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Board approves exchange of property-tax increment to allow El Dorado Senior Village annexation, 3-2
Summary
The Board of Supervisors agreed to an exchange of property tax increment with the El Dorado Irrigation District (EID) to facilitate annexation of two parcels tied to the El Dorado Senior Village project; two supervisors voted no amid resident concerns about traffic, location and potential tax-exempt status under the welfare exemption.
The El Dorado County Board of Supervisors voted 3-2 on Tuesday to authorize an exchange of property-tax increment to support the annexation of two parcels into the El Dorado Irrigation District (EID) service area, clearing a technical step for the El Dorado Senior Village affordable senior housing project.
What the vote covered The vote did not approve or deny the housing development itself — it authorized a county resolution setting how future property-tax increment would be allocated if the parcels are annexed into a service-providing district, consistent with the county's past practice. "This is generally a fairly routine process," CAO staff said in explaining the purpose of the action. The allocation recommended in staff materials would give EID a fraction of the incremental property tax (2.6667 percent of the increment), with small proportional reductions to other local funds.
Why it mattere…
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