HomeMy WebLinkAboutReso 82-227 - Agreeing to exchange of property tax revenues for inhabited Annex no. 82-6RESOLUTION NO. $„2-1-27
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AGREEING TO EXCHANGE OF PROPERTY TAX REVENUES FOR INHABITED
ANNEXATION NO. 82-6 (WILSHIRE DRIVE AREA).
WHEREAS, Subparagraph (b) of X99 of the Revenue and Taxation
Code requires the Board of Supervisors and the City Council of
the City of Redding to agree to the exchange o -f 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
certain territory commonly known as Annexation No. 82-6 (Wilshire
Drive area); and
WHEREAS, said annexation is of territory properly
characterized as inhabited lands:
NOW, THEREFORE, BE IT RESOLVED as follows:
1. That the City Council agrees that for Annexation No.
82-6 to the City of Redding, inhabited land, the property tax,
both secured and unsecured, 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, provided
that upon annexation, taxes previously distributed to any special
district which, after annexation, will no longer render services
to the territory annexed, will be 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.
2. 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).
3. That the Shasta County Auditor shall be notified of
this Resolution pursuant to Subparagraph (b) of §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 20th day of December , 1982,
and was duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Pugh, and Gard
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Kirkpatrick
ATTEST:
ETHEL A. NICHOLS, City Clerk
FORM A PROVED:
RA DALL A. HAYS, Citj Attorney
ro
'BARB -A ALLE ` AR ,"Mayor
City of Redding
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