HomeMy WebLinkAbout02-58 - Agreeing to Property Tax Sharing Formula with County of OrangeRESOLUTION NO. 02-58
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF COSTA MESA, CALIFORNIA, AGREEING TO A
PROPERTY TAX SHARING FORMULA WITH THE
COUNTY OF ORANGE FOR THE PROPOSED
EASTSIDE ANNEXATION AREAS.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOWS:
WHEREAS, the annexation of unincorporated county islands in Eastside Costa
Mesa will serve to promote logical, efficient, and cost effective delivery of public
services; and
WHEREAS, the County of Orange and the City of Costa Mesa both recognize
that these areas would be more efficiently served by the City of Costa Mesa; and
WHEREAS, all or portions of these islands are within specific redevelopment
project areas administered by the Orange County Development Agency (OCDA) which
direct most of the property tax increment to the OCDA; and
WHEREAS, in 1980, the City of Costa Mesa adopted a Master Property Tax
Transfer Agreement with the County of Orange that directs that 0.509527 of the County
General Fund share of the basic 1 % Basic Levy be transferred to the City and 0.490473
remain with the County upon annexation of territory by the City; and
WHEREAS, because the City has its own Fire Department, 100% of the
County's share of the 1 % Basic Levy from the Structural Fire Fund and Orange County
Fire Authority should also go to the City upon the City's commencement of providing
fire/paramedic services to the areas; and
WHEREAS, the unincorporated county islands, being all or partly covered by
redevelopment project areas, will produce less property tax dollars for non -
redevelopment public agencies than had the areas not been under redevelopment
authority.
NOW THEREFORE, BE IT RESOLVED THAT upon the effective date of each
specific annexation, the property tax transfer between the City of Costa Mesa and the
County of Orange General Fund will be determined by the following formulas:
1. 0.70 of the County General Fund share of the non -redevelopment
1 % Basic Levy be transferred to the City of Costa Mesa.
2. 0.30 shall remain with the County.
3. The property tax transfer will revert to the ratio specified in the ,
Master Property Tax Agreement at the time when the Orange
County Development Agency ceases to collect tax increment from
areas subject to this annexation. Said ratio is as follows: 0.509527
of the County General Fund share of the .1% Basic Levy be
transferred to the City and 0.490473 remain with the County.
BE IT FURTHER RESOLVED that upon the effective date of each specific
annexation, 100% of the non -redevelopment property tax revenues that formerly
accrued from the annexed territory to the Structural Fire Fund and Orange County Fire
Authority shall henceforth accrue to the City of Costa Mesa.
Passed and adopted this 19th day of August, 2002.
ATTEST:
APPROVED AS TO FORM:
Deputy y Clerk of the City of Costa City Attorney
MesaL^
Mayor of the City of Costa Mesa
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, JULIE FOLCIK, Deputy City Clerk and ex -officio Clerk of the City Council of the
City of Costa Mesa, hereby certifies that the above and foregoing Resolution No.
02-58 was duly and regularly passed and adopted by said City Council at a,regular
meeting thereof held on the 19th day of August, 2002.
IN WITNESS WHEREOF, I have hereby set my hand and affixed the Seal of the
City of Costa Mesa this 20th day of August, 2002.
DepuV,bty Clerk arid ex -officio Clerk of the
City 6ouncil of the City of Costa Mesa