HomeMy WebLinkAboutReso 1985-11955
RESOLUTION NO. 11955
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
APPROVING A NEGOTIATED PROPERTY TAX EXCHANGE RELATING
TO THE PALOMAR/BROADWAY ANNEXATION
The Ci ty Council of the City of Chul a Vi sta does hereby resol ve as
foll ows:
WHEREAS, Revenue and Taxation Code Section 99 requires the
negoti ati on of any exchange of property tax revenues occasi oned by
jurisdictional changes between the areas affected; and
WHEREAS, under such circumstances the Board of Supervisors is
authori zed to negoti ate such property tax revenues exchanges on behalf of
service areas or special districts; and
WHEREAS, the Board of Supervisors has negotiated with the affected
special districts and City to determine an equitable exchange of property tax
revenues appl icable to such jurisdictional changes as shown in Exhibit A,
attached hereto and incorporated herein by reference as if set forth in full;
and
WHEREAS, the County Board of Superv; sors has approved a negoti ated
property tax distribution formula that differs from the current master
property tax a9reement 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 related to
the Palomar/Broadway annexation, as set forth in Exhibit A.
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Assistant City Manager
APPROVED AS TO FORM BY:
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Ci ty Attorney
PRESENTED BY:
WPC 9005A
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 12th
19 85 , by the following vote, to-wit:
day of
March
AYES: Councilmen
NAYES: Councilmen
ABSTAIN: Councilmen
ABSENT: Councilmen
McCandliss, Scott, Moore, Cox, Malcolm
None
None
None
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Mayor of the/ City of Chula Vista
ATTEST~$~
t/' 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 Chulo Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 11955
,and that the same has not been amended or repealed.
DATED
(seal)
City Clerk
CC-660
.
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EXHIBIT A
NEGOTIATED PROPERTY TAX DISTRIBUTION
ALLOCATION OF ANNUAL TAX INCREMENT (ATI)
LAFCo Proposal: Broadway/Palomar Street Reorganization (R084-32)
Current Current Proposed Proposed
Base AT! Base AT!
Local Aqencies Revenue Distribution Revenue Distribution
County General $15,640 .24942783 $29,924 .47726330
County Li brary 962 .01533760 0 .00000000
Montgomery Fire Protection District 12,609 .20111 022 0 .00000000
Flood Control District Zone 3 577 .00921586 0 .00000000
C.S.A. 62 136 .00217179 0 .00000000
City of Chula Vista 0 .00000000 0 .00000000
All Other Taxing Jurisdictions 32,775 .52273670 $32,775 .52273670
$62,699 1. 00000000 $62,699 1.00000000
Basis for Transfer: County will retain all of its own property tax revenue
and will receive all of the property tax revenue from the detaching special
districts.
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