HomeMy WebLinkAboutR-11559 accepting a negotiated exchange of Tax Revenue and annual tax increment between SLO County aR 11559
RESOLUTION NO. 11559 (2025 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, ACCEPTING A NEGOTIATED EXCHANGE OF
TAX REVENUE AND ANNUAL TAX INCREMENT BETWEEN THE
COUNTY OF SAN LUIS OBISPO AND THE CITY OF SAN LUIS OBISPO
FOR DETACHMENT #04 (SLACK STREET AND HATHWAY) FROM THE
CITY OF SAN LUIS OBISPO
WHEREAS, the City of San Luis Obispo, a charter city and municipal corporation,
wishes to move forward with the detachment of the Slack Street and Hathway area; and
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, 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 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 properties being detached (Slack Street right-of-way and Hathway
Parcel No. 052-082-028) are currently owned by the State of California and/or consist of
existing right-of-way and are therefore exempt from property taxation; and
WHEREAS, the City of San Luis Obispo is currently allocated 14.880123 percent
of the property tax generated in the subject property; and
WHEREAS, the negotiations have taken place concerning the transfer of tax
revenues and annual tax increments between the County of San Luis Obispo and the City
of San Luis Obispo pursuant to Section 99(a)(1) for the jurisdictional change designated
as Detachment No. 04 from the City of San Luis Obispo (Slack Street and Hathway); and
WHEREAS, the negotiating parties, to wit: Lisa Howe, Division Manager, County
of San Luis Obispo, on behalf of the County and Emily Jackson, Finance Director, City of
San Luis Obispo, on behalf of the City have negotiated the exchange of tax revenue and
annual tax increments between such entities as hereinafter set forth; and
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WHEREAS, it is in the public interest that such a negotiated exchange of tax
revenues and annual tax increments be consummated.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis
Obispo as follows:
SECTION 1. Agreement. The City Council agrees to accept the following
negotiated exchange of property tax revenues:
1. The City shall transfer the City’s currently allocated percent (14.880123) of
property taxes generated in the subject property to the County of San Luis
Obispo.
2. Annual tax increments shall be transferred from the City of San Luis Obispo to
the County of San Luis Obispo effective the roll year specified by the California
Board of Equalization, anticipated fiscal year 2025-26, after transfers to the
Educational Revenue Augmentation Fund (ERAF).
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SECTION 2. Transmittal. The City Clerk is authorized and directed to transmit a
certified copy of the 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:
Upon motion of Vice Mayor Shoresman, seconded by Council Member Francis,
and on the following roll call vote:
AYES: Council Member Boswell, Francis, Marx, Vice Mayor Shoresman,
and Mayor Stewart
NOES: None
ABSENT: None
The foregoing resolution was adopted this 29th day of April 2025.
___________________________
Mayor Erica A. Stewart
ATTEST:
__________________________
Teresa Purrington
City Clerk
APPROVED AS TO FORM:
___________________________
J. Christine Dietrick
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of San Luis Obispo, California, on ______________________.
___________________________
Teresa Purrington
City Clerk
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5/1/2025 | 9:54 AM PDT
CERTIFICATION
I, Teresa Purrington, City Clerk, do hereby certify under penalty of perjury the
foregoing instrument to be a full, true, and correct copy of Resolution No. 11559 (2025
Series), adopted by the San Luis Obispo City Council on April 29, 2025, now on file in
my office.
WITNESS MY HAND AND THE SEAL OF THE CITY OF SAN LUIS OBISPO.
DATED: April 30, 2025
Teresa Purrington
City Clerk
City of San Luis Obispo
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