HomeMy WebLinkAboutResolution - City Council - 82-121 - 1982-03-16Finance
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82
RESOLUTION
N0.
THE COUNCIL OF THE CITY
A RESOLUTIOCA IFORNIA, APPROVING
OF FRESNO, REVENUE EXCHANGE -
PROPERTY TAX Control District is
WHEREAS,
the Fresno Metropolitan Flood
change (annexation) in its
al the
proposing a jurisdictionProperty within
boundaries, said change to include
Of Fresno; and when
the City ode requires that
boundaries of and Taxation C one or
the Revenue providing
WHEREAS, in a special district P
exchange °f property tax
such a change results
to an area, the within
more new services increment generated
to the annual tax when the annexing
shall be limited tax and tax increment
the base previously Provided
the area, °C services
responsibility for and
agency assumes area of annexation;
within the will result in the
by other agencies o. 40
Annexation
N e and related
WHEREAS, District A urban drainage
exation NO. 40
new flood of said Ann
provision of portion of Fresno;
services t° that p the City
conservation within the boundaries of
including Property
to jurisdictional changes, the
and
respect ust be made
WHEREAS, with exchange m
determination of prOPerty tax revenue
such change. City
etion of of the
prior to the °O,P1 SOLVED that the Council
BE IT RE upon completion of
NOW, THEREFORE, to the exchange, P
agree of Pc°Petty
does hereby all future years,
of Fresno and for
the jurisdictional change
as follows: from the proportionate
tax revenue revenue
The property tax generated within
share of annual tax increment g
ea of said jtional
urisdicchange, said
the ar
3 45% of the total
Proportionate share equaling
annual increment of said area.
AFpROVED MS TO Foo:
JLW/zd CE
3-9-82 CM&"MOT,80TfI
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CLERK'S CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF FRESNO ) as.
CITY OF FRESNO )
ti
I, JACQUELINE L. RYLE, CMC, City Clerk of the City of Fresno. County of
Fresno, State of California, do hereby certify the foregoing Resolution No.
82-121 was adopted by the Council of the City of Fresno, California,
at a regular meeting held on the 16th day of March _, 1982.
JACQUELINE L. RYLE, CMC
City Clerk
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