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HomeMy WebLinkAboutRESOLUTIONS - 01261982 - 82/134//IL IN THE BOARD OF SUPERVISG~S OF CONTRA COSTA COUNTY, STATE OF CALIFORNIA In the Matter of Special Di strict ) Property Tax Exchanges) RESOLUTION NO . 82/134 (Sec. 99.1, Revenue and Taxation Code) WHEREAS, Section 99.l of the Revenue and Taxation Code provides for an exchange of property tax revenue increases between local agencies, exclusive of school districts, when a special district extends services int o an area where no local agency is providing that service; and WHEREAS, the County of Contra Costa has negotiated a formula for such exchange of property tax revenue with the East B.ay Municipal Utility District and the Central Contra Costa Sanitary District, the concept of which was approved by this Board on April 7, 1981 to oe in effect through October 31, 1981 which date was-extended to April 30, 1982 by Board Order dated November 3, 1981; and WHEREAS -, in order to implement the tax exchange as negotiated the Cou·nty Auditor-Controller has developed specific formulas as-set forth in Exhibit A attached hereto and as illus- trated in Exhibit B attached hereto; NOW, THERE;FORE, BE IT RESOLVED: The formulas expressed in Exhioit A attached hereto are approved for use in calculating tax increment exchange1?· in annexation situations where Revenue and Taxation Code. Section 99.1 is applicable; A repres-entati've tax rate area shall be defined as one hayt_ng a s ·imilar comnination of agencies _ to that in the proposed annexation and sh.all be determined by the County Auditor-Controller; Unless· otherwise spe.cifically ordered by the Board, this :r;-esolut.ton s:ha)l apply· only to annexation to the Central Sanitary and Eas·t B.:3,y Municipal Utility Districts. Jf any local agency, for whom the Board is not authorized to ne.got,t_a,te. the tax transfer Ce. g. cities-) , does not adopt the txansfer a.rran<Jement per the formulas, then this agreement shall not apply. If an annexation involves at the same time both an annexa~· ti.on by a special district wherein Section 99.1 -R & Tis applicable and an annexation of unincorporated territory by a city, the tax exchange calculations shall be made _in the following sequence: first, the negotiated tax allocation factor shift to the city, then, per the formulas e xpressed in Exhibit A, the tax allocation factor shifts to the annexing district from all local agencies i_ncTuding the city. Tf the city does not agree to that transfer, then this agreement shall not apply. 'J~he policy stated in this resolution shall expire April 30, 1982. vote: PASSED by the Board on January 26, 1982 by the following AYES: Supervisors Powers, Fahden, Torlakson, Schroder NOES: None ABSENT: Supervisor McPeak Orig: A,uditor-Controllex cc: EBMUD Central San. Di:st. LA,FCO I,,.,.,. cettlfy that thl1 lat! true t11l'ldcorrecteopyof 1n act/on talc•n and entered on ·the mlnutea of the Board of Supervisors on the date shown. ATTESTED: -JAN 2 6 1982 By J.R. OLSSON, COUNTY CLERK and ex olliaio Clerk of the Board RESOLUTION NO. c,T~md a._J /!._j/2< . DepUly 82/134 EXHIBIT A FORMULAS FOR PROPERTY TAX EXCHANGES Section 99.1, Revenue and Taxation Code NOTE: "ATIAF" stands for Annual Tax Increment Allocation Factor (Revenue and Taxation Code sec. 98e) FACTORS: A= The annexing agency's ATIAF in the newly annexed territory. B = The factor by which each affected local agency's ATIAF is multiplied to determine the portion of each local agency's ATIAF to be transferred to the annexing agency. C = The annexing agency's ATIAF in a tax rate area presently served by that agency having a similar combination of agencies to that in the proposed annexation ("representative tax rate area"). L1 , L2, L3 etc. = The ATIAF's of the local agencies in the tax rate area being annexed whose ATIAF's are subject to transfer to the annexing agency. LT= The combined ATIAF's of those local agencies. Sl' s 2 , s 3 etc. = The ATIAF's of the jurisdictions whose ATIAF's are not subject to transfer (i.e. Schools) per R & T 99.1. ST= The combined ATIAF's of those agencies not subject to transfer. NL 1 , NL 2 , NL 3 etc. = The ATIAF of each local agency in the new tax rate area created by the annexation. FORMULAS: First, determine the annexing agency's ATIAF for the new tax rate area: A= C x (LT+ .5 x ST) Second, calculate the factor for reducing each local agency (excluding schools): B ==A ; LT Third, determine each local agency's ATIAF for the new tax rate area: NL 1 = L1 NL 2 = L2 etc . (Bx L1) (B x L 2) ,,.,,;1.J ti, EXHIBIT B Example of application of tax exchange formulas for R. & T. sec. 99.1 anne xations. ASSUMPTIONS: 1. Sanitation District Z is annexing territory. Its ATIAF in a tax rate area served by a similar combination of agencies is 5%. 2 . The ATIAFS in the t a x rate area, a portion of which is being annexed, is: (L1) County 25%} (L 2 ) City A ·15% LT = 55% (L 3) Special District B 6% (L4) Special District C 9% (S 1 ) School District D 35 %} ST = 45% (S 2) Community College District 10% Total 100% 100% ---- Ste p 1 A = C x (LT+ .5 x ST ) A = .05 X (.55 + .5 X .45) = .05 X .775 = .03875 Step 2 B = A 7 LT 8 = .03875 X (1 ~ .55) = ,03875 X 1.81818 = .07045 Ste p 3 County: NL 1 = L1 City A: NL2 = L2 (Bx L1) = .25 (Bx L2) = .15 (.0704 5 X .25) = .2 3239 = (.07045 X .15) = .13943 = · 2 3.239% 13. 943% Sp e c . Dist. B: NL 3 = L3 Spec. Dist. C: NL4 = L4 (Bx L3) = .06 (Bx L4) = .09 (.07045 X ,06) = .05577 = 5.577% (.07045 X .09) = ,08366 = 8 .366% Sa nita t i on Di strict Z (the a rtn e x i n g dis t rict, fac tor A, above ) School District D (uncha ng e d) Commun:i. ty College District (unc ha n ged) TOTAL 3 . 875 % 35.000% 10 .000% 100 .000 % ATI AF 's i n n ew t a x r a t e area j 'l"-/1.J t/