HomeMy WebLinkAboutRES NO 03-86RESOLUTION NO. 3-86
A RESOLUTION OF THE COUNCIL OF THE CITY OF
BAKERSFIELD SUPPORTING LEAGUE OF CALIFORNIA
CITIES' RESOLUTION NO. 71 AND LEGISLATION
REGARDING DISTRIBUTION OF PROPERTY TAXES UPON
ANNEXATION FOR PURPOSES OF URBAN DEVELOPMENT
OF PREVIOUSLY UNDEVELOPED PROPERTY.
WHEREAS, as a consequence of legislation enacted in 1979
upon annexation of undeveloped property for purposes of urban
development, the resulting distribution of property taxes from
such property gives cities and counties less property tax revenue
than they receive from any other property, often as much as 20%
to 30% of taxes normally received, and produces a windfall of
revenue to state government; and
WHEREAS, League of California Cities' Resolution No. 71
supports legislation to provide that property taxes upon
undeveloped property in areas newly annexed will be distributed
in a manner similar to distribution of property taxes for areas
already located in the annexing city; and
WHEREAS, corrective legislation is needed to prevent
such a windfall to the state, to stabilize local government
revenues, and to encourage economic development and new housing.
NOW, THEREFORE, BE IT RESOLVED that the Council of the
City of Bakersfield supports League of California Cities'
Resolution No. 71 and legislation referenced therein.
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I HEREBY CERTIFY that the foregoing Resolution was
passed and adopted by the Council of the City of Bakersfield at a
regular meeting thereof held on the 8th day of January,
1986, by the following vote:
CITY CLERK and Ex Officio Clerk of the
Council of the City of Bakersfield
APPROVED this 8th day of January, 1986
MAYOR of the City of Bakersfield
APPROVED as to form:
[~.-'/. ~y~..~L~
C~TY ATTORNEY o~ the City of Bakersfield
AJS/mro
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