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HomeMy WebLinkAbout1988-04-14 - RESOLUTIONS - SANDIST ANNEX 178 (2)RESOLUTION NO. 88-37 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NUMBER 26 AS ANNEXATION NUMBER 178 WHEREAS, pursuant to Section 99 and 99.1 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional Change which will result in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution, and WHEREAS, the governing bodies of the agencies signatory hereto have made determinations of the amount of property tax revenues from the annual tax increments to be exchanged as a result of the annexation to County Sanitation District No. 26 entitled Annexation No. 178 NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues resulting from the annexation of territory to County Sanitation District No. 26 in the annexation entitled "Annexation No. 178 11is approve and accepted. or after the effective adateaofcthis njurisdictionaltchange, which89 ever is later, the County Auditor shall transfer to County Sanitation District No. 26 a total of 2.3039 7 of the Annual Tax Increment attributable to t e land area encompassed within Annexation No. 178 Said percentage has been determined on the basis following contributions. of the Agency Li es Consolidated Fire Protection District Flood .Control. District _ city Cast of Santa Clarita a. &e water Agency Percent 1.3094 0.1324 0.4654 0.0262 0.2103 0.1415 Total 2.2852 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 26 as a -result of this annexation. 4. No transfer of property tax revenues from properties within a community redevelopment project_shall`be made_during_the period that the entire tax increment is legally committed for repayment of the redevelopment project costs. The 1988-1989 assessed valuation shall be used as the tax base for future tax increment determinations xelat ve-td this resolution. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 26 and the governing bodies of the taxing agencies signatory hereto. COUNTY SANITATION DISTRICT NO. 26 COUNTY -OF LOS ANGELES OF LOS ANGELES COUNTY airperson, Duara or Directors ATTEST: Secretary itY o anta Clarita airman, Duard or Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board Of Supervisors Deputy Castaic Lake Water Agency PASSED, APPROVED AND ADOPTED THIS 14th DAY OF April 1988, ,-Sjr✓ Mayor ATTEST: � � ,2 a i 7