RES 97043 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 80-74 -- A RESOLUTION APPROVING COUNTY-WIDE METHOD FOR T_ 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 WHEREAS, 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 currentl~ derived from an unincorpo- rated territory which is proposed to be annexed to a city, in the following manner: .~ 1. In all annexations involving developed or developing · residential territory, as well as mixed residential/ ~ commercfal areas and vacant or underdeveloped in- dustrially zoned areas, the City would automatically ~.. be entitled to 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 no~roperty tax revenues vs. County service costs ~ 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 a 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.