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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALA~,~DA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 80-174 <br /> <br /> A RESOLUTION AMENDING RESOLUTION NO. 80-95 (A RESOLUTION <br /> AGREEING TO THE EXCHANGE OF PROPERTY TAX REVENUE FOR <br /> ANNEXATION NO. 75 (FOOTHILL ROAD)) <br /> <br />THE C!~Y COUNCIL OF THE CITY OF PLEASANTON HEREBY RESOLVES TO AMEND <br />RESOLUTON NO. 80-95 (A RESOLUTION AGREEING TO THE EXCHANGE OF PRO- <br />PERTY TAX REVENUE FOR ANNEXATION NO. 75 (FOOTHILL ROAD)) IN ITS <br />ENTIRETY AS FOLLOWS: <br /> <br />WHEREAS, <br /> <br />WHEREAS, <br /> <br />Section 99 of the Revenue and Taxation Code (AB 8) provides, <br />among other things, that no local agency jurisdictional <br />change can be completed without the agencies affected by <br />such change first having agreed.upQn an exchange of property <br />tax revenue between and among the affec%~ agencies; and <br /> <br />the Alameda County.M'ayors~ ~0nfe~nce, the City of <br />Pleasanton (Resolutio~.'Noi~ 80-74) and the Alameda County <br />Board of Supervisors (Resolution No. 196574) have agreed to <br />a method for equitably distributing the property taxes; and <br /> <br />WHEREAS, <br /> <br />such specific annexation needs a resolution from both the <br />City and County agreeing to the exchange of property tax <br />revenues for the annexation to be completed and filed with <br />the State; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOVLES <br />AS FOLLOWS: <br /> <br />Section 1. That for the following annexation by the City of <br /> Pleasanton, which will be first effective for the fiscal <br /> year following the filing of the Certificate of Completion <br /> with the State Board of Equalization providing the filing <br /> occurs prior to December 31 of the preceding year, the <br /> Auditor-Controller of the County of Alameda shall be directed <br /> to cause an exchange of property tax revenues pursuant to the <br /> provisions of paragraph Nos. (1 or 2) and 3 of the attached <br /> City/County agreement: <br /> <br />Annexation No. 75 (Foothill Road) <br /> <br />Section 2. That the property tax proceeds accruing for the <br /> Structural Fire Fund shall be transferred to the City of <br /> Pleasanton. <br /> <br />Section 3. This resolution shall become effective immediately upon <br /> its passage and adoption. <br /> <br />III <br /> <br /> <br />