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RESOLUTION NO. 8]-64
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
UKIAH ACCEPTING THE NEGOTIATED EXCHANGE OF
PROPERTY TAX REVENUES FOR THE AIRPORT INDUSTRIAL
PARK REORGANIZATION (NO. 80-5)
M~REAS, the City Council of the City of Ukiah, by Resolution No. 81-63
dated March 18, 1981, ordered annexation of the territory known as Airport
Industrial Park Reorganization No. 80-5, and
WHEREAS, pursuant to Section 99, Part 0.5, Division 1 of the Revenue
and Taxation Code, (as added by Assembly Bill 8), a transfer of property
tax revenue is required for each reorganization, and
$~{ERFAS, such jurisdictional change cannot become effective until each
county and city negotiate and accept by resolution the negotiated exchange
of property tax revenues, and
WHEREAS, calculation of effective tax rates (ETR) for affected agencies
within the territory to be annexed indicates that the City should receive
12.66% of the taxes generated within the subject area, and
WHEREAS, the amount of $2,138 in property tax revenues has been determined
as the appropriate tax transfer through negotiations between City and County
staffs,
NOW THEREFORE BE IT RESOLVED'
a) The City Council accepts $2,138 as the negotiated exchange of prop-
erty tax revenues for the Airport Industrial Park Reorganization
for fiscal year 1980-81, and
B) The City Clerk is directed to forward a certified copy of this
resolution to the Executive Officer of the Hendocino County
Local Agency Formation Commission and the Administrative
Officer of the Hendocino County Board of Supervisors for
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action by the respective agencies.
PASSED AND ADOPTED this 18th day of 54arch, 1981 by the following
roll call vote;
AYES'Councilmembers Riley, Feibusch, Snyder, Myers, Hickey
NOES' None
ABSENT: None
ATTEST'
CITY CLERK