AGREEMENT BETWEEN THE CITY OF STOCKTON AND GREENLAW
DEVELOPMENT, LLC, AND MONTEZUMA RURAL FIRE PROTECTION
DISTRICT REGARDING ANNEXATION OF PROPERTY FROM THE
DISTRICT TO THE CITY OF STOCKTON.
This Agreement is made and entered into this ___ day of ,2022, by and between the City of Stockton, a municipal corporation ("City"), and Greenlaw Development, LLC, a California limited liability company ("Applicant") and the Montezuma Rural Fire District ("District").
WITNESSETH
WHEREAS, Applicant and City desire to annex the property known as the Mariposa Industrial Park Project bearing assessor's parcel numbers 179-220-100, 179-220-110, 179-220-120, 179-220-130, 179-220-160, 179-220-170, 179-220- 180, 179-220-190, and 179-220-240 (the "Property") into the City. The legal descriptions for the Property are attached hereto as Exhibit "A" and incorporated herein by this reference; and
WHEREAS, upon annexation, a detachment of that Property from the District that currently serves the Property occurs because the City will provide fire services once the Property is annexed; and
WHEREAS, upon annexation, the District will lose its share of the property tax previously allocated to it; and
WHEREAS, the Applicant and the District desire to ease the transition of lost revenue to the District and comply with the existing policies of the Local Agency Formation Commission.
NOW THEREFORE, it is mutually agreed by and between the City, the Applicant and the District as follows:
1. Upon annexation of the Property to the City and the detachment of the Pr
operty from the District, Applicant shall pay to the District a sum equal to the current tax revenue received by the District at the time of annexation, multiplied by fifteen (15) years with a 3% annual increase. The lump sum payment shall be paid by the Applicant prior to the recordation of the certificate of annexation.
2. The amount of property tax revenue to the District shall be based upon wh
at is received for the year immediately preceding the annexation and detachment of the Property.
3. The lump sum payment shall be the amount of $__________ as detailed in th
e attached Exhibit "B" incorporated herein by this reference.
4. The provisions of the Agreement shall inure to the benefit of and bind the hei
rs, successors and assigns of the respective parties to this Agreement.
5. It is understood and agreed by and between the parties hereto that this Ag
reement shall be deemed and construed to be entered into and to be performed in the County of San Joaquin, State of California, and it is further understood and agreed by and between the parties hereto that the laws of the State of California shall govern the rights, obligations, duties EXHIBIT 3
and liabilities of the parties to the Agreement and also govern the interpretation of this Agreement. The District shall be afforded all rights and remedies provided by California law to enforce this Agreement and the covenants created herein.
6. Should any legal action be brought by a party for breach of this Agreement or to enforce any provision herein, the prevailing party of such action shall be entitled to reasonable attorneys' fees, court costs and such other costs as may be fixed by the Court in addition to any other remedies.
7. Any notice required by this Agreement shall be in writing and delivered postage prepaid as follows:
TO APPLICANT:
Robert Mitchell
Greenlaw Development, LLC
18301 Von Karman Ave, Ste. 301
Irvine, CA 92612
TO DISTRICT:
Chief Ed Martel
Montezuma Rural Fire District
2405 South B Street
Stockton, CA 95206
TO CITY:
City Manager
City of Stockton
425 North El Dorado Street
Stockton, CA 95202
8. This Agreement may be amended in writing by the mutual agreement of all of the parties.
9. In consideration of the covenants, conditions and promises of Applicant to be performed as set forth in this Agreement, District shall not contest or otherwise oppose the annexation of the Property sought by Applicant.
IN WITNESS WHEREOF, the parties have executed the Agreement by their authorized representatives the day and year first above written.
GREENLAW DEVELOPMENT, LLC:
By: __________________________________________________
Its: __________________________________________________
MONTEZUMA RURAL FIRE DISTRICT
By: __________________________________________________
Its: __________________________________________________
CITY OF STOCKTON:
By: __________________________________________________
Its: __________________________________________________
EXHIBIT 3
EXHIBIT “A”
EXHIBIT 3
EXHIBIT “B”
EXHIBIT 3
Year 1 2,913.30
Year 2 3,000.70
Year 3 3,090.72
Year 4 3,183.44
Year 5 3,278.94
Year 6 3,377.31
Year 7 3,478.63
Year 8 3,582.99
Year 9 3,690.48
Year 10 3,801.20
Year 11 3,915.23
Year 12 4,032.69
Year 13 4,153.67
Year 14 4,278.28
Year 15 4,406.63
Total 54,184.22
Inflator 3%
Exhibit B
EXHIBIT 3
OLD 1 PCT $ OLD 1 PCT % NEW 1 PCT $ NEW 1 PCT % DIFF 1 PCT $ DIFF 1 PCT % DIFF DC $ SUM DIFF $ COUNTY GENERAL 6,392.78 0.207265 8 ,541.84 0 .276942 2 ,149.06 0 .069677 - 2 ,149.06 ROAD DISTRICT 1 1,202.39 0.038984 - - ( 1,202.39) ( 0.038984) - ( 1,202.39) COUNTY LIBRARY 512.73 0.016624 - - ( 512.73) ( 0.016624) - ( 512.73) MONTEZUMA FIRE 2,569.40 0.083305 - - (2,569.40) (0.083305) (343.90) (2,913.30) CITY OF STOCKTON - - 2 ,135.46 0 .069236 2 ,135.46 0 .069236 - 2 ,135.46 OTHER 20,166.07 0.653822 2 0,166.07 0 .653822 - - - - TRA TOTAL 30,843.37 1.000000 3 0,843.37 1 .000000 (0 .00) 0 .000000 (3 43.90) (3 43.90) Mariposa to Stockton (LAFC EST)
2021-22 Property Tax Revenue Change (1% Tax (1 PCT) & Direct Charges (DC))
EXHIBIT 3
Tax Code Description Prior Year Alloc Incr Factor T/C Incr Annex Adj Total $ Area $ - APN HOX NET AV TOTAL % 1% DC LOSS 10001 COUNTY GENERAL 56,737.93 0. 207578 6,807.11 - 63, 545.04 3, 851.84 179- 220-10 - 149, 059 149, 059 0. 51% 162.01 86. 40 248. 41 10123 ROAD DISTRICT 1 10,632.52 0. 038900 1,275.65 - 11, 908.17 721. 83 - 0. 00% - - 10618 COUNTY LIBRARY 4,533.72 0. 016587 543.94 - 5, 077.66 307. 79 179- 220-12 - 379, 497 379, 497 1. 30% 412.46 - 412. 46 12201 STOCKTON UNIFIED SCHOOLS 81,442.04 0. 297961 9,771.05 - 91, 213.09 5, 528.97 - 0. 00% - - 13001 S.J. DELTA COMM COLLEGE 10,087.91 0. 036907 1,210.29 - 11, 298.21 684. 85 179- 220-16 - 300, 000 300, 000 1. 02% 326.06 12. 00 338. 06 13201 COUNTY OFFICE OF EDUCATION 2,174.81 0. 007957 260.93 - 2, 435.75 147. 65 - 0. 00% - - 15101 MONTEZUMA FIRE 28,423.93 0. 103991 3,410.18 - 31, 834.11 1, 929.66 179- 220-18 - 946, 871 946, 871 3. 23% 1,029.12 12. 00 1, 041.12 16001 SJC FLOOD CONTROL 443.05 0. 001621 53.16 - 496. 21 30. 08 - 0. 00% - - 16101 SJC FLOOD CTRL-ZN NO. 9 910.97 0. 003333 109.30 - 1, 020.27 61. 84 - 0. 00% - - 21901 SJC MOSQUITO ABATEMENT 1,984.76 0. 007261 238.11 - 2, 222.87 134. 74 - 0. 00% - - 23301 CENTRAL SAN JOAQUIN WATER CONSER 1,479.20 0. 005412 177.48 - 1, 656.68 100. 42 - 0. 00% - - 24901 S J REGIONAL TRANSIT DISTRICT 1,372.68 0. 005022 164.69 - 1, 537.37 93. 19 - 0. 00% - - 41100 ERAF - EDUCATIONAL REVENUE AUGMENTA 73,107.90 0.26747 8,771.15 - 81, 879.06 4, 963.18 - 0. 00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - TRA Totals: 273,331.43 1.000000 32,793.04 - 306, 124.47 18, 556.04 - 0. 00% - - - 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
SUBTOTAL - 1,775,427 1, 775,427 6. 06% 1,929.65 110. 40 2,040.05 OTHER 175,000 27,339,332 27, 514,332 93. 94% 29,904.46 TOTAL 175,000 29,114,759 29, 289,759 100. 00% 31,834.11 EXHIBIT 3
Tax Code Description Prior Year Alloc Incr Factor T/C Incr Annex Adj Total $ Area $ - APN HOX NET AV TOTAL % 1% DC LOSS 10001 COUNTY GENERAL 145,409.53 0. 206793 12,528.81 - 157, 938.34 2, 540.94 - 0. 00% - - 10123 ROAD DISTRICT 1 27,500.81 0. 039110 2,369.53 - 29, 870.34 480. 56 179- 220-11 - 357, 743 357, 743 0. 37% 298.13 217. 30 515. 43 10618 COUNTY LIBRARY 11,728.02 0. 016679 1,010.52 - 12, 738.54 204. 94 - 0. 00% - - 12201 STOCKTON UNIFIED SCHOOLS 210,651.32 0. 299577 18,150.25 - 228, 801.57 3, 681.00 179- 220-13 - 350, 943 350, 943 0. 37% 292.46 90. 60 383. 06 13001 S.J. DELTA COMM COLLEGE 26,093.67 0. 037109 2,248.30 - 28, 341.97 455. 97 - 0. 00% - - 13201 COUNTY OFFICE OF EDUCATION 6,973.12 0. 009917 600.83 - 7, 573.95 121. 85 179- 220-17 - 225, 000 225, 000 0. 23% 187.51 12. 00 199. 51 15101 MONTEZUMA FIRE 73,519.25 0. 104555 6,334.60 - 79, 853.85 1, 284.70 - 0. 00% - - 16001 SJC FLOOD CONTROL 1,144.13 0. 001627 98.57 - 1, 242.70 19. 99 179- 220-19 - 607, 906 607, 906 0. 63% 506.61 12. 00 518. 61 16101 SJC FLOOD CTRL-ZN NO. 9 2,355.51 0. 003350 202.96 - 2, 558.47 41. 16 179- 220-24 - - - 0. 00% - 12. 00 12. 00 21901 SJC MOSQUITO ABATEMENT 5,136.36 0. 007305 442.58 - 5, 578.94 89. 76 - 0. 00% - - 24901 S J REGIONAL TRANSIT DISTRICT 3,553.03 0. 005053 306.14 - 3, 859.17 62. 09 - 0. 00% - - 41100 ERAF - EDUCATIONAL REVENUE AUGMENTA 189,098.07 0.268925 16,293.16 - 205, 391.23 3, 304.37 - 0. 00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - - - 0.00% - - TRA Totals: 703,162.82 1.000000 60,586.26 - 763, 749.08 12, 287.33 - 0. 00% - - - 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
- 0.00% - -
SUBTOTAL - 1,541,592 1, 541,592 1. 61% 1,284.71 343. 90 1, 628.61 OTHER 391,310 93,888,490 94, 279,800 98. 39% 78,569.14 TOTAL 391,310 95,430,082 95, 821,392 100. 00% 79,853.85 EXHIBIT 3