HomeMy WebLinkAbout1988-04-14 - RESOLUTIONS - SANDIST ANNEX 224 (2)RESOLUTION NO. 88-46
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 224
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. 224
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. 224 of is
approve and accepted.
2. For each fiscal year commencing on and after July 1, 1989
or after the effective date of this jurisdictional change, which-
ever is later, the County Auditor shall transfer to County Sanitation
District No. 26 a total of 2.3039 % of the Annual Tax Increment
attributable to t e land area encompassed within Annexation No. 224 .
Said percentage has been determined on the basis of the
following contributions. -
Agency- Percent
General County Purposes Fund 1.3094
Public Library 0.1324
Consolidated Fire Protection District 0.4654
Flood Control District 0.0262
City of Santa Ciarita 0.2103
Castaic Lake Water Agency 0.1415
I
2.2852
Ird
I
9
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
$ romr4- NO redevelopment p y tax revenues from properties within
that the entire tax incrementisall bemadeduring the
'Of the redevelopment legall committed for repaymentperiod
shall be used i the taxJbasecforsfuture The tax$ -1989 incrementedeterminations
relative to this resolution.
The foregoing resolution was adopted by the Board of Supervisors
Of the County of Los Angeles
rict No. the Board of Directors of County
Sanitation Dist
agencies signatory hereto. 26
and the governing bodies of the taxing
COUNTY SANITATION DISTRICT N0.
OF .LOS ANGELES COUNTY 26 CONI' OF LOS ANGELES
a�:rperson, Soar
oDirectors
ATTEST:
Secretary
lty o anta arita
Chairman, Board o 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
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