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+O'`' '' ~ =~~ BOARD OF SUPERVISORS
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+'•~' ••'~••". Resolution No. 86-126
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RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE
AGREEING TO THE TAX SPLIT FOR THE ZUMWALT ANNEXATION TO THE
TOWN OF PARADISE
WHEREAS, property owner Richard Zumwalt has petitioned for annexation
of certain property to the Town of Paradise; and
WHEREAS, the Master 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 §99,
added by Chapter 282, Statutes of 1979, and amended by Chapter 1161 of the Statutes
of 1979), (agreement amended January 31, 1980)," 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 does not wish to delay annexation proceed-
ings requested by this property owner.
NOW, THEREFORE, BE IT RESOLVED that the County of Butte agrees to a
property tax split for the above-mentioned annexation with 56~ of the property
tax revenue allocable to the Town and County to be retained by the Town, and 44Z
of said property tax revenue to be paid to the County. Said 56/447 split to be
effective July 1, 1987 and remain in effect following annexation of said property
to the incorporated limits of the Town of Paradise until otherwise agreed to by
the Town and County through an appropriate Master Agreement.
PASSED AND ADOPTED this 7th day of October 1986, by the following
vote:
AYE5: Supervisors Dolan, Fulton, McInturf, Wheeler and Chairman McLaughlin
NOES: None
ABSENT: None
NOT VOTING: None ~ O ~ (~ ~
ED McLAUGHLIN, Ch rman
Butte County Board of Supervisors
ATTEST: MARTIN J. NICHOLS
Chief Administrative Officer
and Clerk of the $aard of Supervisors
By ~ ~2//_rYh~y~y ~0~~