HomeMy WebLinkAboutReso. 1980 - 118 - Agreeing to exchange of property tax revenues for Annexation no. 80-3 •
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• RESOLUTION NO. :5U--j/g' '
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING •
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
INHABITED ANNEXATION NO. 80-3 TO THE CITY OF REDDING. •
(-WILSHIRE DRIVE 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 Annexa'tion.
No. 80-3 (the Wilshire Drive area) , and •
WHEREAS, said annexation is of .territory properly. • . . .
characterized .as inhabited lands ,
• NOW, THEREFORE, BE IT RESOLVED 'that 'the Board...of-•Super-:
• visors and the City Council agree that for .Annexation.; No: 80-3 •
to the City of Redding, inhabited land, the property tax,,_both
.secured and: unsecured, shall be distributed to -the Cityof_ Red_;
• ding in 'an amount sufficient to insure •that the annexed property
• earns the same percentage of _ total ;tax ,as Awas:•;earned`•by other;
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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 31) , shall
be entitled to distribution of property taxes from and after
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• 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. '
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I HEREBY CERTIFY that the foregoing; Resolution ,was. ��`"
introduced and read at a regular ,meeting of the :City,Coun,cil '
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of the City of Redding on the 2nd day 'o•f June ;'; .1980 , and
was duly adopted••at said meeting by the following,vote:
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AYES : COUNCILMEN: Demsher-, . Fulton, .Kirkpatrick,, and Pugh
NOES : COUNCILMEN: None ; '
ABSENT: COUNCILMEN: Gard
AT EST:
MIL RED L. BRAY • y Clerk • r,n
• FORM 4 'PROVED: •
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RA +DALL,A. HAYS , C t. A torney :;
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