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CITY COUNCIL OF THE CITY OF PLEA~ANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 80-95 A RESOLUTION AGREEING TO THE EXCHANGE OF PROPERTY TAX REVENUE FOR ANNEXATION NO. 75 (FOOTHILL ROAD). WHEREAS, WHEREAS, WHEREAS, Section 99 of the Revenue and Taxation Code (AB 8) provides, among other things, that no local agency jurisdictional change can be completed without the agencies affected by such change first having agreed upon an exchange of property tax revenue between and among the affected agencies; and the Alameda County Mayors' Conference, the City of Pleasanton (Resolution No. 80-74) and the Alameda County Board of Supervisors (Resolution No. 186574) have agreed to a method for equitably distributing the property taxes; and such specific annexation needs a resolution from both the City and County agreeing to the exchange of property tax revenues for the annexation to be completed and filed with the State. NOW, THEREFORE, BE IT RESOLVED: Section 1. That for the following annexation by the City of Pleasanton, which will be first effective for the fiscal year following the filing of the Certificate of Completion with the State Board of Equalization providing the filing occurs prior to December 31 of the preceding year, the Auditor-Controller of the County of Alameda shall be directed to cause an exchange of property tax revenues pursuant to the provisions of paragraphs Nos. (1 or 2) and 3 of the attached City/County agreement: Annexation No. 75 (Foothill Road) Section 2. This resolution shall become effective immediately upon its passage and adoption. THIS RESOLUTION ADOPTED ON APRIL 22, 1980, BY THE FOLLOWING VOTE: AYES: Councilmembers - Butler, Mohr and Mayor Mercer NOES: None ABSENT: Councilmembers - Kephart and Wood .~lJames R. Walker, Clerk By Doris George, Deputy City Clerk APPROVED AS TO FORM evine<'C~rney