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HomeMy WebLinkAboutRES NO 5-85RESOLUTION NO. 5-85 A RESOLUTION OF THE COUNCIL OF THE CITY OF BAKERSFIELD PROVIDING FOR THE ADJUSTMENT OF PROPERTY TAX REVENUES UPON LOCAL AGENCY JURISDICTIONAL CHANGE RESULTING FROM ANNEXATION NO. 294, LAFCO PROCEEDING NO. 862 (PANAMA NO. 4). WHEREAS, Section 99 of the Revenue and Taxation Code (enacted by Chapter 282, amended by Chapter 1161, Statutes of 1979) provides that prior to the effective date of any local agency jurisdictional change, other than a city incorporation or formation of a new district as defined in Section 2215 of the Revenue and Taxation Code, the governing bodies of all agencies whose service areas or service responsibilities would be altered by such change shall determine the amount. of property tax revenues to be exchanged between and among such affected agencies; and WHEREAS, Section 99(b) of the Revenue and Taxation Code provides that no such jurisdictional change may become effective until each county and city included in such negotiation agrees, by resolution, to accept the negotiated exchange of property tax revenues; and WHEREAS, Section 99(b) of the Revenue and Taxation Code further provides that in the event that such a jurisdictional change affects the service area or service responsibility of one or more special districts, the Board of Supervisors of the county in which such district or districts are located shall, on behalf of the district or districts, negotiate any exchange of property tax revenues; and WHEREAS, the Kern County Local Agency Formation Commis- sion has requested that the Kern County Board of Supervisors and the City Council of the City of Bakersfield determine property tax revenues which should be exchanged between and among the local agencies involved in the pending jurisdictional change identified as: and CITY OF BAKERSFIELD Annexation NO. 294, (PANAMA NO. 4); LAFCO Proceeding No. 862 WHEREAS, the County Administrative Officer, on behalf of the Board of Supervisors, and the City Manager, on behalf of the City Council of the City of Bakersfield, have examined and conferred regarding the Notice of Filing regarding LAFCO Proceed- ing No. 862 and found and reported to their respective governing bodies the determinations set forth in this resolution. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Bakersfield as follows: 1. That, provided the Board of Supervisors of the County of Kern adopt a resolution concurring in determination made herein, a determination is hereby made that there will be no transfers of service responsibilities from local agencies currently serving City of Bakersfield Annexation No. 294 tion, except as follows: County of Kern General Fund to the City of Bakersfield in the area of the proposed by reason of such annexa- · Partial and, accordingly, that property tax revenues which may accrue within the tax rate areas comprising the proposed City of Bakersfield Annexation No. 294 for fiscal year 1984-85 and there- after should be transferred to the City of Bakersfield as follows: From County of Kern General Fund, that portion determined by multiplying the property tax revenues received by the County of Kern General Fund from the area of the proposed annexation in fiscal year 1984-85 by the quotient determined by dividing the amount of property tax revenues received by the City of Bakersfield in fiscal year 1984-85 by the sum of the amount of prop- erty tax revenues received by the County of Kern General Fund from within the City of Bakersfield in fiscal year 1984-85 plus the amount of property tax revenues received by the City of Bakersfield in fiscal year 1984-85. 2. The Clerk of the City of Bakersfield is directed to inform the Board of Supervisors of the County of Kern, the managers of the service areas named herein, the Kern County Local Agency Formation Commission, and the Kern County Auditor-Controller of the aforesaid determination by transmittal to them of certified copies of this resolution. .......... 000 .......... I HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of regular meeting thereof held on the the following vote: the City of Bakersfield at a 9th day of January, 1985, by Council of the City of Bakersfield APPROVED this 9th day of January, 1985 MAYOR of the City o¢ Bakersfield APPROVED as to form: C~TY AT~P~RNEY of fhe City of Bakersfield GK/RJO/bl 4. JURISDICTIONA~ CHANGE WORF~311EET. LAFCO ProceedinE No. f& ~. Worksheet / of ~ T~ Rate Areas In Area 'Settee Coat Amo~ to Amount to Tr~sfer Retain Covered by R~tio' J is. Revenue ~'Baee Amount"~ ~ ~ ~ ~ ~ ~ ' Factor J ~. ff ~ z o, . . _ (a) Prior leer Proper~y T~ ~/~ fi, ~ ~ lb) A~ual T~ Increment -- (a) Prior Ie~ Revenue ('Base Amour") ~ " (b) Annual T~ Increment Factor ~a} Prior Ie~ ~operty T~ Revenue {'Base (b) Annual T~ Increment Factor (a) Prior le~ Property T~ Revenue ("Baae Amount") - ~ (b) A~ual ~ Increment Factor (a) Prior Ye~ Property T~ Revenue ('Base ~o~t") .. (b) Annual T~ Increment Factor Total (a) Prior Ye~ Property ....... Revenue ~"Base (b) A~ual T~ Increment Average Factor *,Computation of Service Cost Ratio:, Property Tax Received by City Property Tax Received by County in City +. Property Tax Rec~ive~_by, City KCAO Rev. 11/82