Loading...
HomeMy WebLinkAbout2007-01-09 - AGENDA REPORTS - SANDIST TAX SHARING ANNEX (2)Agenda Item: CITY OF SANTA CLARITA AGENDA REPORT CONSENT CALENDAR City Manager Approval: Item to be presented by: Travis Lange DATE: January 9, 2007 SUBJECT: TAX SHARING RESOLUTION FOR SANITATION DISTRICT ANNEXATION NOS. 1010, 1012 AND 1016 DEPARTMENT: City Manager's Office City Council adopt resolutions approving and accepting the negotiated exchange of property tax revenues resulting from Sanitation District Annexation Nos. 1010, 1012 and 1016. BACKGROUND The Santa Clarita Valley Sanitation District (formerly known as County Sanitation District Nos. 26 and 32) provides wastewater treatment services within the District's service area. 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 an apportionment of property tax from the annexing area must determine the amount of tax revenues to be exchanged between the affected agencies. Each percentage listed below is the annual tax increment attributable to the land area involved in the corresponding annexation and will be transferred to the Santa Clarita Valley Sanitation District: • 0.9970704 for Annexation No. 1010 • 1.0144943 for Annexation No. 1012 for Tax Rate Area 00328 • 1.0294527 for Annexation No. 1012 for Tax Rate Area 00337 • 0.9875524 for Annexation No. 1016 meso. 07- 1 PSO. t -7 - .)— Adopted: eso. o _ � For each of these totals the City is contributing the following percentage of its revenues from the annual tax increment for each annexation area: • 0.001027682 for Annexation No. 1010 • 0.001027525 for Annexation No. 1012 for Tax Rate Area 00328 • 0.001027682 for Annexation No. 1012 for Tax Rate Area 00337 • 0.001027682 for Annexation No. 1016 For Annexation No. 1010 there is also a separate tax sharing resolution for a Street Light Maintenance District in these annexation areas. The following is the percentage of the annual tax increment attributable to the land area involved in the corresponding annexation and the percentage of revenues from the annual tax increment for each annexation area: • 0.9970704 and 0.000369622 for Annexation No. 1010 These annexations consist of the following: • Annexation No. 1010 - six existing single-family homes on Placenta Canyon Road. • Annexation No. 1012 - 111 proposed condominiums at Sierra Highway and Golden Valley Road. • Annexation No. 1016 - 55 proposed condominiums on Sierra Highway at American Beauty Drive. ALTERNATIVE ACTIONS Other action as determined by the City Council. FISCAL IMPACT As proposed, the annexation to Santa Clarita Valley Sanitation District (Formerly known as County Sanitation District No. 26) should result in no adverse fiscal impact to the City. ATTACHMENTS Proposed Annexation Nos. 1010, 1012 and 1016 Maps Resolutions for Annexation Nos. 1010, 1012 and 1016 available in the City Clerk's Reading File