HomeMy WebLinkAbout1990-02-13 - RESOLUTIONS - TAX REVENUE ANNEX 1988 01 (2)RESOLUTION NO. 90-20
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 FRON
"ANNEXATION NO. 1988-01" TO THE CITY OF ,SANTA CLARITA
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, on September 26, 1989 and
September 13, 1989, respectively, adopted Resolution No. 89-118, approving
the negotiated exchange of property tax revenues resulting from
"Annexation 1988-01"; and
WHEREAS, on January 10, 1990, the Local Agency Formation Commission
approved the annexation with modification of the proposed boundary to
exclude certain territory, and, as a result, eliminated the Consolidated
Fire Protection District as an affected agency,
NOW, THEREFORE, BE IT RESOLVED as follows:
1. The above -referenced Resolution No. 89-118 is hereby rescinded.
2. 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," as modified, is approved and accepted.
3. For fiscal years commencing on and after July 1, 1991, 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, 1991, Four Percent (4.0%) 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.
4. For fiscal years commencing on and after July 1, 1991, 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.
5. 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
-2-
s
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
CITY OF SANTA CLARITA
Mayor
Z.4 904
ATTEST
City Cler
13thday
February 1990
-3-
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
ATTEST:
LARRY U."MONTEILH, Executive Officer -
Clerk of the Board of Supervisors
Deputy
day of 1990
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