HomeMy WebLinkAboutAgenda Statement 1986/06/10 Item 14 COUNCIL AGENDA STATEMENT
Item 14
Meeting Date 6/10/86
ITEM TITLE: Resolution / r7;7 Approving the negotiated property tax
exchange relating to the Palomar/Bay Boulevard reorganization
SUBMITTED BY: Director of Finance ,
Director of Planning 1�
REVIEWED BY: City Manager l6 (4/5ths Vote: Yes No X )
On November 5, 1985, the City Council initiated the reorganization of 63.1
acres of uninhabited land currently located within the jurisdictional
boundaries of the City of San Diego. The property is situated on the west
side of Bay Boulevard and immediately north of Palomar Street extended. A
property tax exchange is required before LAFCO can act on the reorganization.
RECOMMENDATION: Adopt the resolution.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
A number of actions have occurred with respect to this reorganization thus
far. The General Plan designation and prezoning have been established. The
City of San Diego has consented to the detachment. LAFCO Commission action is
pending July 7, 1986, once their staff is in receipt of property tax
resolutions from each City, San Diego and Chula Vista. The City of San Diego
is expected to adopt a similar resolution on June 10, 1986. This is the final
action required to move this item forward to public hearing before LAFCO. The
total property tax is proposed to revert to the City of Chula Vista.
FISCAL IMPACT: A total of $ 1 ,169 will be reallocated to the City of Chula
Vista.
WPC 2868P
by th, 'r`ity Council of
Chula Vista, California
/0 9 r
EXHIBIT "A"
NEGOTIATED PROPERTY TAX DISTRIBUTION
LAFCO Proposal : Palomar/Bay Boulevard Reorganization
LAFCO Number: R085-22
Proposed Proposed
Current Base Current Annual Base Annual Tax
Local Agencies Distribution Tax Increment Distribution Increment
County General $2,087 .25778854 $2,087 .25778854
San Diego Unified Port District -0- .00000000 -0- .00000000
City of San Diego (Detach) 1,669 .20629439 -0- .00000000
City of Chula Vista (Annex) -0- .00000000 1,669 .20629439
All Other Taxing Agencies 4,337 .53591707 4,337 .53591707
$8,093 1.00000000 $8,093 1.00000000
Basis for Exchange: The current base taxes received by the detaching City are
being reallocated to the annexing City. The annual tax increment formerly received
by the detaching City is being reallocated to the annexing City of Chula Vista.
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