RES 84055 - Laserfiche WebLink

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