HomeMy WebLinkAbout1995-01-10 - RESOLUTIONS - PROPERTY TAX EXCHANGE 92-01 (2)RESOLUTION NO. 95-2
JOINT RESOLUTION OF THE BOARD OF SUPERVISOR y
OF THE COUNTY OF LOS ANGELES AND THE
CITY COUNCIL OF THE CITY OF SANTA CLARITA
APPROVING AND ACCEPTING NEGOTIATED EXCHAN(2y
OF PROPERTY TAX REVENUE RESULTING FROM
"ANNEXATION 1992-01" TO THE CITY OF SANTA CLARI:Kp:.
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 of service responsibilities would be altered by such a 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. 1992-01"is as
set forth below.
NOW, THEREFORE, BE IT RESOLVED:
1. The negotiated exchange of property tax revenue between the County of Los
Angeles and the City of Santa Clarita resulting from "Annexation 1992-01" is approved and
accepted.
2. For fiscal years commencing July 1, 1995, or the July 1 after the effective date
of the jurisdictional change, whichever is later, thirty-one dollars ($31) 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 July 1, 1995, or the July 1 after the effective
date of this jurisdictional change, whichever is later, Sig and Four -Tenths Percent (6.4%) of
the incremental tag growth attributable to the Santa Clarita "Annexation 1992-01" are 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 commending July 1, 1995 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 1992-01" 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 with 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 the
Redevelopment Agency of the City of Santa Clarita has diligently and in good faith consulted
with the County with respect to the plan and to the allocation of taxes, pursuant to Health
& Safety Code Section 33670 or any other relevant provision of law. Any ordinance
approving a redevelopment project which does not comply with this paragraph shall be void
and of no effect with regard to the subsequent allocation and distribution of taxes to the
Redevelopment Agency.
PASSED, APPROVED AND ADOPTED this 10th day of January, 1995, by the
following vote:
AYES: COUNCILMEMBERS:
NOES:
COUNCILMEMBERS:
ABSENT:
COUNCILMEMBERS:
ABSTAIN:
COUNCILMEMBERS:
Boyer, Heidt, Pederson, Smyth, Darcy
None
None
None
Mayor, City of Santa Clarita
ATTEST:
4LyClerk��
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 10th day of January, 1995.
onna M. Grin ey, C
City Clerk
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