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HomeMy WebLinkAboutReso 1985-11922 RESOLUTION NO. 11922 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING A NEGOTIATED PROPERTY TAX EXCHANGE RELATING TO THE BONITA LONG CANYON ESTATES ANNEXATION The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, Bonita Long Canyon Estates was annexed to the City during the latter part of 1982, and WHEREAS, the subject property was not detached from the San Diego County Flood Control District because concerns were expressed by downstream property owners and the County of San Diego that development of the property would impact other lands downstream, and WHEREAS, the developer of filed an application with LAFCO to County Flood Control District, and the property, McMillin, has detach the property from the WHEREAS, Revenue and Taxation Code Section 99 requires the negotiation of any exchange of property tax revenues occa- sioned by jurisdictional changes between the areas affected, and WHEREAS, under such circumstances the Board of Super- visors is authorized to negotiate such property tax revenue exchanges on behalf of service areas or special district, and WHREAS, the Board of Supervisors has negotiated with the affected special districts and city to determine an equitable exchange of property tax revenues applicable to such juris- dictional changes as shown in Exhibi t "A", attached hereto and incorporated herein by reference as if set forth in full, and WHEREAS, the County Board of Supervisors has approved a negotiated property tax distribution formula that differs from the Master Property Tax Agreement in effect in 1982 as well as the new agreement approved in November, 1984. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby approve a negotiated property tax exchange relating to Bonita Long Canyon Estates as set forth in Exhibit "A". Presented by Approved as to form by ~Ass~stant Manager ~ --1- I .>,' /)"("1 /..'If ;.~'--'< l ,/'-.. / _,,__ c, ,,!.-...._.. It" _< . Th~as J. ~arS0n, City Attorney City ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 5th day of February 19 85 ,by the following vote, to_it: Malcolm, McCandliss, Scott, Moore, Cox None AYES: Councilmen NAYES: Councilmen ABSTAIN: Coll1cilmen ABSENT: Councilmen None None 1~_~.. 12. r1 MayorUOf de City of Chula Vista AT~jJ;,~~ City Clerk - STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) s s. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Churo Vista, California, DO HEREBY CERTIFY that the above and foregoing is a fuJi, true and correct copy of RESOLUTION NO. 11922 ,and that the same has not been amended or repealed. DATED (sear) City Clerk CC-660 EXHIBIT "A" ------ --- - - - --- ------- Negotiated Property Tax Distribution Allocation of Base Revenue & Annual Tax Increment (ATI) LAFCo Proposal: Bonita Long Canyon Estates Detachment from San Diego County Flood Control District Zone (Ref. No. DD84-3) Tax Rate Area: 01118 Current Base Current ATI Proposed Base Proposed ATI Jurisdictions Involved Distribution Distribution Distr ibution Distribution County General $12,974 .19373256 $13,420 .20039728 San Diego F1Qod Control 756 .01129616 0 .00000000 District Zone 3 City of Chula Vista 9,253 .13 277 4 50 9,563 .13740594 All Other Taxing 53,236 .79497128 53,236 .79497128 Jurisdictions $66,966 1. 00000000 $66,966 1. 00000000 Basis for Transfer: It was agreed that the Flood Control District share of base and ATI would be split and allocated according to the historic City (41%) I County (59%) ratio, the same as if the allocation was done under the MPTA in conjunction with annexations. 'f-,a..?- ~.\