HomeMy WebLinkAboutReso. 1981 - 068 - Agreeing to exchange of property tax revenues for uninhabited Annex no. 81-2 to the City of Redding (Mary Lake) and rescinding reso 81-4511 i
RESOLUTION NO
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P. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
UNINHABITED ANNEXATION NO. 81-2 TO THE CITY OF REDDING.
(MARY LAKE), AND RESCINDING RESOLUTION NO. 81-45.
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 Annexation
No. 81-2 (Diary Lake) , and
WHEREAS, said annexation is of territory properly
characterized as uninhabited lands,
NOW, THEREFORE, BE IT RESOLVED that the Board of Super-
visors and the City Council agree that for Annexation No. 81-2
to the City of Redding, uninhabited land, the property tax, both
secured and unsecured, shall be districuted 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.
(2) 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 samepercentage of total tax as was
earned by other property in the City prior to January 1,
1979.
(3) Any portion of the annual tax increment that
would have otherwise gone to Centerville Community Ser-
vices District or Fire Protection Zone One will henceforth
be distributed to the City of Redding because the City is
assuming the services formerly rendered by these two
entities. Ci>
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BE IT FURTHER RESOLVED that this annexation, to be re-
corded 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 Resolution No. 81-45,
adopted on March 16, 1981, pertaining to this exchange of property
tax revenues, is hereby rescinded.
BE IT FURTHER RFSOLVED 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 intro-
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duced and read at a regular meeting of the City Council of the City
of Redding on the 20th day of April , 1981, and was duly adopted at
said meeting by the following vote:
AYES: COUNCILMEN: Fulton, and Pugh
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Demsher, Kirkpatrick
ABSTAINED: COUNCILMEN: Gard /
PUGH
Mayor of the City of Redding
AT5ST :
i� Il it,l� z
MILDRED L. RAYTON(,� ity'Clerk
FORM AP ROVED:
RAN LL A. HAYS, City Attorney
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