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HomeMy WebLinkAbout80-35RESOLUTION NO._ 80_35 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ACCEPTING THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES FOR THE CAGLE-KENNEDY AND CITY OF UKIAH PROPERTY ANNEXATION (NO. 76-2) P~dEREAS, the City Council of the City o~ Ukiah, by Resolution No. ordered ~,np. exation of the territory known as Cagle-Ke 77-15, ~operty, Annexation No. 76-2, and _ nnedy and City of Ukiah WHEREAS, pursuant to Section 99, Part 0.S, Division I of the Revenue and ' , Taxation Code, (as added by Assembly Bill 8) a transfer of property tax revenue · s required for each annexation, and WHEREAS, such jurisdictional change cannot become effective until each county and city negotiate and accept by resolution the negotiated exchange of property tax revenues, and I~dERFAS, calculation of equivalent tax rates for affected agencies within the territory to be annexed indicates that the City should receive 12 56% of the taxes generated within the annexation area, and ' ~{EREAS, the amount of $200 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 $200 as the negotiated exchange of property tax revenues for the Cagle-Kennedy and City of Ukiah property, /~nnexation No.76-2 for fiscal year 1978-79, and b) The City Clerk is directed to forward a certified copy of this resolution to the Executive Office of the Mendocino County Local Agency Formation Commission and the Administrative Officer of the b'~ndocino County Board of Supervisors for action by the rsspective agencies. PASSED AND ADOPTED this Sth day of December, 1979 by the following roll call vote AYES: Councilmembers Hickey, Myers, Simpson, Brannon, Mayor Snyder NOES: None ABSENT: None ATTEST- TY CLERK