HomeMy WebLinkAboutReso 82-106 - Agreeing to Exchange of Property Tax Revenues for Uninhabited Annexations No. 82-5, No. 82-8, and No. 82-12, to the City of Redding, and Rescinding Previous Resolutions No. 82-40, No. 82-49, and No. 82-76 . .
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RESOLUTION NO. f.Z-jo L
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX, REVENUES FOR
UNINHABITED ANNEXATIONS NO. 82-5, NO. 82-8 , AND NO.
82-12 , TO THE CITY OF REDDING, AND RESCINDING PREVIOUS
RESOLUTIONS NO. 82-40 , NO. 82-49 , AND NO. 82-76 .
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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 taxrevenues with
respect to property annexed to the City after July 24 , 1979 , and
WHEREAS , the City of Redding proposes to annex to the
City certain territory commonly known as Annexations No . 82-5,
No. 82-8 , and No. 82-12 , 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. 82-5 ,
No. 82-3 , and No. 82-12 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.
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(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 .
(3) Upon annexation , taxes previously distributed
to any special district which , after annexation, will no
longer render services to the territory annexed , will be
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first distributed to the City to insure the City will
receive the same percentage of the total tax earned by
other property in the City immediately prior to annexation.
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. 82-40 , No.
82-49, and No. 82-76 , previously adopted, pertaining to these
exchanges of property tax revenues, are hereby rescinded.
BE IT FURTHER RESOLVED that the County Auditor shall he
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-
duced and read at a regular meeting of the City Council of the City
of Redding on the 19th day of July , 1982-, and was duly adopted
at said meeting by the following vote :
AYES : COUNCILMEN: Fulton, Kirkpatrick, Pugh, and Gard
NOES : COUNCILMEN : None 2 /� /��^
ABSENT: COUNCILMEN: Demsher \ 1"'`� JI �1/
ATTEST: � fl l�l iick ,
ayorRo D
ALLEN
ity the Mayorof the City of Redding
ETHEL A. NICHOLS, City Clerk
FORM A ROVED:
RAN ALL A. HAYS, City Forney
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