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HomeMy WebLinkAboutReso. 1981 - 230 - Agreeing to exchange of property tax revenues for uninhabited annex no. 81-10 . . ' :;; , - . , , � . _ � 1 . ` . , � . ' , . , . , ' . � - . �.`RESOLUTIOl`d NO.. �( ���D ' . _ ' . � • . A RESOLUTION:- OI' . THE CITY �COUN,CIL OF THE CITY OF REDDING • • . . .- AGREEING TO EXCHANGE OF PROPERTY TAX REUENUES FOR. , . � • � � �UNINHABITED ANNEXATION NO. 81-10 TO THE CITY OF- REDDTrdG. , ' . � ' (BREWER PROPERTY ON "OLD ALTURAS ROAD) . - . . � ' � ' ' � �� , WH�REAS;' subparagrapYi (b�) � of_ Section. �99 ' of -th�e: Revenue � . � and Taxation ;Code-;=requir�s ;,the � Board of .Supervisors and _�the City . . , . �;�� :. ,• :-: . � _;,. : .. , .• � . . . - ' Council to �agree to� the excharige `of p'roperty tax revenues with� � , r , }, , . . . resp'ect to� proper,ty: a'ri'nexed to' :the" City after Jul:y�•24 , 1-97�9 ; .and'° � . � � , � � WIiEREAS, the C 'ity of Reddirig propos,es tol a�rinex . to, the ;"'> City of' �Redding certain�� terri.tory commo,nly �kriown as .Annexation . � � , � � r1o. �',81-10 ;'(i3r.ewer:- property on Old Al�turas: Road)`;. and ��� . � � �. � ' . � . , . , _ . . , . � . . _ , , : � � WHEREAS, said. arinexation is of` territor.y =properly . ; � characterized- as ;uninhabi�ted la"rids, � �. - - : �• • IJOW, THEREFORE,' .BE• IT RESOLVED.�that the Boar.d of` Super- - . - �visors and the. City. Gouncil agree- that for Annexation tdo. 81.=10 ,' . �. to� the',.City �of �Redding, uninhabited land,� •tYie :property•_.tax,` both ', ��' -' � ` ` ,. , , � . , , . ... ... ' secured and=;unsecured, shall be distributed as _ follows-: ' .� " , . .; � � �_ (l),. ;.Base year tax - the ��base year: tax as •..defined` :i'n� �� � � � Revenue and., Taxation Code � Section 98 (f)�-. sh:al�l continue to _`'. _ . . . . ' `. be distributed in the. same,manner as in� �the �fiscal year �: , � �' pr.evious to, annexation. � .' : - . � ' . ' , ' (2) .� 'Annual tax i�ncrement - that portion 'of the tax ' � � � • . � as�.,defiried in�.Revenue and Taxation Code �Section 97 (�b) -� � . � � res:ultin� fro.m increa�ses in . assessed valuation over the , �, � ' �. base �year valuations `shall� be distr.ibuted to the City: of • � _ �. . � Reddiri.g ,iri� an .amount. sufficient to _insure that . the aririexed � � ,_ ' pro.perty earns the same percen'tage . of tota-1 •tax-,�as was .. � � � � _ ;earned' by otYier� pro��erty iri the City. prior, to January. l, ' '� ` . . '1979: . � , , . . , � , � . , . � • BE.�I�T .FURTHER�RES.OLUED -�tha�t this' �annexation, 'to: be •: �� - \. . . . � , : ... . .� 'recorded by the end .of• the c�lendar, year_ (De:cember, 31) , s_hall 'be� , � . . , . , .. ,. - , � , � i. : :entitl.ed to dis.tribu�.ion :of property taxes ,:from .and after the � � .. � , ' - _ .� . . ' � ` '' � • � � first• day ��of: the next succeeding f-isc.al year. .(July 1) . � . � � � � . . � ' a ., . . ' ' � , • • ' � ' _—' '.' � . _ . . ""_ � 4' 4_ �.. ;./ ' .. ... ' . - . ' ry - ' , Rescinded by R-�32-2�' ' �'� ' �� � � � � , . •.. , . : . - . �. . , , 4. . ,. • -1- ' ' - - - � - --_. _--- . �. .'�.. . . . , . , . . , .. ' � . . � , - :� . � � _ . � , „ : : . ' .� `. ' �. ' �� . � .; � •:� � ' , , ,. � , � BE -I.T FURTHER RESOLVED that the .County Auditor shall • - 1 � . . .: .b�e notified �of this, .Resolution pursuant to s.ubparagraph (b), of ` , � ' ` Section' 99 of the �above , referenced Code. � � � ' , � � � I .HEREBY.�CERTIFY that the foregoing' Resol.utio.n -was • _ - . . r introduced and read`at;a,' regular -:meeting` �of the_ City.� .Council . . . .` . , � � of t_he .C 'ity of Redding �on 1�the 5th day 'of October : ,:;�198T, and', . , . . , � . was duly adopted at.�s,aid inee:ting .by .,the, _follow>ing vote: � . , ` AY�ES: � � COUNCILMEN:'� Demsher, Fulton, Gard�, sKirkpatr.ick, �and Pugh,� � ; � . ` , ._----,. . NOES: COUNCILP�EN? . �None . - � � . . •, ;,/�/ � ABSENT: COUNCILMEN + . ;None .; . :�. • . ij - . .' , . ATTEST: � � ”. _ `A•RLHE . G�i . : � � ��'`-.l����.i��ti;�=�—�"' . . : : �Ma .. of �the City _of Redding . � ' :'ETHEL' A.'. RICHTER, City 'Clerk � . .; - • i . - , _ 'FORM� A ROVED,: ' '� . . . � � �GG�I� �/'. � . . • ' . RA DALL A. HAYS, C tyG ttorney '� • : , • . . . . � . ' '. � ' �S - • . . � . � , . . .. � . . .. . �. . . �. � i . . . � i.. . � , . . .- � . � � � „ � . . ' '' � . � _ . _ _ , . . ' . . � � . • � . ; . . . ..' . . . �. . . � . � . . ' , . .. . . . �t - . ' _ . . � f: . . • . . . . . . . , . _' - .-.. ' . • � ' � . , . . .. . .. . i ' .. . . � � ' � , , . . , , . . , . . . '�., � . . . . � � . . ' . , '. , ' �. , , ' ,. . . . . � .. . . � : � ' � �. . � • ' ..�1 � ' ,�, . � . , . ' . '- . . ' . .. • " . � . . . .. . � .. • ' .. 7 . �. ' . ' � .-. � � . , � . . , .. � . . " � � . ' . . � . . . ' . . . •. . . . - ..� - � _ . � � . .. ' - - . � . i .. . . � . , ' -2_ . , , . ; . . - : , - ... . . ,�. . � . '. ' �- . . . �