HomeMy WebLinkAboutReso 1996-18261 RESOLUTION NO, 18261
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE PROPERTY TAX AGREEMENT
BETWEEN THE CITY AND THE COUNTY OF SAN DIEGO FOR
THE OTAY RANCH
WHEREAS, the proposed Property Tax Transfer Agreement between the City of Chula
Vista and the County of San Diego sets forth the financial terms and conditions to be applied
to those portions of the Otay Ranch which are included in the City's current Sphere of
Influence (as amended in February 1996) as well as the portions of Otay Ranch that are
anticipated to be added to the City's Sphere of Influence at an upcoming LAFCO meeting; and
WHEREAS, the geographic areas covered by this agreement are: (1) the western (Otay
Valley) parcel which includes all Otay Ranch parcels west of the Lower Otay Lakes Reservoir,
(2) the "Inverted L" parcel north of the Upper Otay Lakes Reservoir, and (3) the Mary Birch
Patrick ranchhouse area south of the Upper Otay Lakes Reservoir as detailed in Exhibit A; and
WHEREAS, the City and County entered into a Master Property Tax Transfer
Agreement in 1984 which covers smaller, more routine annexations and under the terms of
that agreement, the City receives 41% of the pooled property tax (i.e. the combined property
tax revenue received by the County and special districts) and the County retains 59%; and
WHEREAS, the Master Property Tax Transfer Agreement does not, however, apply to
annexations which have an assessed value of 935 million or more on the current equalized tax
rolls, and the General Development Plan/Subregional plan for the Otay Ranch specifies that
a separate property tax agreement will be negotiated by the City and County for annexations
within the Otay Ranch; and
WHEREAS, as such, the proposed Property Tax Transfer Agreement was negotiated
to cover the aforementioned areas of Otay Ranch; and
WHEREAS, under the provisions of the proposed Property Tax Agreement, staff
estimates that over a 30-year period the City may receive about 937.6 million more than we
would receive under the terms of the 1984 Master Property Tax Agreement; and
WHEREAS, the proposed Property Tax Agreement is also contingent on LAFCO
amending the City's Sphere of Influence and on the approval of a separate Landfill Agreement
by both the City and the County; and
WHEREAS, both the Landfill Agreement and the Property Tax Agreement, as well as
the Sphere of Influence issue regarding the panhandle area, are scheduled to be considered
by the Board of Supervisors on May 15, 1996,
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve the Property Tax Agreement between the City of Chula Vista and the County
of San Diego for Otay Ranch, on file in the office of the City Clerk as Document No. C096-
060.
Resolution 18261
Page 2
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said Agreement for and on behalf of the City of Chula
Vista.
Presented by r y
Resolution 18261
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Exhibit A
Resolution 18261
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T
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14th day of May, 1996, by the following vote:
AYES: Councilmembers: Alevy, Moot, Padilia, Rindone, Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shirle~/ Horton, Mayor
ATTEST:
Beverly A.~uthelet, City Clerk I
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18261 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 14th day of May,
1996.
Executed this 14th day of May, 1996.
Beverly A,t~uthelet, City Clerk