HomeMy WebLinkAbout1993-10-12 - RESOLUTIONS - PROPERTY TAX REVENUE EXCHANGE (3)NO 93-137
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF LOS ANGELES AND 'I HE:
CITY COUNCIL OF THE CITY OF SANTA CLAM [ A
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUE RESULTING FROM
"ANNEXATION 1990-06" TO THE CITY OF SANTA CLA ITA
WHEREAS, pursuant to Section 99 of the Revenue and Taxatk: n ODde, 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 1990-06" 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 1990-06" is
approved and accepted.
2. For fiscal years commencing on July 1, 1994, or the July 1 after the effective
date of this jurisdictional change, whichever is later, One Hundred Five Thousand Two
Hundred Fifty -Two Dollars ($105,252) 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, 1994, or the July 1 after the effective date of this jurisdictional
change, whichever is later, a portion of the annual tax increment (ATI) attributable to the
Tax Rate Areas (TRAs) within the "Annexation 1990-06" area, as set forth below, 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:
TRA % of ATI
275
6.4
276
5.6
277
5.7
278
5.4
907
7.8
1273
6.6
1291
6.8
1342
5.6
6505
5.3
6740
5.6
6782
5.3
6833
5.4
7254
5.7
7281
5.3
7605
5.4
7707
6.3
10805
6.3
11222
7.8
3. For fiscal years commencing on July 1, 1994, or the July 1 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 1990-06" area shall be
transferred to the County of Los Angeles.
4. 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 &
-2-
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
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 such 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 APPROVED AND ADOPTED BY THE
BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND BY THE CITY
COUNCIL OF THE CITY OF SANTA CLARITA.
ATTEST:
Clerk
CITY OF SANTA CLARITA
Mayor
12th day of october , 1993
-3-
STATE OF CALIECUM )
Caany OF LOS ANGELES ) ss
City of Santa Clarita )
I, Donna M. Grindey, City Clerk, DO HEREBY CIRTIEY that the above and
foregoing Resolution was duly adopted by the City Council of the
City of Santa Clarita at a regular meeting thereof, held on the 12th day of
October, 1993 by the following vote of Council:
AYES: COUNCII.S: Boyer, Darcy, Rlajic, Pederson, Bedit
NOES: COUNCI1MEMBER8: None
ABSENT: COUNCII1+EMBffitS: None
' k I Y /
VrY CLERK
Approved and adopted by the Board of Supervisors of the County of Los Angeles
on this day of , 1993.
ATTEST:
LARRY J. MONTEILH, Executive Officer
Clerk of the Board of Supervisors
Deputy
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
day of , 1993
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LEGEND:
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ANNEXATION NO 1990-06
TO THE CITY OF SANTA CLARITA