HomeMy WebLinkAbout1980-11-04; City Council; 6420; Annexation of Koll PropertyCITY OF CARLSBAD
/ // -* INITIAL
AGENDA BILL'NO. (p *y < O _ Dept. Hd.^vL
DATE: ' November 4, 1980 • Cty. Atty
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DEPARTMENT: Planning Department Cty. Mgrr.
SUBJECT:
RESOLUTION OF NEGOTIATED PROPERTY TAX EXCHANGE
RELATING TO THE KOLL ANNEXATION
STATEMENT OF THE MATTER:
Revenue and Taxation Code Section 99 requires that prior to the effective date of
certain jurisdictional changes, the governing bodies of the affected jurisdictions
shall establish, by resolution, the amount of property tax to be exchanged.
The City Manager's Office has negotiated with the County of San Diego on behalf of
the City of Carlsbad an appropriate exchange of property tax for the Roll annexation.
The attached resolution and Exhibit A represent the negotiated property tax exchange.
The City share of the tax split would be 34%.
Fiscal Impact
The cost of services provided to the Kail Annexation property would be -off set by the
revenue generated by the property tax enchange. Therefore, no significant fiscal
impacts are anticipated.
Environmental Review
This action is exempt from environmental review.
EXHIBITS
1." Resolution No. j
2, Exhibit A
RECOMMEMDATION
Approve Resolution No. (j> 3
Council Action:
11-4-80 Council adopted Resolution 6356, re the property tax exchange.
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RESOLUTION NO. 6356
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA REGARDING PROPERTY TAX
EXCHANGE RELATING TO JURISDICTIONAL CHANGES -
KOLL ANNEXATION.
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WHEREAS, Revenue and Taxation Code Section 99 requires the
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negotiation of any exchange of property tax revenues occasioned
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by jurisdictional changes between the areas affected; and
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WHEREAS, under such circumstances the City Council is
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authorized to negotiate such property tax revenue exchanges
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on behalf of the City of Carlsbad; and
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WHEREAS, the attached jurisdictional change between the
County and the City is proposed; and
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WHEREAS, the County has negotiated with the City of Carlsbad
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to determine an equitable exchange of property tax revenue appli-
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has adopted a resolution approving the negotiated tax exchange;
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NOW, THEREFORE, BE IT IS RESOLVED AND ORDERED that the juris-
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dictional change shall result in the property tax exchanges shown
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on the attached Exhibit "A".
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IT IS FURTHER RESOLVED AND ORDERED that the
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City Clerk of the City of Carlsbad shall, on behalf of the City
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notify the County Auditor and the Local Agency Formation Commis-
cable to such jurisdictional change and the Board of Supervisors
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sion of such negotiated exchange of property tax revenues by
forwarding to them a copy of this resolution.
1 PASSED, APPROVED AND ADOPTED at a regular meeting of the
2 City Council on 4th day of November, 1980, by the following
3 vote, to wit:
4 AYES: Council Members Packard, Casler, Anear, Lewis and Kulchin
5 NOES: None
6 ABSENT: None
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8 RONALD C. PACKARD, Mayor
9 ATTEST:
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I n A -+4 ^ fi^ —h IL11 U jZjCtA/v : (A . (A a A A A "i^ R^OXW^
ALETHA L. RAUTENKRANZ, City ClerkT
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(SEAL)
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EXHIBIT "A"
OCTOBER 6, 1980
NEGOTIATED PROPERTY TAX DISTRIBUTION
(Annual Tax Increment)
Koll Annexation to the City of Carlsbad - LAFCO #CA 80-8
Original PT . Negotiated PT
Distribution Distribution
San Diego County (Incl. Libr)
City of Carlsbad
Other Jurisdictions
TbTAL
.35445108
.64554892
1.00000000
.23393771
.12051337
.64554892
1.00000000