HomeMy WebLinkAbout1981-03-03; City Council; 6518; Resolution of Negotiated Property TaxCITY OF CARLSBAD
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AGENDA BILL NO: £f ^ /JT DEPT. HD. feW ^Cjf
DATE: March 3, 1981 CTY. ATTY.
DEPARTMENT: Planning CTY. MGR.
SUBJECT :
RESOLUTION OF NEGOTIATED PROPERTY TAX EXCHANGE
RELATING TO THE UKEGAWA 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.
Although the county has not adopted a tax exchange resolution on this specific
property, a master tax exchange agreement for all future properties annexed into
the city was approved by the Board of Supervisors earlier this year. The attached
resolution and Exhibit A are based on this master agreement. The city share of the
tax split would be 48%.
Fiscal Impact
The cost of services provided to the Ukegawa Annexation property would be
offset by the revenue generated by the property tax exchange. Also, an
application for development on the property would be conditioned for full
public improvements and the payment of a public facilities fee.
Environmental Review
This action is exempt from environmental review.
EXHIBITS
1. Resolution No.
2. Exhibit A, dated March 3, 1981
RECOMMENDATION
Adopt Resolution No. >77 q approving property tax exchange for the Ukegawa
Annexation.
Council Action;
3-3-81 Council adopted Resolution No. 6448, regarding property tax exchange relating
to jurisdictional changes - Ukegawa Annexation.
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RESOLUTION NO. 6448
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD,'CALIFORNIA REGARDING PROPERTY TAX
EXCHANGE RELATING TO JURISDICTIONAL CHANGES -
UKEGAWA 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 jurisdictiorial 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
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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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cable to such jurisdictional change;
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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 City Clerk'of
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the city of Carlsbad shall, on behalf of the city notify the
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County Board of Supervisors, County Auditor and the Local Agency
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Formation Commission of such negotiated exchange of property tax
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revenues by forwarding to them a copy of this resolution.
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1 PASSED, APPROVED AND ADOPTED at a regular meeting of the
2 City Council on the 3rd day of March, 1981, by the following
3 vote, to wit:
4 AYES: Council Members Packard, Casler, Anear, Lewis and Kulchin
5 NOES: None
6 I ABSENT: None
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8 "RONALD c. PACKARD, Mayor
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ATTEST:
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12 ALETHA~LT~RAUTENKRANZ, City Clerkf
13 I (SEAL)
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EXHIBIT "A"
MARCH 3, 1980
NEGOTIATED PROPERTY TAX DISTRIBUTION
(Annual Tax Increment)
Ukegawa Annexation to the city of Carlsbad - LAPCO #CA 80-11
Original PT Negotiated PT
Distribution Distribution
San Diego County (Incl. Libr) .33387360 .17361430
City of Carlsbad - .1602593
Other Jurisdictions .66612640 .66612640
TOTAL 1.00000000 1.00000000