HomeMy WebLinkAboutReso 82-34 - Agreeing to exchange of property tax revenues for uninhabited annexations . . r r�_�- • - _ � � V . . .
RESOLUTION NO. ,Q�? "�'�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX RE�NUES FOR
UNINHABITED ANNEXATIONS NO. 81-5, 81-7, 81-8 , 81-9, 81-10,
81-11 , AND 81-12 , TO THE CITY OF REDDING, AND RESCINDING
PREVZOUS RESOLUTIONS NO. 81"-55, 81-57 , 81-89, 81-199,
51-230, 81-261, 81-242 , and 82-22. .
WEEREAS, subparagraph (b) of Section .99 of the Revenue
and Taxation Code requires the Board of Supervisors and the City'
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� Council to agree to the exchange of:property tax reuenues with re-
spect 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 kno�an as Annexations
No. 81-5, ,81-7, 81-8, 81-9, 81-10, 81-11, and 81-12 , and .
WIiEREAS, said annexations are of territories properly
characterized as uninha�ited lands, �
NOW, TEEREFORE, BE IT RESOLVED that the Board of Super- '
visors and the City Council agree that for Annexations No. 81-5,
81-7, 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 di`stributed 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, .
• 1979.
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(3) As to Annexations No. 81-5, 81-7, 81-8, 81-10, �
and 81-12, any portion of the annual tax increment that °�'
� would have othenvise gone to Shasta County Fire Protection N
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District No. 1 will henceforth be distributed to the
� City of Redding because the City is assuming the ser-
vices formerly rendered by that entity.
(4) As .to Annexations No. 81-9 and No.' 81-11, any
portion of the annual tax iricrement that would have other- '
wise qone to the Buckeye Fire District will henceforth be
• distributed to the City of. Redding because the City is
. , ' .. assuming the services formerly rendered by that entity.
' BE IT FURTHER RESOLVED that these annexations, 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 Resolutions No. 81-55, 81-57 ,
81-89, 81-199 , 81-230 , 81-261 , 81-242 , and �32-22 , previously adopte@,
oertaining to these exchanges of prooerty. tax ,revenues , are hereby
rescinded. •
BE IT FURTKER RESOLVED that the County Auditor shall be
notified of this Re§olution pursuant to suboaragraph (b) of Section
99 of the above referenced Code.
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` I HEREBY CERTIFY that the foreaoing Resolution was intro=
duced and read at a regular meetirig of the City Council of the City
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� , of Redding on the 15th day of March . , 19A2 , and was duly adopted at
said meeting by ,the following vote : � ^
AYES : COUNCILN�N: D2m5hEP, Fulton, Gard, Kirkpatr.ick, and Pugh
NOES: COiINCILM.EN: N0�2 �/"
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PBSENT: "� COUNCILMEN: N002 � ��
' ATTEST: � , � � ���//j��_
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y� �G �',�;�� � May� the City of Reddinq
ETHEL A. 'RICH ER���ty Clerk � �
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. FORN? APPROVEDc;' `' .
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?tA DALL A. HAYS, C ty orney
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