HomeMy WebLinkAboutReso. 1980 - 226 - Agreeing to exchange of property tax revenues for Annexations no. 80-8 and 80-9 •
{- RESOLUTION NO. &.) - 7,-',), '
•' A RESOLUTION OF THE CITY COUNCIL OF THE' CITY OF REDDI•NG •
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
• UNINHABITEANNEXATIONS NO. 80-8 AND NO. 80-9 TO THE. . .
' .. D CITY OF REDDING. .
;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 Annexations
• •N.o`:' 80f-8, (Hartnell Avenue/Argyle Road area) , and No. 80-9 (KOA
Campground)-, and ,
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. . WHEREAS, said annexations are of territory properly
characterized as uni'nhabited , lands;.
NOW, THEREFORE; BE IT RESOLVED that the Board of Super-
visors and the City Council agree that for Annexations No. 80-8
and. .No`. 80-9 to the City of Redding, uninhabited land, the •
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property tax, both secured. and unsecured,- •shall be ' dist.ributed
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as follows:
- • . _ (1)'- ,_,Base year tax, the .base yearf:tax as defined in., '
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Revenue and .Taxation Code Section 98 (f) shall continue to
be distributed 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 Section: 97 (b)
resulting from increases ,.a
in. ssessed valuation".over the
• base year valuations ,sh:all 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 pripr' to January 1, • •
• 1979.
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BIT FURTHER `RESOLVED that Vthese`.annexat'ions;`"to .be
recorded by .`the end .o:f- th'e; calendar\ year (December 31) , ' shall be t'' :
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. entitled todistribution of property-taxes' fi-oirt and after the C
first day of, the nextsucceeding 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 regular meeting of the City Council
of the City of Redding on the 15th day of September , 1980 , and
was duly adopted at said meeting by the following vote:
AYES:• COUNCILMEN: Demsher, Fulton, Gard, Kirkpatrick, and. Pugh
NOES : COUNCILMEN.: None
ABSENT: COUNCILMEN: None
A ST: •
ARC • °-4•(:: 41
y. .f the City of Redding
ILDRED . BRAY ON?
N City Clerk
• FORM APPROVED: •
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RANDIALL A. ,HAYS.,. City A'ttorriey •
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