HomeMy WebLinkAboutReso 82-22 - Agreeing to exchange of prperty tax revenues for uninhabited Annexations� � �='-�s��� .. ' , . � � ( - � . . �
� RESOLUTION N0. g.2•.�.Z
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
UNINHABITED ANNEXATIONS NO. 81-5, 81-7 , 81-8, B1-9,
81-10, 81-11, AND 81-12, TO THE CITY OF REDDING, AND
RESCINDING PREVIOUS RESOLUTIONS NO. 81-55, 61-57, 81-89,
81-199, 81-230 , 81-261, AND 81-242.
WHEREAS, suboaragraph (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 arinexed 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 Annexations
No. 81-5, 81-7, 81-8; 81-9 , 81-10 , 81-11, and 81-12 , and
WHEREAS, said annexations are of territories properly
characterized as uninhabited lands,
NOW, THEREFORE, BE IT RESOLVED ,that the Board of Super-
visors and the City Council agree that for Annexations No. 81-5,
51-7, 81-8, 81-9, 81-10, 81-11 and 81-12 to the City of Redding,
. uninhabited lands, 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.
(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 same percentage of total tax as was
earned by other property in the City prior to January 1, 1973 .
(3) As to Annexations No. 81-5, 81-7, 81-6, 81-10, �
81-11, and 81-12, any portion of the annual tax increment
• that would have otherwise gone to Shasta County Fire Pro- �
tection' District No. l ,will henceforth be distributed to � �
the City of Redding because the City i§ assuming the ser- '
vices formerly rendered by that entity. . � 0°
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(4) As to Annexation No. 81-9, any portion of the
annual tax increment that would have other�vise gone to the
Buckeye Fire District will henceforth be distributed to
' the City of Redding because the City is assuming the ser-
vices formerly rendered by that entity.
BE IT FURTHER RESOLVED that these annexations, 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 Resolutions No. 81-55,
81-57, 81-89, 81-199, 81-230, 61-261, and 81-242, previously
adopted, pertaining to these exchanges of nrooerty tax revenues,
are hereby rescinded.
BE IT FURTEIER RESOLVED that the County Auditor shall
be notified of this Resolution ,pursuant to' subparagraph (b) of
Section 99 of the above referenced Code. r
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, lst day of March , 1982, and
was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: D2mShE1", FuTton, Gard, Kirkpatrick, and Pugh
�`���;-NOES':� �, COUNCILMEN: NOne ' ��-
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,`'ABSENT': , COUNCILMEN: NOI1E /
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� ' �¢ ��ATTEST.:� • �
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1 � ��l�,�;,U� Aayo of� City of Redding
+ ETHELcA. RICFiTER, City Clerk
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� - FORM ROVED:
RA ALL A. HA , C ty Attorney
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