County of Fresno - File #: 22-0723

• File #: 22-0723
• On agenda: 7/12/2022
• Final action: 7/12/2022
• Enactment #: Resolution No. 22-247
• Recommended Action(s): Approve and authorize Chairman to sign resolution approving and agreeing to include Panoche Water District in the County's alternative method of property tax allocation, also known as the Teeter Plan, with respect to special assessments, in accordance with the provisions of Revenue and Taxation Code sections 4701 through 4717, effective beginning with Fiscal Year 2022-23, and in subsequent fiscal years, requiring an immediate buyout of the District's delinquent special assessments in an amount not to exceed $12,212.

Date	Action By	Action	Result
7/12/2022	Board of Supervisors	Consent Agenda be approved	Pass

DATE: July 12, 2022

TO: Board of Supervisors

SUBMITTED BY: Oscar J. Garcia, CPA, Auditor-Controller/Treasurer-Tax Collector

SUBJECT: Alternative Method of Property Tax Allocation (Teeter Plan) for Panoche Water District

RECOMMENDED ACTION(S):
TITLE
Approve and authorize Chairman to sign resolution approving and agreeing to include Panoche Water District in the County's alternative method of property tax allocation, also known as the Teeter Plan, with respect to special assessments, in accordance with the provisions of Revenue and Taxation Code sections 4701 through 4717, effective beginning with Fiscal Year 2022-23, and in subsequent fiscal years, requiring an immediate buyout of the District's delinquent special assessments in an amount not to exceed $12,212.

REPORT
Approval of recommended action will include the Panoche Water District (District) in the County's alternative method of property tax allocation, also known as the Teeter Plan, with no anticipated increase in Net County Cost. The approval of the recommended action will provide additional revenue to the County in the form of interest and penalties earned on delinquent special assessments that are levied by District.

ALTERNATIVE ACTION(S):

The alternative action would be to deny the District's request to be included in the Teeter Plan. The District would continue to have its special assessments collected by the County and remitted to the District through the current process as a Non-Teetered Special District.

FISCAL IMPACT:

The inclusion of the District in the Teeter Plan will require a one-time distribution to the District not to exceed $12,212 for the redemption of the delinquent secured special assessments previously levied but currently unpaid and due to the District. The Property Tax Loss Reserve Fund has funds available to pay for the redemption of delinquent secured special assessments.

In order to implement the inclusion of the District in the County's Teeter Plan, it is necessary ...