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HomeMy WebLinkAbout2008-02-26 - AGENDA REPORTS - SANDIST ANNEX 1035 TAX SHARE (2)Agenda Item: 7 CITY OF SANTA CLARITA AGENDA REPORT CONSENT CALENDAR City Manager Approval: Item to be presented by: Kris Markarian DATE: February 26, 2008 SUBJECT: TAX -SHARING RESOLUTION FOR SANITATION DISTRICT ANNEXATION 1035 DEPARTMENT: Public Works RECOMMENDED ACTION City Council adopt the Sanitation District's resolution approving and accepting the negotiated exchange of property tax revenues resulting from Sanitation District Annexation 1035. 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. The 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: • 0.9754209 for Annexation 1035 For these totals, the City is contributing the following percentage of its revenues from the annual tax increment for this annexation area: • 0.001006252 for Annexation 1035 Annexation 1035 consists of a proposed office building and an existing office building. 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. ATTACHMENTS Map for Proposed Annexation Sanitation District Tax Sharing Resolution JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF Los Angeles County General Fund Los Angeles County Library Los Angeles County Consolidated Fire Protection District Los Angeles County Flood Control THE BOARD OF DIRECTORS OF SANTA CLARITA VALLEY SANITATION DISTRICT OF LOS ANGELES COUNTY, AND THE GOVERNING BODIES OF Greater Los Angeles County Vector Control District Antelope Valley Resource Conservation District City of Santa Clarita Castaic Lake Water Agency APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO SANTA CLARITA VALLEY SANITATION DISTRICT. "ANNEXATION NO. 1035" WHEREAS, pursuant to Section 99 and 99.01 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing a new service, the governing bodies of all local agencies that receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution; and WHEREAS, the governing bodies of the agencies signatory hereto have made determinations of the amount of property tax revenues from the annual tax increments to be exchanged as a result of the annexation to Santa Clarita Valley Sanitation District entitled Annexation No. 1035; NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues resulting from the annexation of territory to Santa Clarita Valley Sanitation District in the annexation entitled Annexation No. 1035 is approved and accepted. 2. For each fiscal year commencing on and after July 1, 2009, or after the effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to Santa Clarita Valley Sanitation District a total of 0.9754209 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 1035 as shown on the attached Worksheet. -3. No additional transfer of property tax revenues shall -be made from any other taxing agencies to Santa Clarita Valley Sanitation District as a result of annexation entitled Annexation No. 1035. 4. .No transfer of property tax increments from properties within a community redevelopment project which are legally committed to a Community Redevelopment Agency shall be made during the period that such tax increment is legally committed for repayment of the redevelopment project costs. 5. If at any time after the effective date of this resolution, the calculations used herein to determine initial property tax transfers or the data used to perform those calculations are found to be incorrect thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of property tax received in excess of that which is proper shall be refunded to the appropriate agency. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of Santa Clarita Valley Sanitation District of Los Angeles County, and the governing bodies of Greater Los Angeles County Vector Control District, Antelope Valley Resource Conservation District, City of Santa Clarita, and Castaic Lake Water Agency, signatory hereto. ATTEST: Secretary CITY OF SANTA CLARITA 6111910GM IRM PRINT NAME AND TITLE Date (SIGNED IN COUNTERPART)