HomeMy WebLinkAbout2002-08-27 - AGENDA REPORTS - TAX REVENUE GV RANCH MC 97 212 (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR
City Manager Approva
Item to be presented by: Jeffrey Lambert.
DATE: August 27, 2002
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 GOLDEN VALLEY RANCH ANNEXATION
(MASTER CASE NO. 97-212).
DEPARTMENT: Planning and Building Services
RECOMMENDED ACTION
City Council adopt a Joint Resolution of Negotiated Exchange of Property Tax Revenue
resulting from the proposed Golden Valley Ranch Annexation to the City of Santa Clarita
consisting of 1,311 acres of land, located outside the City limits generally east of the City
limits, east of State Route 14, north of Placerita Canyon Road, and west and north of the
Angeles National Forest.
BACKGROUND
On February 12, 2002, the City Council adopted Resolution No. 02-19 initiating annexation
proceedings for the Golden Valley Ranch 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 $708.00 for
fiscal years commencing on or after July 1, 2003, or the July 1 after the effective date of the
annexation, whichever is later. In addition, for each fiscal year commencing on or after
July 1, 2003, or the July 1 after the effective date of this jurisdictional change, whichever is
later, 5.634 percent of the annual property tax growth attributable to the annexation shall
be transferred from the County of Los Angeles to the City. The resolution also provides for
the detachment from County Road District No. 5.
Agenda Item:
3r;eTOM W . M• ,
ALTERNATIVE ACTION
Council may direct staff to negotiate an alternative exchange or deny the proposal. Denial
would result in termination of annexation proceedings.
FISCAL IMPACT
A fiscal impact analysis has been prepared for the Golden Valley Ranch Annexation. The
fiscal impact analysis shows that upon full buildout, the project would yield a net positive
impact to the City's General Fund ranging from $17,470 in 2002 to $1.11 million in 2010,
totaling $7,049.061.00 over the next nine years, based on the 50 net commercial acres and
the 498 residential lot development plan. Buildout of the project would commence in the
second quarter of 2003, and would take 4-5 years to complete. The dedication of open space
and development of a turnkey elementary school would also create other public benefits to
the City and other public agencies.
The anticipated revenue from the proposed Storm Drainage Utility Fee adopted September
26, 2001, for the parcels located in the Golden Valley Ranch annexation area is $8,122.94.
ATTACHMENTS
Resolution
Fiscal Impact Analysis Table 4-2A — Golden Valley Ranch
Vicinity Map
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Location Map
Golden Valley Ranch Annexation