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Home My WebLink About1989-09-12 - RESOLUTIONS - ANNEX 88 01 TAX REVENUE (2)RESOLUTION NO. 89-1.18 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND THE CITY COUNCIL OF THE CITY OF SANTA CLARITA APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM "ANNEXATION NO. 1988-01" TO THE CITY OF SANTA CLARITA (ANNEXATION TO CONSOLIDATED FIRE PROTECTION DISTRICT) WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change the governing bodies of all agencies whose service areas or service responsibilities would be altered by such change must determine the amount of property tax revenue to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution; but ^ if the affected agency is a special district, the Board of Supervisors must negotiate on behalf of the district; and WHEREAS, the Board of Supervisors of the County of Los Angeles and the City Council of the City of Santa Clarita have determined that the amount of property tax revenues to be exchanged between their respective agencies as a result of the annexation of unincorporated territory to the City of Santa Clarita entitled "Annexation No. 1988-01" is as set forth below. NOW, THEREFORE, BE IT RESOLVED as follows: 1. The negotiated exchange of property tax revenues between the County of Los Angeles and the City of Santa Clarita resulting from "Annexation No. 1988-01" is approved and accepted. 2. For fiscal years commencing on and after July 1, 1990, or after the effective date of this jurisdictional change, whichever is later, Two Hundred Eighteen Thousand Dollars ($218,000) in property tax revenue shall be transferred from the County of Los Angeles to the City of Santa Clarita. In addition, for each fiscal year commencing on and after July 1, 1990, Four Percent (4.07) of the annual tax increment attributable to the Santa Clarita "Annexation No. 1988-01" area shall be transferred from the County of Los Angeles to the City of Santa Clarita, and the County's share of incremental tax growth shall be reduced accordingly. 3. For fiscal years commencing on and after July 1, 1990, or after the effective date of this jurisdictional change, whichever is later, all property tax revenue received by Road District No. 5 attributable to the Santa Clarita "Annexation No. 1988-01" area shall be transferred to the County of Los Angeles. 4. For fiscal years commencing on and after July 1, 1990, or after the effective date of this jurisdictional change, whichever is later, Two Hundred Ninety -One Dollars ($291) in property tax revenue shall be transferred from the City of Santa Clarita to the Consolidated Fire Protection District of Los Angeles County. In addition, for each fiscal year commencing on and after July 1, 1990, Sixteen and Seven -Tenths Percent (16.77) of the annual tax increment attributable to the Santa Clarita "Annexation No. 1988-01" area shall be transferred from the County of Los Angeles to the Consolidated Fire Protection District, and the County's share of incremental tax growth shall be reduced accordingly. -2- 5. In addition to the foregoing transfers of property tax revenue, the County of Los Angeles and the City of Santa Clarita wish to provide for the transfer of incremental tax growth attributable to territory which was annexed to the Consolidated Fire Protection District when the City incorporated on December 15, 1987. Accordingly, for fiscal years ' commencing on and after July 1, 1990, Sixteen and Seven -Tenths Percent (16.7%) of the annual tax increment attributable to that portion of the City of Santa Clarita which was annexed to the District as a result of the city incorporation, shall be transferred from the County of Los Angeles to the Consolidated Fire Protection District, and the County's share of incremental tax growth shall be reduced accordingly. Said transfer shall be made irrespective of the completion of the jurisdictional changes related to Santa Clarita "Annexation No. 1988-01". 6. In the event that all or a portion of the annexation area is included within a redevelopment project pursuant to California Community Redevelopment Law, Health & Safety Code Sections 33000 et seq., the City of Santa Clarita shall not adopt the ordinance approving the redevelopment plan with respect to the annexed area until such time as a report of the Fiscal Review Committee has been prepared pursuant to Health & Safety Code Section 33353.5, the report has been reviewed, and the Redevelopment Agency of the City of Santa Clarita and the County have diligently and in good faith negotiated for the allocation of tax increment revenues for the project area. Agency and County shall begin negotiations on the allocation of tax increment revenues within fifteen (15) days after receipt by the County of the preliminary report from the Agency pursuant -3- to Health & Safety Code Section 33344.5 and shall meet not less than once each month thereafter until agreement is reached on an allocation formula or litigation is filed with respect to the redevelopment project. Any ordinance approving said redevelopment project which does not comply with _ this procedure in every respect shall be void and of no effect with regard to the subsequent distribution of taxes to the redevelopment agency. THE FOREGOING RESOLUTION WAS ADOPTED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND BY THE CITY COUNCIL OF THE CITY OF SANTA CLARITA. CITY OF SANTA CLARITA W, Mayor ATTE a ty Clerk 12thday of September 1989 -4- COUNTY OF LOS ANGELES Chairman, Board of Supervisors ATTEST: LARRY J. 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