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HomeMy WebLinkAbout06-107Resolution No. WHEREAS, Kandice and Brock Cummings, and Andrew and Janell Sprague, have petitioned far annexation of certain property to the Town of Paradise and the Paradise Irrigation District; and WHEREAS, the Property Tax Agreement entitled "Agreement Between Butte County and Cities xegaxding the Negotiated Exchange of Property Tax Revenues Related to Jurisdictional Change" in accordance with Revenue and Taxation Code Section 99, as amended, does not specify the sharing ratio between the Town of Paradise and the County of Butte; and ' WHEREAS, it is necessary for an agreement to be reached on the exchange of property taxes between the two entities before the annexation can be legally complete; and WHEREAS, the County of Butte and the Tawn of Paradise does not wish to delay annexation proceedings requested by the property owners. NOW, THEREFORE, BE IT RESOLVED that the County of Butte agrees to a property tax split for the above-mentioned annexation with SS% of the property tax revenue allocable to the Town and County to be retained by the Town, and 44% of said property tax revenue to be paid to the County. Said 56/~kl% split to be effective July 1, 200b, and remain in effect following annexation of said properties to the incorporated Iimits of the Town of Paradise until otherwise agreed to by the Town and County through an appropriate agreement. PASSED AND ADOPTED by the Butte County Board of Supervisors this 25~' day of July 2006, by' the following vote: AYES: Supervisors Connelly, nolan, Houx, Yamaguchi and Chair Josiassen NOES: None ABSENT: None NOT VOTING: None L SIASSEN, Chair Butte Co Board of Supervisors ATTEST: PAUL MCINTOSH, Chief Administrative Officer and Clerk of the Board of Supervisors eputy RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE AGREEING TO .THE TAX SPLIT FOR THE CUMMINGSISPRAGUE TERRITORY ANNEXATION TO THE TOWN OF PARADISE