HomeMy WebLinkAbout1997-12-18 - RESOLUTIONS - ANNEX 1995-06 TAX EXCHANGE (2)Resolution No. 97-149
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 1995-06" (NORTH VALENCIA)
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 1995-06" 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 1995-06" is approved and
accepted.
2. For fiscal years commencing July 1, 1999, or the July 1 after the effective date of
this jurisdictional change, whichever is later, Eighty -Six Thousand, Eight Hundred and
Eighty -Four Dollars (86,884) 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, 1999, or the July I 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 1995-06" 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:
Tax Rate Area
ATI%
1339
0.055849657
1785
0.062634883
1787
0.065412089
2626
0.056068329
6788
0.059370964
6807
0.063546360
6809
0.063546360
8011
0.060017108
8075
0.060908982
8711
0.057428528
8745
0.059370964
8751
0.050413281
11737
0.061021601
11765
0.061021601
11767
0.061021601
3. For fiscal years commencing July 1, 1999 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 1995-06" area shall be transferred to the
County of Los Angeles.
4. In the event that all or a portion of the annexation area is 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
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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
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 1 RY h day of nArAmhar , A
by the following vote:
AYES:
NOES:
ABSENT:
ATTEST:
COUNCILMEMBERS: Boyer, Kl.ajic, Darcy, Smyth, Heidt
COUNCILMEMBERS: None
COUNCILMEMBERS: None
COUNCILMEMBERS: None
4J."t, � ,
City Clerk
3
wi ww 'v • IV -
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
COUNTY OF LOS ANGELES
Chair, Board of Supervisors
ATTEST:
JOANNE STURGES, Executive Officer -
Clerk of the Board of Supervisors
Deputy
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