R 3420
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RESOLUTION NO. 3420
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE ACCEPTING NEGOTIATED
EXCHANGE OF PROPERTY TAX REVENUE AND
ANNUAL TAX INCREMENT AMONG THE CITY OF
ARROYO GRANDE, THE COUNTY OF SAN lUIS
OBISPO, AND THE SOUTH SAN lUIS OBISPO COUNTY
SANITATION DISTRICT - ANNEXATION 28 (VILLAGE.
GLEN)
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 propert~ 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 Commissi~n; 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 increment between the County of San Luis Obispo and the
City of Arroyo Grande pursuant to Section 99{a){1) for the jurisdictional change
designated as Annexation No. 28 to the City of Arroyo Grande (ViI,lage Glen) and to the
South San Luis Obispo County Sanitation District; and
WHEREAS, the negotiating party, to wit: Lee Williams, Principal Administrative Analyst,
County of San Luis Obispo, on behalf of the County and Robert L. Hunt, City Manager,
on behalf of the City of Arroyo Grande have negotiated the exchange of property tax
revenue and annual tax increment between such entities as hereinafter set forth; and
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RESOLUTION NO. -
PAGE 2
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WHEREAS, it is in the public interest that such negotiated exchange of property tax
revenues and annual tax increment be consummated.
NOW, THEREFORE BE IT RESOLVED by the City Council of the C{ty 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 tax revenues and annual tax increment:
(a) No base property tax revenue shall be transferred from the County of San
, Luis Obispo to the City of Arroyo Grande or to the South San Luis Obispo
County Sanitation District.
(b) Tax increment shall be in the amount of 12.27845 percent, before ERAF
calculation, shall be transferred from the County of San Luis Obispo to the
City of Arroyo Grande in the fiscal year 2000-2001 and in any fiscal year
,. thereafter. No tax increment will be transferred to the South San Luis
.
. Obispo County Sanitation District.
(c) After the City portion is transferred, all annual tax increment for the
County Road Fund shall be transferred to the County General Fund.
3. Upon receipt of a certified copy of this Resolution and a copy of the recorded
Certificate of Completion, the County Auditor shall make the, appropriate
adjustments to property tax revenues and annual tax increments as set forth
above.
4. That the Director of Administrative Services 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 Tolley, seconded by Council Member Runels, and on the
following roll call vote, to wit:
AYES: Council Members Tolley, Runels, Dickens, Ferrara, and Mayor Lady
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 14th day of December 1999.
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RESOLUTION NO.
PAGE 3
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ATTEST:
UOiUL-
- - MORE, ADMINISTRATIVE SERVICES DIRECTORl
DEPUTY CITY CLERK
APPROVED AS TO CONTENT:
~bL.~
ROBERT L. HUNT, CITY MANAGER
APPROVED AS TO FORM:
RESOLUTION NO. 3420
OFFICIAL CERTIFICATION
I, KELLY WETMORE, Director of Administrative Services/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. 3420 is a true, full,
and correct copy of said Resolution passed and adopted at a regular meeting of
the City Council of the City of Arroyo Grande on the 14th day of Dec~mber, 1999.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 15th
day of December, 1999.
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RE, DIRECTOR OF ADMINISTRATIVE SERVICESI
DEPUTY CITY CLERK
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