HomeMy WebLinkAbout2018-07-10 - AGENDA REPORTS - LACO TAX REVENUE PLUM CYN ANNEX (2)Agenda Item: 10
CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR
CITY MANAGER APPROVAL: U41 ,
DATE: July 10, 2018
SUBJECT: JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA AND THE BOARD OF SUPERVISORS OF THE
COUNTY OF LOS ANGELES APPROVING THE NEGOTIATED
EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM
THE PROPOSED PLUM CANYON ANNEXATION
DEPARTMENT: Neighborhood Services
PRESENTER: Darren Hernandez
RECOMMENDED ACTION
City Council adopt a joint resolution with the Los Angeles County Board of Supervisors (Board)
approving the negotiated exchange of property tax revenue resulting from the proposed Plum
Canyon Annexation.
BACKGROUND
On April 24, 2018, the City Council adopted a resolution initiating annexation proceedings for
the Plum Canyon Annexation Area with the Local Agency Formation Commission (LAFCO).
On May 8, 2018, the application was submitted to LAFCO.
Following the submission of the application to LAFCO, a joint resolution was drafted by the
County of Los Angeles (County) to provide for a transfer of property tax revenue from the
County to the City of Santa Clarita (City) in the amount of $522,718 identified for the General
Fund, and $277,025 identified for the Public Library Fund. For each fiscal year thereafter, the
proposed joint resolution provides for the transfer of specified ratios of annual property tax
increments attributable to each of the respective Tax Rate Areas.
Upon approval of this matter by the City Council, the Board will schedule a hearing to consider
the joint resolution. Subsequent steps call for up to two LAFCO hearings prior to completion of
this annexation. The first is a general public hearing anticipated for early fall of 2018, followed
by a "protest hearing," should it be necessary. This annexation is anticipated to be completed by
the end of November 2018.
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ALTERNATIVE ACTION
1. Direct staff to terminate annexation proceedings.
2. Direct other actions as determined by the City Council.
FISCAL IMPACT
The service expenditures related to this annexation are offset by the revenue to be collected from
within the annexation area. This annexation is fiscally neutral and will not have a negative
impact on the City.
ATTACHMENTS
Santa Clarita Annexation 2018-04 (Plum Canyon Annexation) Tax Transfer Resolution -
Notation
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Joint Los Angeles County Resolution Forthcoming F-
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