HomeMy WebLinkAbout94-031
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RESOLUTION NO, 94-3
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
REQUESTING INCLUSION OF THE CITY IN THE ALTERNATIVE
METHOD OF PROPERTY TAX DISTRIBUTION ('TEETER PLAN")
WHEREAS, state law authorizes counties to adopt an alternative procedure for the
distribution of property tax revenue, commonly known as the 'Teeter Plan," pursuant to
Revenue and Taxation Code Sections 4701 et seq.; and
WHEREAS, the Mendocino County Board of Supervisors adopted the "Teeter Plan"
on July 6, 1993; and
WHEREAS, state law requires that the City authorize the application of the Teeter
Plan to tax revenue due this City; and
WHEREAS, this Board has reviewed material presented by the County Auditor-
Controller and has determined that adoption of the Teeter Plan by the County of
Mendocino and appllcatian of the Teeter Plan to this City would provide one-time
property taxes of approximately $82,320, simplify the tax apportionment process, and
result in Increased stability and predictability of property tax revenue, to the benefit of
this City.
NOW, THEREFORE, BE IT RESOLVED that the Mendoclno County Auditor-Controller
is authorized and directed to allocate current secured tax revenue due this City
according to the Alternative Method of Property Tax Distribution ('Teeter Plan").
PASSED AND ADOPTED this 7th day of
following roll call vote:
AYES: Councilmember$ Mastin, Malone
NOES: None
ABSENT: Councilmember Wattenburger
ABSTAIN: Councilmember Shoemaker
4:CM:RES.TEETER
July , 1993, by the
and Mayor Schneiter