HomeMy WebLinkAboutReso. 1981 - 045 - Agreeing to exchange of property tax revenues for unihabited annexation no. 81-2 • - • . .
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RESOLUTION NO. /- — , ,
•A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDD.ING;'?
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR•
• UNINHABITED ANNEXATION -
NO. 812 TO.:THE CITY OF REDDING., .
(MARY LAKE) : •
. 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 , . 4 , 1979, and
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- WHEREAS, the: City of Redding proposes to annex to the •
City of: Redding certain territory commonly known as Annexation • :
No. 81-2 (Mary Lake) , and
WHEREAS, said annexation,:is of territory properly
characterized as; uninhabited lands,
NOW, THE°REFORE, BE IT RESOLVED tha.t;rthe • Board of r:
Supe =
visors and -the- City Council agree`'sthat• for Annexation No 81-2
to the City of,, Redding,•-. uninhabited land, - the:. property tax, both
secured and unsecured, -shall be,distributed as follows
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(1) =Base year 'tax r-_the. base year tax as defined{ in4
Revenue: and Taxation Code Section 98 (f)- 'shall continueto= -..Y:::-. :. -
be distributed in the same -manner: as in-,the.,fiscal year
previous- to anneation.
(2) Annual tax increment - that portion of -the -tax.
as defined in Revenue and Taxation Code.':Section +97 (b) • :,:
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.prior to January 1-, •
1979.
BE 'IT• :FURTHER RESOLVED that this annexation, to -be - '
recorded by the end of the calendar :year (December. 3.1.)•, shalh':be
entitled to distribution of property taxes from and after the:. :
• first day of the, next succeeding fiscal year ,(July..1)
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BE IT_ FURTHER RESOLVED that the 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
introduced and read at a regularmeeting of the City Council
of the City of Redding on the . 16th day of March , 1981 , and .
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• was duly adopted at said meeting bythe following vote:
AYES : COUNCILMEN: Demsher, Fulton, Kirkpatrick, and Pugh
NOES COUNCILMEN: None
ABSENT: COUNCILMEN: None ,.
ABSTAINED: COUNCILMEN: Gard
AEST: -,
;Mayo f the City of Redding
' I DRED L. BRAYTat , City Clerk
FORM APPROVED:
RA D LL A. HAYS, Ci Attorney • •
Rescinded by Resolution No. R-81-68 •
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