HomeMy WebLinkAboutReso. 1981 - 283 - Agreeing to exchange of property tax revenues for uninhabited Annex no. 81-12• GG'•
RESOLUTION NO'.� 03"
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR
UNINHABITED, ANNEXATION NO. 81-12 TO THE CITY OF REDDING.
(SHASTA VIEW DRIVE).
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,,,1.979,.and
WHEREAS, the City of Redding proposes to annex to 'the
City of Redding certain territory commonly known as Annexation
-,No. 81-12 (Shasta View Drive), 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. 81-12
to the City of Redding, uninhabited land, the property tax, both •
secured and unsecured, shall be distributed as follows:
(1J Base year tax - the base year.'tax,as defined in
Revenue.and Taxation Code Section.'9'8(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 distribiit'ed to•the Cityof
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.
BE IT FURTHER RESOLVED'that this annexation, 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)'.".
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BE.IT FURTHER RESOLVED 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
introduced and read at a regular meeting of the City Council
of the City of Redding, on the 21st day'of December ',,1981,; and
was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Gard;,,arid ,Pugh •. .
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Kirkpatrick
ATTEST: ���
ARCS R%F. PUGH
j lee -1 M'.yor of the City of Redding
ETHEL A. RICHTER, City Clerk
FORM A ROVED:
v
RAN ALL A. HAYS, C) y Attorney
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