R 4611RESOLUTION NO. 4611
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE ACCEPTING NEGOTIATED
EXCHANGE OF PROPERTY TAX REVENUE AND
ANNUAL TAX INCREMENT BETWEEN THE CITY OF
ARROYO GRANDE AND COUNTY OF SAN LUIS
OBISPO
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(a)(1) 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
council and the board of supervisors of the county; and
WHEREAS, Revenue and Taxation Code Section 99(b)(6) 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 completion of the
jurisdictional change is recorded with the County Recorder, the Executive Officer shall
notify the County Auditor of the exchange of property tax revenues by transmitting a
copy of said resolutions to him and the County Auditor shall thereafter make the
appropriate adjustments as required by law; and
WHEREAS, the negotiations have taken place concerning the transfer of property tax
revenues and annual tax increments between the City of Arroyo Grande and the County
of San Luis Obispo pursuant to Section 99(a)(1) for the jurisdictional change designated
as Annexation No. 31 to the City of Arroyo Grande (Heights at Vista Del Mar); and
WHEREAS, the negotiating party, to wit: Steven Adams, City Manager, on behalf of the
City of Arroyo Grande, and Emily Jackson, Administrative Analyst, on behalf of the
County of San Luis Obispo have negotiated the exchange of property tax revenue and
annual tax increments between such entities as hereinafter set forth; and
WHEREAS, it is in the public interest that such negotiated exchange of property tax
revenues and annual tax increments be consummated.
RESOLUTION NO. 4611
PAGE 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arroyo
Grande as follows:
1) That the recitals set forth above are true, correct and valid.
2) That the City of Arroyo Grande agrees to accept the following negotiated
exchange of base property tax revenues and annual tax increments.
a) No base property tax revenue shall be transferred from the County of San
Luis Obispo to the City of Arroyo Grande.
b) Annual tax increments shall be transferred from the County of San Luis
Obispo to the City of Arroyo Grande in the fiscal year 2015 -2016 and each
fiscal year thereafter in the amount of 12.2238 percent of the increment
remaining after transfers to the Education Revenue Augmentation Fund
(ERAF).
3) That the City Clerk is authorized and directed to transmit a certified copy of this
Resolution to the Executive Officer of the San Luis Obispo Local Agency
Formation Commission, who shall then distribute copies in the manner
prescribed by law.
On motion of Council Member Brown, seconded by Council Member Barneich, and on
the following roll call vote, to wit:
AYES: Council Members Brown, Barneich, Costello, Guthrie, and Mayor Ferrara
NOES: None
ABSENT: None
The foregoing Resolution was passed and adopted this 8th day of July 2014.
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RESOLUTION NO. 4/6//
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ATTEST:
APPROVED AS TO CONTENT:
STEVEN - ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TIMO HY J. CAITMEL, CITY ATTORNEY
OFFICIAL CERTIFICATION
I, KITTY NORTON, Deputy City. Clerk of the City of Arroyo Grande, County of
San Luis Obispo, State of California, do hereby certify under penalty of perjury,
that Resolution No. 4611 is a true, full, and correct copy of said Resolution
passed and ado�ted at a regular meeting of the City Council of the City of Arroyo
Grande on the 8 n day of July 2014.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 10th
day of July 2014.
—70)ro
KITTY NokTON, DEPUTY CITY CLERK