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CITY COUI~CIL OF THE CITY OF PLEASANTON , _a~MEDA COUNTY, CALIFORNIA RESOLUTION NO. 80-74 A RESOLUTION APPROVING COUNTY-WIDE METHOD FOR REDISTRIBUTION OF PROPERTY TAX REVENUES FOLLOWING ANNEXATION OR CERTAIN OTHER JURISDICTIONAL CHANGES. WHEREAS, Section 99 of the Revenue and Taxation Code (AB-8) provides, among other things, that no local agency jurisdictional change (other than a city incorporation or a formation of a district) can be completed without the agencies affected by such change first having agreed upon a redistribution of property tax revenue from such area between and among said agencies; and the Alameda County ~ayors"Conference on March 12, 1980, reviewed and endorsed as equitable a policy proposal submitted by the Alameda County Administrator which, in pertinent part, calls for a redistribution of pro- perty tax revenues currently derived from an unincorpo- rated territory which is proposed to be annexed to a city, in the following manner: 1. In all annexations involving developedor developing residential territory, as well as mixed residentf~l/ ~'~ commercial areas and vacant or underdeveloped in- dustrially zoned areas, the City would automatically. ~. be entitled t~ receive an allocation of the County's general fund computed property tax revenue from that area equal to the City's/County existing allocation percentage ratio within its corporate limits; 2. Should a substantial portion of any annexation include a developed commercial area, the County will under- take an analysis of nonproperty tax revenues vs. County service costs in determining what portion, if any, of the County allocation is redistributed;_and 3. In the event that a City assumes full responsibility for a service or services presently provided by a separate County taxing agency or special district within ~ territory proposed to be annexed, pursuant to Revenue and Taxation Code Sec..99(b), the County will endeavor to transfer to the City the entire computed property tax revenue presently allocated to Such County agency or district from said area. NOW, THEREFORE, THE CITY COUNCIL OF THE ~ITY OF PLEASANTON RE~OLVES AS FOLLOWS: Section 1. That the aforementioned policy represents a method by which Constitutionally-limited property tax revenues can be rationally and fairly redistributed among agencies affected by an annexation. Section 2. This resolution shall become effective immediately upon its passage and adoption. THIS RESOLUTION ADOPTED MARCH 25, 1980 BY THE FOLLOWING VOTE: AYES: Councilmembers - Butler, Mercer, Wood and Mayor Brandes NOES: None ABSENT: Councilmember Kephart ABSTAIN: None ATTEST: ~ames R. Walker, City Clerk By Doris George, Deputy City Clerk APPROVED AS TO FORM