HomeMy WebLinkAbout2002-08-27 - RESOLUTIONS - GV RANCH TAX REVENUE ANNEX (2)RESOLUTION NO. 02-125
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
THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM
THE ANNEXATION OF GOLDEN VALLEY RANCH - ANNEXATION NO. 2002-05 (97-
01) - TO THE CITY OF SANTA CLARITA AND DETACHMENT FROM THE LOS
ANGELES COUNTY ROAD DISTRICT NO.5
WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code, for
specified jurisdictional changes, the governing bodies of an affected County and City
shall negotiate and determine the amount of property tax revenue to be exchanged
between the affected agencies; and
WHEREAS, the Board of Supervisors of the County of Los Angeles, as
governing body of the County and County Road District No. 5, and the City Council of
the City of Santa Clarita have determined that the amount of property tax revenue to be
exchanged between their respective agencies as a result of the annexation of
unincorporated territory to the City of Santa Clarita Identified as 'Annexation No. 2002-
05 (97-01)" and detachment from County Road District No. 5, is as set forth below:
NOW, THEREFORE, BE IT RESOLVED. as follows:
1. The negotiated exchange of property tax revenue between the County of Los
Angeles and the City of Santa Clarita resulting from "Annexation 2002-05 (97-01)" is
approved and accepted.
2. For fiscal years commencing on or after July 1, 2003, or the July 1 after the
effective date of this jurisdictional change, whichever Is later, Seven Hundred Eight
Dollars ($708) shall be transferred from the County of Los Angeles to the City of Santa
Clarita. 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, .056340677
percent of the annual property tax growth attributable to "Annexation No. 2002-05 (97-
01)" shall be transferred from the County of Los Angeles to the City of Santa Clarita,
and the County's share of incremental growth in the annexed area shall be reduced
accordingly.
3. For fiscal years commencing on or after July 1, 2003, or the July 1 after the
effective date of this jurisdictional change, whichever is later, the annual property tax
increment received by County Road District No. 5 attributable to "Annexation No. 2002-
05 (97-01)", shall be transferred to the County of Los Angeles.
4. In the event that all or a portion of the annexation area is included within a
redevelopment project pursuant to California Community Redevelopment Law, 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, Health & Safety Code Section 33670
or any other relevant provision of the law. Any ordinance approving a redevelopment
project 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 7jrh day of a„g„ar '2002
by the following vote:
AYES: Smyth, weste, ABSENT: None
McLean, Kellar,
NOES: Ferry ABSTAIN:
None None
Mayor, City of Santa
ATTEST:
r City Clerk
l The foregoing iesolution was on the day of , 2002, adopted by the
Board of Supervisors of the County of Los Angeles and ex officio the governing body of
all other special assessment and taxing districts, agencies and authorities for which said
Board so acts.
VIOLET VARONA-LUKENS, Executive Officer
Clerk of the Board of Supervisors
Of the County of Los Angeles
By
APPROVED AS TO FORM
BY COUNTY COUNSEL
LLOYD W. PELLMAN
By
Deputy
3
Deputy