HomeMy WebLinkAboutCC RESO 14,811RESOLUTION NO. 14.811
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NATIONAL CITY REGARDING NEGOTIATED PROPERTY TAX
EXCHANGES IN RELATION TO THE LINCOLN ACRES ANNEXATION
WHEREAS. Section 99 of the Revenue and Taxation Code requires the
negotiation of any exchange of property tax revenue occasioned by jurisdictional
changes between the areas affected; and
WHEREAS. under such circumstances the City Council of the City of
National City is authorized to negotiate such property tax exchanges; and
WHEREAS, the Lincoln Acres Annexation (Annexation Case sisIe-RtT-
85-16) is now being proposed; and
WHEREAS. a "MASTER PROPERTY TAX AGREEMENT" was made and
entered into by and between the County of San Diego and the various Cities
within the County for the exchange of property tax revenues as to all
unresolved jurisdictional changes submitted to the Local Agency Formation
Commission on or after November 2, 1984. and as to all future jurisdictional
changes completed during the term of and within the limits of the Agreement;
and
WHEREAS, the Lincoln Acres Annexation is not within the limits of
the Master Property Tax Agreement since it involves the dissolution of the
Lower Sweetwater Fire Protection District; and
WHEREAS, the County Auditor and Controller has prepared a report,
attached hereto as Exhibit "A", showing the exchange of annual tax increment
and the transfer of base revenue as determined under the provisions of the
Master Property Tax Agreement.
NOW. THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that the Lincoln Acres Annexation (Annexation Case No. RO
85-16) shall be determined under the Master Property Tax Agreement formula.
BE IT FURTHER RESOLVED that the City Clerk shall, on behalf of
the City. notify the County Auditor and Controller and LAFCO by sending them
a copy of this resolution.
PASSED and ADOPTED this loth day of December, Jrj385.
Kile Morgan. Mar
ATTEST:
c
Ion: Campbell. City TA
A'PROVED AS TO FO: M:
George H. Eiser, III - City Attorney
EXHIBIT "A"
INFFORMATION REGARDING JURISDICTIONAL CHANGE SUBJECT
TO THE MASTER PROPERTY TAX TRANSFER AGREEMENT
Original
Property
Tax Base
Local Aaencies Revenue
County General 32.270
County Library 1,972
Lower Sweetwater
Fire Protection Dist. 66,763
San Diego Unified
Port District -0-
San Diego
Flooa Control 1,184
City of National City -0-
Spring Valley
Sanitation District -0-
Ali Other Taxing
Jurisdictions 69,839
Property Tax
Base Revenue
Master
Property Tax
Agreement
Adjustment
22.913
(1,972)
(66,763)
(1,184)
47,006
Tax Base
After Revenue
Adjustment
55,183
47,006
69,839
Original
Annual Tax
Increment
Fund Ratio
.18757940
.01146660
.38809587
.00000000
.00688288
.00000000
.00000000
.40597525
Annual Tax
Increment
Fund Ratio
After Master
Property Tax
Agreement
Adjustment'
.32077854
.00000000
.00000000
. 00000000
. 00000000
.27324621
.00000000
.40597525
172.028 -0- 172,028 1.00000000 1.00000000