TO: LINDA REICH, CITY MANAGER
FROM: WARREN MORELION, AICP, DIRECTOR OF DEVELOPMENT SERVICES
SUBJECT
title
Amended Property Tax Allocation for Annexation - LAFCO Reorganization (Detachment/Annexation from County Service Area 70) No. 3268 - East End Annexation.
end
RECOMMENDATION
Adopt Resolution No. 2024-039, determining the amount of property tax revenues to be exchanged between and among the City of Chino and the County of San Bernardino, resulting from the jurisdictional change described by LAFCO 3268 (PL20-0003, Annexation).
body
FISCAL IMPACT
The attached Resolution will transfer future property tax revenues from the County of San Bernardino to the City of Chino, estimated to be approximately $54,870 for Fiscal Year 2024-25. Tax revenues will increase in subsequent years as properties become developed within the annexed area. The additional revenue generated will be placed in the FY2023-25 Mid-Term Budget.
CITY OF CHINO MISSION / VISION / VALUES / STRATEGIC ISSUES
The recommendation detailed above will further the City's values and strategic issues that serve as key pillars on which identified priorities, goals, and action plans are built, by fostering:
* Responsible Long-Range Planning
Revenue: 1001000-51005
Expenditure:
Transfer In: Click or tap here to enter text.
Transfer Out: Click or tap here to enter text.
BACKGROUND
The City Council initiated an annexation (East End Annexation) on behalf of the applicant, Golden Management Services, Inc., on October 3, 2023, to annex 23 parcels consisting of 56.87 acres of land in the City's Sphere of Influence from the unincorporated area of San Bernardino County. The annexation area is generally located south of Francis Avenue, west of East End Avenue, north of Philadelphia Street, and a small portion south of Philadelphia Street (Exhibit A). The intent of the annexation is to allow the applicant to construct three industrial buildings, totaling 63,900 square feet on 3.59 acres of land at the nort...
Click here for full text