Title
Chief Administrative Office recommending the Board adopt Resolution 118-2012 agreeing to the exchange of property tax increment for the annexation of one parcel (APN 109-010-03) to the Cameron Estates Community Services District, Local Agency Formation Commission Project No. 2012-03. (Est. Time: 15 Min.)
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Fiscal Impact/Change to Net County Cost
Minor reduction in General Fund property tax revenue. Undetermined property tax revenue impacts if parcel develops.
Background
The Deubel Annexation, LAFCO Project No. 2012-03 will annex one 40-acre parcel (APN 109-010-03) into the Cameron Estates Community Services District. The purpose of the annexation is to provide the property owner access to the parcel via gated District roads. The parcel is located in the Cameron Park area south of U.S. Highway 50, approximately 1 mile south of the Cambridge Road exit and Flying C Road. Access to the parcel is by way of Native Lane. Exhibit F includes a LAFCO map of the annexation project.
The Chief Administrative Office sent a tax increment exchange proposal to the Cameron Estates CSD and affected agencies on July 11 (Exhibit C). The proposal allowed Cameron Estates CSD 4.8074% of the tax increment which is half of the average of the average increment received in their three existing tax rate areas. The proposal also maintains El Dorado County Fire at their requested minimum of 15%. Given that the pupose of this annexation is only to allow the property owner access to his parcel, significant impacts to the CSD road system are unlikely. As indicated in Exhibit B, the total estimated local share of the property tax is a minimal $1,520.
The CSD Board meeting scheduled for July 19 was cancelled for lack of a quorum and rescheduled for July 26. CAO staff attended the July 26 CSD meeting to discuss the proposal. The CSD did not take action on the annexation and continued the matter to a special meeting on August 16.
At their August 16 meeting, the Cameron Est...
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