RES 93036 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 93-36 A RESOLUTION AGREEING TO TIlE EXCHANGE OF PROPERTY TAX REVENUES FOR ANNEXATION NO. 138 (NORTIt SYCAMORE) WHEREAS, Section 99 of the Revenue and Taxation Code (All 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; WHEREAS, 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 WHEREAS, such specific annexations 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; and WHEREAS, on March 17, 1992, City Council adopted Resolution No. 92-60 which for Annexation No. 138 (North Sycamore) provided that the Auditor-Controller of the County of Alameda be directed to cause an exchange of property tax revenues pursuant to the provisions of the above-mentioned Resolutions; and WHEREAS, thereafter, the County informed the City that with respect to that portion of Annexation No. 138, it did not want to follow the provisions of Pleasanton Resolution No. 80-74 nor Alameda County Resolution No. 186574, but instead wanted an exchange of property tax which provides that: (a) 26.51% share of the property taxes from the North Sycamore area will be transferred to the City. (b) The above exchange shall be phased in such a manner as to provide the City of Pleasanton with a 20% tax share beginning at the time