HomeMy WebLinkAboutReso. 1980 - 171 - Agreeing to exhange of property tax revenues for Annex no. 80-6 •
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RESOLUTION NO. n) -17/ •
',{ _...,.A. RESOLUTION',OF :THE., CITY COUNCIL OF THE CITY OF REDDING•
• . '-AGREEING TO EXCHANGEOF PROPERTY TAX REVENUES FOR
— UNINHABITED ANNEXATION NO. 80-6 , TO THE- CITY OF REDDING. ` '
(ST. JAMES LUTHERAN -CHURCH- PROPERTY) .
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. 80-6 • (St. James Lutheran Church• property) , and •
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WHEREAS, , said annexation is of territory properly
: characterized as uninhabited lands, .
NOW, T.HERE_FORE, BE IT RESOLVED that the .Board of-Super •
visors and 'the' ,City Council agree that for Annexation No. 80-6
tq.., the City Of Redding, uninhabited land, the property tax, both. •
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`secured and unsecured, shall be distributed .as follows :
(1) Base year tax - the 'base year tax as defined in
.Revenue and• .Taxation Code Section 98 (f) shall continue to
, be distributed in the :same• manner as in the fiscal year
- previous to' annexation.
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- (2) : Annual- tax' increment - that portion of the tax.
- as defined' in Revenue and Taxation Code Section 97 (b)
• r,esulting. f•rom 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 ,
BE IT FURTHER RESOLVED- t'hat;thin annexation,, 'to be • •
recorded by the end of the calendar year (December 31) , shall be , '
entitled=to ..distriution• of property taxes from';and :afte.r;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 tovsubparagraph (b) of ,
Section 99 of the above referenced Code.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council
of the City of. Redding on the , 21st day of July , 1980 , and''
wasduly adopted at said meeting by_ .the;; following vote ' ;
AYES COUNCILMEN.:- ' Demsher, Ful ton,,. Gard, Kirkpatrick, 'and Pugh -
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN None , •
A TEST
7-( `_1/ Mayo / the' City of Redding
MILDRED L. BRAYTON,, City Clerk
FORM 4 " -ROVED: '✓. .
GS ,,,u Or'.�
RANJALL A. HAYS, C ty• ttorne' '
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