HomeMy WebLinkAbout1996-12-10 - AGENDA REPORTS - PROPERTY TAX TRANSFER ANNEX (3)XDy C_'1
CONSENT CALENDAR
DATE: December 10, 1996
City Manal
Item to be
SUBJECT: A JOINT RESOLUTION OF NEGOTIATED PROPERTY TAX TRANSFER
FOR ANNEXATION NO. 1992-04 (NORTHBRIDGE)
RESOLUTION NO. 96-143
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. 1992-04
(Northbridge Annexation). This is a proposal to annex 743acre's of inhabited land to the City
of Santa Clarita. The property is located north of Newhall Ranch Road and east of McBean
Parkway, and north of 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. For amounts over $10 million this must be negotiated.
The Finance Department has reviewed the formula amount and finds it is acceptable as the
City's offer to negotiate. The County has accepted as well.
The proposed resolution provides for the transfer, from the County to the City, of $379,417 in
property tax revenue on July 1 of the first fiscal year following completion of the annexation and
5.89% of the annual tax increment (ATI) for the 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 an
ordinance approving a redevelopment plan containing the proposed annexation area without
consulting the County with respect to the allocation of taxes.°
RECOMMENDATION
Adopt Resolution No. 96-143 for transmittal to the Local' Agency Formation Commission
(LAFCO) and action by the Los Angeles County Board of Supervisors.
Resolution No. 96-143
Vicinity map }p -
sAcd\annex\924artx.mar Adopfedi2! 10 -q1 . Benda Iter:
Resolution No. 96-143
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 1992-04" (NORTHBRIDGE)
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 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 1992-04" is as set forth below.
NOW, THEREFORE, BE IT RESOLVED:
The negotiated exchange of property tax revenue between the County of
Los Angeles and the City of Santa Clarita resulting from "Annexation 1992-04" is approved and
accepted.
2. For fiscal years commencing July 1, 1998, or the July 1 after the effective date of
this jurisdictional change, whichever is later, Three Hundred Seventy -Nine Thousand, Four
Hundred and Seventeen Dollars ($379,417) 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, 1998, or the July 1 after the effective date of this jurisdictional change, whichever is later,
a percentage of the annual tax increment (ATI) attributable to the Tax Rate Areas within the
Santa Clarita"Annexation 1992-04" 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 as specified below:
Tax Rate Area
ATI%
2296
0.055850252
2304
0.058262797
2305
0.058126070
2309
0.058126070
2310
0.058126070
2311
0.058126070
2312
0.058126070
6792
0.076675900
6807
0.060617954
6808
0.076675900
6809
0.060617954
8591
0.057788782
10457
0.074320743
10503
0.058262797
10505
0.057455766
10507
0.058262797
10512
0.060481227
10513
0.060481227
10514
0.057435334
10515
0.073493280
10516
0.054980829
10517
0.071038775
10537
0.058262797
10538
0.071661631
10539
0.055028741
15040
0.071661631
10836
0.058126070
10837
0.054844101
10838
0.099450122
11212
0.060617954
2
Tax Rate Area ATI%
11226
0.058262797
11227
0.055028741
11228
0.054153365
11229
0.055028741
11299
0.058126070
11606
0.055850252
11607
0.055028741
11608
0.055028741
11609
0.055028741
11610
0,071661631
11611
0.055028741
11678
0.054153365
11783
0.058209543
11784
0.058209543
3. For fiscal years commencing July 1, 1998 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 1992-04" area shall be transferred to the
County of Los Angeles.
4. In the event that all or a portion of the annexation area is subsequently included
within a redevelopment project pursuant to California Community Redevelopment Law
(California 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
complied with all applicable provisions of the California Community Redevelopment Law,
including but not limited to consultation 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
3
provision of law. Any ordinance approving a redevelopment project that includes this annexed
area and 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 day of , 1996,
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
City Clerk
E!
Mayor, City of Santa Clarita
The foregoing resolution was adopted by the Board of Supervisors of the County of
Los Angeles on this day of , 1996.
ATTEST:
JOANNE STURGES, Executive Officer -
Clerk of the Board of Supervisors
'Ml
Deputy
o=1992-04.ttr
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
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LEGEND:
EXISTING CITY BOUNDARY
ANNEXATION BOUNDARY - - - - - - - - -
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SCALE: 1' = 1500'
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