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<br />Staff also recommends Council adopt a resolution for a property tax sharing agreement with the <br />County for the allocation of property taxes. Because the properties are either owned by the City <br />(and hence are tax exempt) or are valued low for tax purposes because of their use, the <br />allocation of property taxes is not a significant issue with this annexation/detachment. <br />Respectfully Submitted, <br />g(;:)L <br />Rob Wilson Nelson Fialho <br />Director of Public Works City Manager <br />Attachments: <br />Vicinity Map (Exhibit A) <br />Notice to Surrounding Property Owners (Exhibit B) <br />Draft Annexation Resolution (Exhibit C) <br />Draft Tax-Sharing Agreement Resolution (Exhibit D) <br />SR:05:292 <br />Page 5 of5 <br /> __,.___'_n . <br />