HomeMy WebLinkAbout2002-55 - Annexation Property Tax TransferRESOLUTION 2002- 55
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
RELATING TO A PROPERTY TAX TRANSFER AGREEMENT WITH THE
COUNTY OF ORANGE ON BEHALF OF THE COUNTY,
THE ORANGE COUNTY FIRE AUTHORITY,
AND THE ORANGE COUNTY LIBRARY DISTRICT
RELATING TO THE ANNEXATIONS OF EAST SANTA ANA HEIGHTS,
BAY KNOLLS, AND THE EMERSON /CHURCHILL TRACT
WHEREAS, the City of Newport Beach has proposed the annexation and/or
reorganization of territories adjacent to or within the City's western and northern sphere of
influence. These territories are known as eastern Santa Ana Heights ( "Santa Ana Heights "), Bay
Knolls, and the Emerson/ Churchill tract; and
WHEREAS, all or portions of these territories are within specific redevelopment project
areas administered by the Orange County Development Agency (OCDA) which direct most
property tax increment to the OCDA; and
WHEREAS, in January 2002, the City of Newport Beach annexed the Newport Coast
community to Newport Beach; and
WHEREAS, in 1980, the City Council adopted a Master Property Tax Transfer
Agreement with the County of Orange that directs that 0.51937804992 of the County General
Fund share of the 1 % Basic Levy be transferred to the City and 0.48062195008 remain with the
County upon annexation of territory by the City; and
WHEREAS, on August 14 2001, the Board of Supervisors and the City Council agreed to
adjust the Master Property Tax Transfer Agreement for the Newport Coast property tax
apportionments upon a future annexation of the Bay Knolls area in order to assist the City of
Newport Beach in funding municipal services to the Bay Knolls area because that territory falls
within an OCDA project area; and
WHEREAS, because the City has its own library system and fire department, the City's
share of the 1 % Basic Levy from the Orange County Library System and the Structural Fire
Fund or Orange County Fire Authority share will equal 100% of these agencies' respective
shares; and
WHEREAS, the eastern Santa Ana Heights, Bay Knolls, and Emerson/ Churchill
neighborhoods, being all or in part covered by redevelopment project areas, will produce less
property tax dollars for non - redevelopment public agencies than had the areas not been under
redevelopment, now, therefore be it
RESOLVED by the City Council of the City of Newport Beach that the City Council
hereby:
1. States that, upon the effective date of each specific annexation, the property tax
transfer between the City of Newport Beach and the County of Orange General
Fund will be as follows for the annexation areas known as eastern Santa Ana
Heights, Bay Knolls, and Emerson /Churchill:
• 0.70 of the County General Fund share of the non - redevelopment 1% Basic
Levy be transferred to the City of Newport Beach; and
• 0.30 shall remain with the County.
• 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 the areas subject
to this annexation. Said ratio is as follows: 0.51937804992 of the County
General Fund share of the 1 % Basic Levy be transferred to the City and
0.48062195008 remain with the County.
2. Accepts that, upon the effective date of the City's annexation of the Bay Knolls
community, the property tax exchange for the previously - certified Newport Coast
Annexation will be as follows:
• 0.52937804992 of the County General Fund share of the 1 % Basic Levy
generated from the Newport Coast annexation area be transferred to the
City of Newport Beach; and
• 0.47062195008 shall remain with the County.
3. Requests that, upon the effective date of each specific annexation, 100% of the non-
redevelopment property tax revenues accrued from the reorganized or annexed
territory to the Orange County Library District shall be transferred to the City of
Newport Beach.
4. Requests that, upon the effective date of each specific annexation, 100% of the non-
redevelopment property tax revenues accrued from the reorganized or annexed
territory to the Orange County Fire Authority shall be transferred to the City of
Newport Beach.
ADOPTED this 13th day of August, 2002.
LAVONNE HARKLESS
City Clerk of Newport Beach
TOD W. RIDGEW
Mayor of Newport i
STATE OF CALIFORNIA }
COUNTY OF ORANGE } as.
CITY OF NEWPORT BEACH }
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2002 -55 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the
13th day of August, 2002, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, O'Neil, Bromberg, Glover, Adams, Proctor, Mayor Ridgeway
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 14th day of August, 2002.
(Seal)
City Clerk
Newport Beach, California