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WHEt~EAS ~ <br /> <br />~THEREAS, <br /> <br />CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAI~EDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 80-.74 <br /> <br />A }~SOLUTION APPROVING COUNTY-WIDE METHOD FOR <br />REDISTRIBUTION OF PROPERTY TAX REVENUES FOLLOWING <br />ANNEXATION OR CERTAIN OTHER JURISDICTIONAL CHANGES. <br /> <br />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 />the Alameda County ~ayors"Conference on March 12, 1980, <br />reviewed and endorsed as equitable a policy proposal <br />submitted 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 />In all annexations involving developed or developxng <br />residential territory, as well as mixed residentfal/ <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 />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 />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 />III <br /> <br /> <br />