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HomeMy WebLinkAbout1996-03-26 - AGENDA REPORTS - DOLLINGER II ANNEX (2)AGENDA REPORT City Manager Approval Item to be presented by: CONSENT CALENDAR DATE: March 26, 1996 SUBJECT: A JOINT RESOLUTION OF NEGOTIATED PROPERTY TAX TRANSFER FOR ANNEXATION NO. 1995-02 ("DOLLINGER II ANNEXATION") RESOLUTION NO. 96-29 DEPARTMENT: Community Development The proposal is for a Joint Resolution of Negotiated Property Tax Transfer to be adopted by the City Council and the Los Angeles County Board of Supervisors for Annexation No. 1995-02 ("Dollinger II Annexation'). Annexation No. 1995-02 is a proposal to annex 7.1 acres of vacant land to the City of Santa Carita. The property is located 500' north of Newhall Ranch Road and west of Bouquet Canyon Road, adjacent to the existing City limits. (See attached map). Pursuant to State law, distribution of property tax revenue derived from the area must be negotiated and approved by a joint resolution of the City and the County of Los Angeles. A formula, agreed to by the County and the California League of Cities in 1979, is used to determine the percentage of the property taxes to be transferred when the assessed value of the annexation area is less than $10 million. The proposed resolution provides for the transfer, from the County to the City, of five in property tax revenue on July 1 of the first fiscal year following completion of the annexation and an average of 6.4% of the annual tax increment (ATI) for the two Tax Rate Areas (TRAs) within the annexation area thereafter. The resolution also provides for the transfer of all property tax revenue currently received by County Road District No. 5 attributable to this area to the County of Los Angeles. Finally, the resolution contains language stating that the City shall not adopt the ordinance approving the redevelopment plan with respect to the proposed annexation without consulting the County with respect to the allocation of taxes. The property owner, Dollinger Properties, proposes a commercial development on the site consisting of approximately 70,000 square feet of leasable space. A conditional use permit was approved by the County of Los Angeles Board of Supervisors in 1993. Annexation of the site is scheduled to be completed by Spring 1996, and construction would begin soon thereafter. Adopted: 2-- -w Agenda Item: #, Adopt Resolution No. 95-29 for transmittal to the LAFCO and action by the Los Angeles County Board of Supervisors. Proposed Resolution No, 95-29 Vicinity map s: \cd\ annex\952artx.eam RESOLUTION NO. 96-29' 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 1995-02" 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 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. 1995-02" 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 1995-02" is approved and accepted. 2. For fiscal years commencing July 1, 1997, or the July 1 after the effective date of the jurisdictional change, whichever is later, three ($5) 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, 1997, 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 within the Santa Clarita "Annexation 1995-02" 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. Tax Rata Area ATI% 08005 6.4 08591 6.4 3. For fiscal years commencing July 1, 1997 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 1995-02" 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. -2- 4. The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED this day of 19 MAYOR ATTEST: CITY CLERK STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA ) I, Donna M. Grindey, City Clerk of the City of Santa Clarita, do 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 _ day of 19_ by the following vote of Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: s:\cd\annex\952txres.eam -3 CITY CLERK VICINITY MAP MC# 95-171 FESTIVIDgO SUBJECT SITE NEWHALL Ra 9D' OJ cy N m