HomeMy WebLinkAboutReso. 1980 - 236 - Agreeing to exchange of property tax revenues for Annexation no. 80-10 • .RESOLUTION NO. cis
A RESOLUTION, OF THE ..CITY COUNCIL OF THE CITY OF -REDDING - •
AGREEING TO EXCHANGE OF PROPERTY TAX -REVENUES FOR
INHABITED.'ANNEXATION NO. 80-10 TO THE ,CITOF REDDING.
. (MT. VISTA SUBDIVISION)
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WHEREAS, subparagraph (b) of Section 99 - of the Revenue
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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. oaf . Redding; proposes to annex.- to the
City- certain' territory commonly known as Annexation No. 80-10
(Mt. Vista Subdivision) , and •
WHEREAS; , said -annexation is .of 'territory properly
characterized as inhabited lands ,
NOW, THEREFORE, • BE,.IT RESOLVED that the Board of Super-
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visors and the City 'Council agree that fo-r Annexation No. 80-10'
to the City of Redding, inhabited land, the property tax, both
secured and unsecured, shall be distributed to the City of Red-
ding in an amount sufficient to insure that the annexed property
• - earns the same percentage of total tax as was 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 ,
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
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 Council
of the City of Redding on 'the', 6th day of October , 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 •
ATTEST:
��li "Lt f �. �Jtiss��.Ge NaCoERof theCityof Redding
MILDRED L. BRAYTON, City Clerk
FORM ' ' 'ROVED: '
Lam,
RA ''DALL A. HAYS, City torney .
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