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HomeMy WebLinkAbout2008-03-11 - AGENDA REPORTS - SANDIST ANNEX 1013 1015 1021 (3)CONSENT CALENDAR DATE: SUBJECT: DEPARTMENT: Agenda Item: CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval Item to be presented by: March 11, 2008 Kris Markarian TAX -SHARING RESOLUTION FOR SANITATION DISTRICT ANNEXATIONS 1013, 1015, AND 1021 Public Works RECOMMENDED ACTION City Council adopt the Sanitation District's resolutions approving and accepting the negotiated exchange of property tax revenues resulting from Sanitation District Annexations 1013, 1015, and 1021. BACKGROUND The Santa Clarita Valley Sanitation District (formerly known as County Sanitation District 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: • 1.0073289 for Annexation 1013 • 1.0084287 for Annexation 1015 e 1.0249319 for Annexation 1021 ees�a • U'- iCeso . OP -,23 Adwted:Lso . o;_f-aV For each of these totals, the City is contributing the following percentage of its revenues from the annual tax increment for each annexation area: • 0.001038256 for Annexation 1013 • 0.001038256 for Annexation 1015 + 0.001038097 for Annexation 1021 For Annexations 1013 and 1015 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: • 1.0073289 and 0.000374225 for Annexation 1013 • 1.0084287 and 0.000374232 for Annexation 1015 These annexations consist of the following: • Annexation 1013 - 19 existing single-family homes located between Hacienda Lane and Alderbrook Drive • Annexation 1015 - 4 existing single-family homes on Wiley Canyon Road, south of Lyons Avenue • Annexation 1021 - 147 proposed condominiums off Penlon Road, just south of Soledad Canyon Road 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 26 and 32) should result in no adverse fiscal impact to the City. 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