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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 80-74 <br /> <br /> A ttSOLUTION APPROVING COUNTY-WIDE METHOD FOR <br /> REDISTRIBUTION OF PROPERTY TAX REVENUES FOLLOWING <br /> ANNEXATION OR CERTAIN OTHER JURISDICTIONAL CHANGES. <br /> <br /> I-~EREAS, Section 99 of the Revenue and Taxation Code (AB-8} <br /> provides, among other things, that no local agency <br /> jurisdictional change (other than a city incorporation <br /> or a formation of a district) can be completed without <br /> the agencies affected by such change first having agreed <br /> upon a redistribution of property tax revenue from <br /> such area between and among said agencies; and <br /> <br /> ~-~EREAS, the Alameda County ~ayors'-Conference on March 12, 1980, <br /> reviewed and endorsed as equitable a policy proposal <br /> s~mitted by the Alameda County Administrator which, <br /> in pertinent part, calls for a redistribution of pro- <br /> perty tax revenues currently derived from an unincorpo' <br /> rated territory which is proposed to be annexed to a <br /> city, in the following manner: <br /> <br />!~ 1. In all annexations involving developed or developing <br />,. residential territory,'as well as mixed residential/ <br /> commercial areas and vacant or underdeveloped in- <br /> dustrially zoned areas, the City would automatically <br /> be entitled to receive an allocation of the County's <br /> general fund. computed property tax revenue from that <br /> area equal to the City's/County existing allocation <br /> percentage ratio within its corporate limits; <br /> <br /> 2. Should a substantial portion of any annexation include <br /> a developed commercial area, the County will under- <br /> take an analysis of nonproperty tax revenues vs. <br /> County service costs in determining what portion, if <br /> any, of the. County allocation is redistributed; and <br /> <br /> 3. In the event that a City assumes full responsibility <br /> for a service or services presently provided by a <br /> separate County taxing agency or special district within <br /> a territory proposed to be annexed, pursuant to Revenue <br /> and Taxation Code Sec..99'(b), the County will endeavor <br /> to transfer to the City the entire computed property <br /> tax revenue presently allocated to Such County agency <br /> or district from said area. <br /> <br /> <br />