HomeMy WebLinkAboutReso. 1981 - 242 - Agreeing to exchange of property tax revenues for inhabited Annex no. 80-12RESOLUTION P10-
A . RESOLUTION OF THE CITY COUNCIL: OF ..THE` CITY; OF, REDDING
`. AGREEING TO • EXCHANGE; OF PROPERTY.- TAX '.REVENUES FOR'
INHABITED .ANIQEXATION- NO. 8'0•-12 -TO THE` -CITY. OF.-:REDDING..
.(WESTERN RANCHES"-AREA)'.
:WHEREAS•, ;subparagraph' -(b) of. Section 99 of the .'Revenue '
and Taxation Code requires .the .Board of ,SupQry sQrs and the'. City
Council to agree to the .exchange -of `property tax•.revenues with
respectto . property•, annexed to the City after.--July 24 - . 1979., and ._
WHEREAS, ' the City of ,.:Redding : proposes • to annex' to the
Cit certain- territor commonly known as Annexation, N:'o. 80 12 .:
(the Wesaern�"Rand hes area) , and'
WHEREAS, said annexation •is'-of territory properly,
characterized".as:inhabted lands,
"• NOW' THEREFORE, BE `IT , RESOLVED . that the. Board 6f S:uper-;
visors .,and the City. Council -agree that for. Annexation .No: 8:0-12
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
'property in the.'City prior to January.l, 1979. ;
' BE IT,.•FURTHER RESOLVED that this annexation,. ,to be:
recorded by theend . 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- l,)
BE'. IT.. FURTHER RESOLVED-that the- County 'Auditor shall
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be -notified of this Resolution pursuant to subparagraph, (b) ''Of
Section 99. of 'the''above _referenced Code. -.
Rescinded by R-22-22;
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