HomeMy WebLinkAboutResolution 46-84 RESOLUTION NO. 46-84
RESOLUTION ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY
TAX REVENUE AND ANNUAL TAX INCREMENT
FROM: County of San Luis Obispo
TO: City of Atascadero
WHEREAS, in the case of a jurisdictional change other than a city
incorporation or district formation which will alter the service area
or responsibility of a local agency, Revenue- and Taxation Code Section
99 (b) requires that the amount of property tax revenue to be exchanged
if any, and the amount of annual tax increment to be exchanged among
the affected local agencies, shall be determined by negotiation; and
WHEREAS, when a city is involved, the negotiations are conducted
between the city and the Board of Supervisors for the County; and
WHEREAS, Revenue and Taxation Code Section 99 (b) requires that
each local agency, upon completion of negotiations, adopt resolutions
whereby said local agencies agree to accept the negotiated exchange of
property tax revenues, if any, and annual tax increment and requires
that each local agency transmit a copy of each such resolution to the
Executive Officer of the Local Agency Formation Commission; and
WHEREAS, no later than the date on which the certificate of com-
pletion of the jurisdictional change is recorded with the County Re-
corder, the Executive Officer shall notify the County Auditor of the
exchange of property tax revenues by transmitting a copy of said reso-
lutions to him and the County Auditor shall thereafter make the appro-
priate adjustments as required by law; and
WHEREAS, the negotiations have taken place concerning the transfer
of property tax revenues and annual tax increment between the County
of San Luis Obispo and the City of Atascadero pursuant to Section
99 (b) for the jurisdictional change designated as Annexation No. 4 to
the City of Atascadero; and
WHEREAS, the negotiating parties, to-wit: Kerry E. Harms, Deputy
County Administrator, County of San Luis Obispo, and Ralph H. Dowell,
Jr. , Acting City Manager , City of Atascadero, have negotiated the ex-
change of property tax revenue and annual tax increment between such
entities as hereinafter set forth; and
WHEREAS, it is in the public interest that such negotiated ex-
change of property tax revenues and annual tax increment be consumated
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the City Council of
the City of Atascadero, as follows:
Resolution No. 46-84
APPROVED AST FORM:
ALLEN GRIMES, City Attorney
APPZ7 AS TO CO T
RALPH H. DOWELL, JR.
Acting City Manager
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