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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 85-164 <br /> <br /> RESOLUTION AGREEING TO THE EXCHANGE OF PROPERTY TAX <br /> REVENUE FOR ANNEXATION NO. 113 (CASTLEWOOD PROPERTIES) <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 agreed <br /> upon an exchange of property tax revenue between and <br /> 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 County <br /> Board of Supervisors (Resolution No. 186574) have agreed <br /> to a method for equitably distributing the property <br /> taxes; and <br /> <br />WHEREAS, such specific annexation needs a resolution from both <br /> the City and County agreeing to the exchange of property <br /> tax revenues for the annexation to be completed and <br /> 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. ll3by the City of <br /> Pleasanton, which will be first effective for the fiscal <br /> year following the filing of the Certificate of <br /> Completion with the State Board of Equalization <br /> providing the filing occurs prior to December 31 of the <br /> preceding year, the Auditor-Controller of the County of <br /> Alameda shall be directed to cause an exchange of <br /> property tax revenues pursuant to the provisions of <br /> paragraphs No. 1 and 3 of the attached City/County <br /> agreement. <br /> <br />Section 2: That City certifies that: <br /> <br /> There is no significant commercial and/or industrial <br /> 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 City of <br /> Pleasanton. <br /> <br />Section 4: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED MARCH 26, 1985 BY THE FOLLOWING VOTE: <br /> <br /> <br />