HomeMy WebLinkAbout2003-01-28 - RESOLUTIONS - TOWSLEY CYN TAX EXCHANGE (2)RESOLUTION NO. 03-16
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 TOWSLEY CANYON (ANNEXATION 1989-01) TO THE CITY OF
SANTA CLARITA AND DETACHMENT FROM 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 area proposed for annexation identified as Towsley Canyon,
"Annexation 1989-01" consists of approximately 60 acres of designated open space land
owned by the City of Santa Clarita;
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
identified as Towsley Canyon "Annexation 1989-01" to the City of Santa Clarita and
detachment from 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 1989-01" is approved and
accepted.
2. For fiscal years commencing on or after July 1, 2004, or the July 1 after the
effective date of this jurisdictional change, whichever is later, Zero Dollars ($0) 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, 2004, 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. 1989-01" shall be transferred from the County of Los
Angeles to the City of Santa Clarita, and that 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, 2004, 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 Annexation No.1989-01 shall
be transferred to the County.
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
City of Santa Clarita — Towsley Canyon Annexation
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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 9sth day of January 2003 by
the following vote:
AYES: Ferry, McLean, ABSENT: None
Kellar, Weste, Smyth
NOES: None ABSTAIN: None
Mayor, City of a Cla ita
ATTEST:
City Clerk
The foregoing resolution was on the day of 2003, 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.
APPROVED AS TO FORM
BY COUNTY COUNSEL
LLOYD W. PELLMAN
By
:ms
Thomas J. Faughnan, Deputy
VIOLET VARONA-LUKENS, Executive Officer
Clerk of the Board of Supervisors
Of the County of Los Angeles
Deputy