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HomeMy WebLinkAbout2003-11-25 - AGENDA REPORTS - TAX SHARING SANDIST 335 336 (2)CONSENT CALENDAR DATE: SUBJECT: DEPARTMENT: Agenda Item:_ CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval: Item to be presented by November 25, 2003 David Peterson TAX SHARING RESOLUTION FOR SANITATION DISTRICT ANNEXATION NO. 335 AND NO. 336 Field Services RECOMMENDED ACTION City Council adopt two resolutions approving and accepting the negotiated exchange of property tax revenues resulting from Sanitation District Annexation No. 335 and No. 336. BACKGROUND Los Angeles County Sanitation District No. 26 and No. 32 provide wastewater treatment services cooperatively through the Santa Clarita Valley Joint Sewerage System. To provide wastewater treatment service to property located outside of the District's service area, the boundary must be expanded through the annexation process. As part of this process, a tax -sharing resolution to provide the required funding to the Sanitation District is adopted by the public agency responsible for providing services to the subject property. Local agencies receiving a portion of the property tax from the annexing area must determine the amount of tax revenues to be exchanged between the affected agencies. For Annexation No. 335, a total of 1.0505288 percent and 1.1535243 percent of the annual tax increment attributable to the land area encompassed in the annexation will be transferred to Sanitation District No. 26. This annexation to the Los Angeles County Sanitation District is for the newly created assessment area for an existing single family residence and thirty-five (35) proposed single-family residences located within the City of Santa Clarita near the intersection of Sand Canyon Road and Condor Ridge Road. Local agencies receiving a portion of the property tax from the annexing area must determine the PSO, n 3-138 iso. O 1347 Adopted; amount of tax revenues to be exchanged between the affected agencies. For Annexation No. 336, a total of 1.1521993 percent of the annual tax increment attributable to the land area involved in the annexation will be transferred to Sanitation District No. 26. The above annexation to the Los Angeles County Sanitation District is for the newly created assessment area for an existing warehouse on Soledad Canyon Road near the northern border of the City of Santa Clarita, APN# 2839 002 036. ALTERNATIVE ACTIONS Other action as determined by the City Council. FISCAL IMPACT As proposed, the annexation to Sanitation Districts No. 26 and No. 32 should result in no adverse fiscal impact to the City. ATTACHMENTS Sanitation District Annexation Resolution No. 335 available in the City Clerk's Reading File Sanitation District Annexation Resolution No. 336 available in the City Clerk's Reading File