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Thursday, 12 November 2009 23:34

Administrative Committe Seeks Clarification on Gold Rush Revenue Sharing Agreement

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amador_committee_seeks_clarification_on_gold_rush_revenue_sharing_agreement.pngJackson – The Amador County Administrative Committee on Monday sought clarification of a revenue sharing agreement relating to the annexation of the Gold Rush Ranch and Noble Ranch properties. Supervisors Ted Novelli and Brian Oneto made recommendations as to the best course of action before the item is presented to the Board of Supervisors. County Administrative Officer Terri Daly said Supervisors and the Sutter Creek City Council adopted the revenue sharing agreement on September 29, 2003, in order to address “revenue streams.” Daly said “about 2/3rds of the property proposed for development is in (Sutter Creek) right now.” Key points of the agreement include the establishment of a public safety fee, a fire protection parcel fee, a sales tax in which the County and City agree to share sales tax created in the area on a 90 percent and 10 percent basis, respectively, and a property tax split in which the County will keep the base property tax and the City and County will share new property tax created through the development on a 1/3 and 2/3 basis, respectively. Both entities would allocate 2 percent of these taxes to the Sutter Creek Fire Protection District. Also included is a County Facilities Fee in which the “City and County agreed that the annexed area would be subject to a County Facilities Fee that was projected to be $900 per unit at the time of the agreement, adjusted annually in accordance with a construction cost index.” Daly said there has been confusion about the appropriate fee for Gold Rush units because the County Facilities Fee is now $8,316 per unit. Daly said an agreement has since been crafted that would require both entities to split property tax and sales tax revenue, annex County CFD fire protection to Gold Rush, and “condition Gold Rush to create an annual Public Safety fee equivalent to 2 percent of assessed property value for County Public Safety services and a fee for City Public Safety services. Finally Gold Rush would be required to pay the original $900 County Facilities Fee for any unit “constructed on the land that was previously annexed,” or the approximate 2/3rds annexed by the city. Any unit constructed on land proposed for the remainder of Gold Rush will face the current $8,316 facilities fee. Much of the discussion focused on the last item in the revised agreement: a commitment by Gold Rush to dedicate a 3.01 acre site for a new main library. The discussion was scheduled to be continued before the Board of Supervisors at their meeting on November 24th. Story by Alex Lane This email address is being protected from spambots. You need JavaScript enabled to view it.
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