HomeMy WebLinkAbout2000-08-22 - AGENDA REPORTS - N VALENCIA II PROP TAX REVENUE (2)ciTY OF sANTA CLARITA
AGENDA REPORT
CONSENTCALENDAR
City Manager ApprovaA4"701-0
Item to be presented by: Jeffrey Lambert
DATE: August 22, 2000
SUBJECT: JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA AND THE BOARD OF SUPERVISORS OF THE
COUNTY OF LOS ANGELES APPROVING AND ACCEPTING
NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE
RESULTING FROM THE NORTH VALENCIA II ANNEXATION
(MASTERCASE NO. 98-183).
DEPARTMENT: Planning & Building Services
RECOMMENDED ACTIO
City Council to adopt a Joint Resolution of Negotiated Exchange of Property Tax Revenue
resulting from the proposed North Valencia II Annexation to the City,of Santa Clarita
consisting of 576 acres, generally located outside and adjacent to the City limits generally
north of Newhall Ranch Road and west of McBean Parkway.
On June 22, 1999, Resolution No. 99-127, was adopted initiating annexation proceedings
for the North Valencia II Annexation with the Local Agency Formation Commission
(LAFCO).
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.
The proposed resolution provides for the transfer from the County to the City of $7,284.00
in property tax revenue and portion of the annual tax increment (ATI) attributable to the
Tax Rate Areas (TRA) an average of 6.2% for fiscal years commencing July 1, 2001, or the
July 1 after the effective date of the annexation, whichever is later. The resolution also
provides for the detachment from County Road District No. 5.
A related item on this agenda is a public hearing for the election and adoption of the
resolution for the storm drainage fee.
ALTERNATIVE ACTION
Council may direct staff to negotiate an alternative exchange or deny the proposal. Denial
would result in termination of annexation proceedings.
Mopted: 00 - Agenda Item—&—
FISCAL IMPACT
The exchange of property tax revenue proposed by the County is a weighted average of
6.2%, above the 6% required for a positive fiscal impact based on the fiscal impact analysis
prepared by BRA for proposed annexation.
ATTACHMENTS
Resolution
Vicinity Map
JJL:EA:lep
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