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HomeMy WebLinkAbout11-050Resolution RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE AGREEING TO THE TAX SPLIT FOR THE MOONEY TERRITORY ANNEXATION TO THE TOWN OF PARADISE WHEREAS, John and Carol Mooney have petitioned for 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 regarding 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 Town of Paradise do 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 far the above-mentioned annexation with 56% of the property tax revenue allocable to the Tawn and County to be retained by the Town, and 44% of said property tax revenue to be paid to the County. Said 56144% split to be effective July 1, 2011 and remain in effect following annexation of said properties to the incorporated limits of the Town of Paradise until otherwise agreed to by the Town and County through an appropriate agreement. PASSED AND ADOPTED this 24~' day of May, 2411, by the following vote: AYES: Supervisors Connelly, Wart, Kirlc, Yamaguchi, and Chair Lambert NOES: None ABSENT: ~°ne NOT VOTING: None Steve Lambq ,Chair Butte County Board of Supervisors ATTEST: Paul Hahn, ref Administrative and Clerl~ ~#h~IBo~rd of Superv ~ ~~~