HomeMy WebLinkAboutReso. 1980 - 265 - Agreeing to exchange of property tax revenues for Annexation no. 80-16 . S
4.
•
RESOLUTION NO. 50-1/6 .0
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX 'REVENUES FOR '
UNINHABITED ANNEXATION NO. 80-16 TO THE ' CITY .OF REDDING.
(DANIELS and TILDEN PARCELS ON HENDERSON' ROAD) . •
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 t.0 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. 80-16 (Daniels and Tilden parcels on Henderson .Road) , and •
. WHEREAS, said annexation is of territory properly
•
characterized as uninhabited lands,
•
NOW, THEREFORE, BE IT .RESOLVED that th-e Board of Super-
visors and the City Council agree that for Annexation No. 80-16
to the• City of Redding, uninhabited land, the property tax.,'-, both
•
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.
(2r 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 31) , shall be
entitled to distribution of property taxes from 'and after the
•
•
first day of the next succeeding• fiscal year (July 1') :
•
0..
•
-1- si
• A -
• • ,
• 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 the City Council . -
of the City of . Redding on the 3rd day of. *November , 1980 , and r .
was duly adopted at said meeting by the following voter -
AYES%:.`- COUNCILMEN: Demsher, Fulton, Gard., T<irkpatrick,' and Pugh , '
. NOES : COUNCILMEN: None. • -. f
ABSENT: COUNCILMEN: None _ -
-
A EST: i ,-
•. •meg - ;/ 13.4:1107/".-
• I. , Or . ��`_.- .. .; Mayor .f the City of Redding
n DRED L. B' A i ,/ty •• lerk -
FORM A ROVED: - ,
d-7.e.,---, ' _ per •
RADDALL A. HAYS, •`Cit A, torne_y
•
•
-2- -