HomeMy WebLinkAbout2003-10-28 - AGENDA REPORTS - SC CMTY COLLEGE DIST TAX AGMT (2)CONSENTCALENDAR
DATE:
SUBJECT:
DEPARTMENT:
Agenda Item:_ 14
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval:
Item to be presented by:
October 28, 2003
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA CLARITA, CALIFORNIA, APPROVING THE
AGREEMENT BETWEEN THE CITY OF SANTA CLARITA AND
THE SANTA CLARITA COMMUNITY COLLEGE DISTRICT
Administrative Services
RECOMMENDED ACTION
Adopt Resolution approving the Agreement between the City of Santa Clarita and the Santa
Clarita Community College District, subject to the approval of the City Attorney.
BACKGROUND
During the past six months, City staff and representatives of the Santa Clarita Community
College District (District) have met on several occasions to discuss the development of an
Agreement that would create a Use Tax Equivalent Revenue Sharing Program that will allow the
City and District to partner in a manner that will help to construct a future University Center on
the College of the Canyon's campus. The development of this Agreement represents an
opportunity for the City and local private sector businesses to jointly help the District construct
their University Center through the generation of new use tax revenue the City does not currently
receive.
At the October 14, 2003 regular meeting, the City Council took action to approve this Agreement
between the City of Santa Clarita and the Santa Clarita Community College District. Pursuant to
State requirements, it is necessary for the City Council to adopt a Resolution in order to approve
this Agreement.
ALTERNATIVE ACTIONS
1. Do not approve this Resolution.
2. Other action as determined by the City Council.
FISCAL IMPACT
The adoption of this Resolution, in conjunction with the terms of the Agreement creating a Use
Tax Equivalent Revenue Sharing Program previously approved by the City Council, provides
that the City will contribute funding towards the construction of the District's future University
Center. Under the terms of this Agreement, the City will contribute funding in an amount that is
equivalent to 50% of all net new Use Tax Revenue generated as a result of the joint City -District
Use Tax Sharing Program. The City's maximum contribution towards the University Center
during the duration of this Agreement will not exceed $2.0 million.
ATTACHMENTS
Resolution
Attachment A