HomeMy WebLinkAbout1988-04-14 - RESOLUTIONS - SANDIST ANNEX 225 (2)RESOLUTION NO. 88-47
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 225
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
AS, the
have madeEdeterminationslof theles Of amountthe of property signatory hereto
from the annual tax increments to be exchanged asyatresult Oftheannexation to County Sanitation District No. 26 entitled
"Annexation No. 225
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. 225
aPprovea and accepted. is
2. For
or after the each fiiscal year commencing on and after July 1, 1989
ever is later, the County Auditor shallitransfer ato county Sanitation
District No. 26 a total of 1.8385 % of the Annual Tax Increment
attributable to t e land area encom assed within -Annexation No. 225
Said percentage has been determined on the basis of the
following contributions.
�-,enc
Percent
General CouAgy nt Pur oses Fund
1.3094
Public Library
0.1324
Flood Control Distric0262t
City of Santa Clarita 0.----
Castaic Lake Water Agency 0.2103
0.1415
1.8198
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.
Shall be used as the tax , base for future ta8xsincrementedete valuation
relative to this resolution, determinations
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
OF LOS ANGELES COUNTY NO. 26 COUNTY OF LOS ANGELES
airperson, Boar o Directors
ATTEST:
Secretary
sty of ansa C arita
ATTEST:
airman, Boar o Supervisors
LARRY J. MONTEILH, Executive
Officer - Clerk of the Board
If Supervisors
Deputy
Castaic Lake Water Agency
PASSED, APPROVED AND ADOPTED THIS 14th DAY OF
1988.
Mayor -r
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