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HomeMy WebLinkAbout1992-10-13 - RESOLUTIONS - PROPERTY TAX REVENUE EXCHANGE (2).. RESOLUTION NO. 92-192 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 REVENUES RESULTING FROM "ANNEXATION 1990-04" TO THE CITY OF SANTA CLARITA (ANNEXATION TO CONSOLIDATED FIRE PROTECTION DISTRICT), AS MODIFIED BY THE LOCAL AGENCY FORMATION COMMISSION 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 adopted, on July 14, 1992 and August 4, 1992, respectively, Resolution No. 92-140, agreeing to the amount of property tax revenue to be exchanged as a result of the proposal identified as "Annexation 1990-04"; and WHEREAS, on September 9, 1992, the Local Agency Formation Commission approved "Annexation 1990-04," with modification of the boundary to exclude certain territory, THEREFORE, BE IT RESOLVED as follows: 1. Resolution No. 92-140 is hereby rescinded. 2. For fiscal years commencing on July 1, 1993, or the July 1 after the effective date of this jurisdictional change, whichever is later, One Hundred Seventy -Three Dollars ($173) 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 July 1, 1993, or the July 1 after the effective date of this jurisdictional change, whichever is later, Five and Eight -Tenths Percent (5.8%) of the incremental tax growth attributable to the Santa Clarita "Annexation 1990-04" 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 July 1, 1993, or the July i 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 1990-04" area shall be transferred to the County of Los Angeles. 4. For fiscal years commencing on July 1, 1993, or the July 1 after the effective date of this jurisdictional change, whichever is later, Four Hundred Ninety -Nine Dollars ($499) 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 July 1, 1993, or the July 1 after the effective date of this jurisdictional change, whichever is later, Seventeen Percent (17.0%) of the annual tax increment attributable to the Santa Clarita "Annexation 1990-04" 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. To avoid duplicate tax transfers, if the proposal identified as "Annexation 3-91, Unincorporated Area Parcel 1-91" to Consolidated Fire Protection District becomes effective prior to the effective date of Santa Clarita "Annexation 1990-04" the provisions of this paragraph shall not become operative. 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 at 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 -2- the County of the preliminary report from the Agency pursuant 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 0�f P I�— Mayor' ATTEST: City Clerk 13th day of October 1992 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the 13th day of October , 1992, by the following vote of the City Council: AYES: COUNCILMEMBERS Boyer, Darcy, Heidt, Pederson, Klajic NOES: COUNCILMEMBERS None ABSENT: COUNCILMEMBERS None ITY CLERK -3- ATTEST: LARRY J. MONTEILH, Executive Officer— Clerk of the Board of Supervisors By Deputy day of 1992 Disk TR -1 SC.MOD Sfl COUNTY OF LOS ANGELES Chairman, Board of Supervisors I I a I ~ 1 % CYN. RD_ / v z z 300' eQ� 1 INGS CITY OF H Q SE CO,p OF NE. %4 SEC. 3r, � I I � I � 4EV LINE OF OF SEC.36 I � as > I t I U GOVT LIIOT 3 GOVT LOT 4 I I t 36 31 —' — T,3N. I 6 SLY LINE OF SEC.36 ANNEXATION BDRY. -- EXIST. 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