HomeMy WebLinkAbout2002-05-14 - AGENDA REPORTS - TAX REVENUE WES TOMPSON RANCH (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR City Manager Approv
Item to be presented by: Steve Stark
DATE: May 14, 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 WES THOMPSON RANCH ANNEXATION
(MASTER CASE NO. 96-072).
DEPARTMENT: Administrative Services
RECOMMENDED ACTION
City Council adopt a Joint Resolution of Negotiated Exchange of Property Tax Revenue,
resulting from the proposed Wes Thompson Ranch Annexation to the City of Santa Clarita,
consisting of 176 acres, generally located at the northern terminus of Gary and Marilyn
Drives, north of Soledad Canyon Road, in unincorporated Los Angeles County.
BACKGROUND
On August 28, 2001, Resolution No. 01-96 was adopted, initiating annexation proceedings
for the Wes Thompson 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 a one-time, base tax revenue transfer from the County
to the City in the amount $139.00 for the annexed area. In addition, the City's property tax
revenue and reapportionment of the annual tax increment attributable to the Tax Rate
Areas (TRA) is 5.6%, for fiscal years commencing July 1, 2003, or the first July 1 after the
effective date of the annexation, whichever is later. The County's share in each affected
TRA shall be reduced accordingly. The resolution also provides for the detachment from
County Road District No. 5.
Agenda Item:/43
JOINT RESOLUTION
May 14, 2002 — Page 2
ALTERNATIVE ACTION
Council may direct staff to negotiate an alternative exchange or deny the proposal.
Denial would result in termination of annexation proceedings.
2. Other action as determined by City Council
FISCAL IMPACT
The fiscal impact analysis prepared for the project indicates the annexation would cost the
City an estimated $13,321 on average per year, or $133,216 over the first ten years of
annexation. These figures take into account the City's allocation of resources and delivery
of services to the annexed area. For future fiscal years, this amount will be continually
absorbed by the City's general fund over the life of the annexation.
ATTACHMENTS
Resolution
Fiscal Impact Analysis — Summary of Fiscal Impacts, Wes Thompson Ranch
Vicinity Map
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