HomeMy WebLinkAboutAgenda Statement 1984/09/25 Item 12 •
COUNCIL AGENDA STATEMENT
Item 12
Meeting Date 9/25/84
ITEM TITLE: Resolution //777-:.— Regarding Negotiated Property Tax
Exchange Relating to Jurisdictional Changes - Lower Sweetwater
Reorganization (City of Chula Vista)
SUBMITTED BY: Director of Planning (QV (4/5ths Vote: Yes No x )
REVIEWED BY: City Manager(/
:./
The City Council, at its regular meeting of August 21, 1984, adopted
Resolution No. 11742 consenting to negotiate with the County of San Diego
outside the bounds of the Master Property Tax Exchange Agreement for the
proposed Lower Sweetwater Reorganization.
The County and LAFCO, after reviewing the subject resolution, recommended that
it should be amended to include more specific language regarding the
methodology of property tax exchange for the proposed reorganization. The
attached amended resolution is in conformance with a similar resolution
adopted by the County Board of Supervisors on August 21, 1984.
RECOMMENDATION: That Council adopt the attached resolution.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
The subject reorganization proposal was filed with the Local Agency Formation
Commission on August 29, 1984. Prior to the Commission's consideration of the
proposal, the City and County must adopt similar resolutions specifying the
methodology to be used in determining the allocation of base property taxes
and the annual tax increment. Council Resolution No. 11742, adopted on August
21, 1984, is substantially similar to that of the County's, but needs to be
amended to include more specific language regarding the property tax exchange
methodology.
The County's resolution was forwarded to the County Auditor, who will
ultimately determine the allocation of property taxes based on the methodology
described in said resolution. The City's resolution must now be amended to
include the following language in order to promote conformity and the orderly
processing of the subject reorganization proposal.
"The methodology used to determine the property tax exchange for the proposed
reorganization will be as follows. All of the base and all of the annual tax
increment from the detaching special districts (Lower
Protection District, County Librar , and County Flood Control SDistrict) shall
be transferred to the City of Chula Vista. The County General Property Tax is
not changed."
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• Page 2, Item 12
Meeting Date 9/25/84
FISCAL IMPACT: It has been estimated through negotiations with the County
(outside the bounds of the Master Agreement) , that the City will receive
between $5,000 and $6,000 of revenue from all revenue sources including base
year property taxes from the proposal area post annexation. In addition, in
future years the City would receive 41% of the area's growth in value (annual
tax increment) .
It should be noted that the property tax portion of the estimated revenue will
be ultimately determined by the County Auditor in accordance with the
methodology agreed upon by the City and County.
WPC 1303P
.117 -
{ by tine City Council of
Chula Vista, Ca!i or„ia
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