HomeMy WebLinkAboutR-11170 accepting a negotiated exchange of tax revenue and annual tax increment for Annexation No. 81 (Fiero Ln & East Airport Areas)R 11170
RESOLUTION NO. 11170 (2020 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 ANNEXATION NO. 81 (FIERO LANE AND EAST AIRPORT
AREAS), AS REPRESENTED IN THE STAFF REPORT AND
ATTACHMENTS DATED OCTOBER 6, 2020
WHEREAS, the City of San Luis Obispo, a charter city and municipal corporation, wishes
to move forward with Annexation No. 81 (Fiero Lane and East Airport areas); and
WHEREAS, the Revenue and Taxation Code Section 99(a)(1) requires that the amount of
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, the 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 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 Annexation No. 81 to the
City of San Luis Obispo; and
WHEREAS, the negotiating party, to wit: Guy Savage, Assistant County Administrative
Officer and Emily Jackson, Budget Director, County of San Luis Obispo, on behalf of the County
and Shelly Stanwyck, Assistant City Manager for Community Services and Michael Codron,
Community Development 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
WHEREAS, it is in the public interest that such 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:
Resolution No. 11170 (2020 Series) Page 2
R 11170
SECTION 1. Agreement. The City Council agrees to accept the following negotiated
exchange of base tax revenues and annual tax increment:
1. No base property tax revenue shall be transferred from the County of San Luis Obispo to
the City of San Luis Obispo.
2. County will retain 86% of the future property tax increment, after transfers to the
Educational Revenue Augmentation Fund (ERAF), in the Fiscal Year 2021-22 and each
fiscal year thereafter.
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 Council Member Christianson, seconded by Vice Mayor Gomez, and on
the following roll call vote:
AYES: Council Member Christianson, Pease, Stewart, Vice Mayor Gomez, and
Mayor Harmon
NOES: None
ABSENT: None
The foregoing resolution was adopted this 6th day of October 2020.
____________________________________
Mayor Heidi Harmon
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