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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 88-259 <br /> <br /> RESOLUTION AGREEING TO THE EXCHANGE OF <br /> PROPERTY TAX REVENUE FOR ANNEXATION NO. <br /> 100 (PICARD) <br /> <br />WHEREAS, Section 99 of the Revenue and Taxation Code (AB 8) <br /> provides, among other things, that no local agency <br /> jurisdictional change can be completed without the <br /> agencies affected by such change first having <br /> agreed upon an exchange of property tax revenue <br /> between and among the affected agencies; and <br /> <br />WHEREAS, the Alameda County Mayors' Conference, the City of <br /> Pleasanton (Resolution No. 80-74) and the Alameda <br /> county Board of Supervisors (Resolution No. 186574) <br /> have agreed to a method for equitably distributing <br /> the property taxes; and <br /> <br />WHEREAS, such specific annexation needs a resolution from <br /> both the City and County agreeing to the exchange <br /> of property tax revenues for the annexation to be <br /> completed and filed with the State; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: That for Annexation No. 100 (Picard) by the City <br /> of Pleasanton, which will be first effective for <br /> the fiscal year following the filing of the <br /> Certificate of Completion with the State Board of <br /> Equalization providing the filing occurs prior to <br /> December 31 of the preceding year, the <br /> Auditor-Controller of the County of Alameda shall <br /> be directed to cause an exchange of property tax <br /> revenues pursuant to the provisions of paragraphs <br /> No. 1 and 3 of the attached City/county agreement. <br /> <br />Section 2: That City certifies that: <br /> <br /> There is no significant commercial and/or <br /> industrial development in the proposed annexation. <br /> <br />Section 3: That the property tax proceeds accruing for the <br /> Structural Fire Fund shall be transferred to the <br /> City of Pleasanton. <br /> <br />Section 4: This resolution shall become effective <br /> immediately upon its passage and adoption <br /> <br /> <br />