RES 92221 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 92-221 WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, A RESOLUTIONAMENDINGRESOLUTION NO. 92-44AND AGREEING TO THE EXCHANGE OF PROPERTY TAX REVENUES FOR A PORTION OF ANNEXATION NO. 140 (RUBY HILL/VINEYARDAVENI/E CORRIDOR) 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 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 on February 18, 1992, City Council adopted Resolution No. 92-44 which for Annexation No. 140 (Ruby Hill/Vineyard Avenue Corridor) 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 thereafter, the County informed the City that with respect to that portion of Annexation No. 140 applicable to Ruby Hill 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 revenues as follows: (a) The Mayor's Formula shall apply to that portion of the property located within Tax Rate Area 75-004; (b) The Mayor's Formula shall apply to that portion of the property located within Tax Rate Area 64-003 except that the County shall receive that portion of the property tax currently allocated to the Livermore Area Recreation and Park District; and