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HomeMy WebLinkAbout80-22 1 2 4 6 7 8 9 10 11 12 1:~ 14 16 17 18 19 20 21 22 24 25 26 27 29 :~0 ~kTTEST: WHEREAS, the City Council of the City of Ukiah, by Resolution No. 79-57 ordered annexation of the territory known as Orchard. Avenue South, Annexation No. 78-6, 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 annexation, and I~REAS, 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 equivalent tax rates for affected agencies within the territory to be annexed indicates that the City should receive 10.575% of the taxes generated within this annexation area, and WHERF~S, the amount of $340 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 $340 as the negotiated exchange of property tax revenues for the Orchard Avenue South annexation No. 78-6 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 Hendocino County Local Agency Formation Commission and the Administrative Officer of the Hendocino County Board of Supervisors for action by the respective agencies. PASSED ANDADOPTED this 7th day of November, 1979 by the following roll call vote: AYES:Councilmembers Hickey, Myers, Simpson, Mayor Snyder NOES: None ABSENT: Councilman Brannon RESOLUTION NO.~ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH ACCEPTING THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES FOR THE ORCHARD AVENUE SOUTH ANNE~TION (NO. 78-6) CITY OF UKIAH CO,~JNITY DEVELOPbIENT DEPARTMENT NO--ER 1, 1979 ORCHARD AVENUE SOUTH ANNEXATION NEGOTIATED TAX SHIFT ANALYSIS Because this annexation would not significantly affect any revenue sources for the County or the Ukiah Valley Fire Protection District, other than property tax revenues, this negotiated shift need reflect only the shifts of responsibility for providing services. Once this area is annexed, it will be placed in a new tax code area. The total Equivalent Tax Rate (ETR) for this tax code area will be $4.23. The City's ETR will be $.40 which is 10.575% of the total. Thus, under ABS, tlm City will receive 10.575% of all revenues generated by changes in assessed valuation. In order for the City to receive the same share of those revenues generated by the existing assessed valuation, the same percentage (10.575%) was applied. .existing assessed valuation: $80,270.00 .revenues derived: 3,210.80 shift to City (10.575%): 339.54 As this annexation includes a detachment from the Fire District, the shift to the City should come from that District as well as from the County, in proportion to t]~ respective ETRs. .County General Tax .Ukiah Valley Fire Protection Dist. ETR PERCENT OF TOTAL ETR $ .14 10% $1.38 100% Thus the negotiated shifts to the City are as follows (in round figures): .from County .from Fire District Total to City $306 $ 34 $340 $1.24 90%