, Pugh, and Gard
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: None
r
: •RBARA ALLEN GARD, Mayor
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM A'PROVED:
-111/42' A 9DALL A. HAYS, City Attorney
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