ADMINISTRATIVE FEE DISPUTE - Laserfiche WebLink

SETTLEMENT AGREEMENT AND RELEASE This Settlement Agreement and Release (the"Settlement Agreement") is made and entered into by and between the City of Pleasanton, a municipal corporation ("City") and the County of Alameda, a political subdivision of the State of California ("County") and is effective as of the date of full execution by the parties as indicated below ("Effective Date"). RECITALS A. The County charges cities within the County a property tax administration fee for assessing, collecting. and allocating property tax revenues. B. A dispute has arisen between the City' and the County regarding the amount of property tax administration fees charged to the City beginning in fiscal year 2006-2007 and continuing through fiscal year 2011-2012 (the"Administrative Fee Dispute"). C. A dispute involving issues similar to those germane to the Administrative Fee Dispute was the subject of ongoing litigation recently decided by the Supreme Court of California in City of Alhambra v County of Los Angeles, Supreme Court of Cali forth, Case No. S 135457, in which the Supreme Court determined that there were errors in he methodology utilized by counties to calculate property tax administration fees (the "Administrative Fee Litigation"). D. In light of the Supreme Court's ruling in the Administrative Fee Litigation, the parties desire to enter into this Settlement Agreement in order to resolve the Administrative Few. Dispute and provide reimbursement to City for certain property tax administration fees in exchange for a complete release of any and all claims as hereinafter described. AGREEMENT NOW, THEREFORE, in consideration of the mutual promises and covenants set forth below, City and County agree as follows: 1.0 Compromise and Settlement. the Parties to this Agreement, in consideration of the promises and concessions made by each Party, agree that the foregoing recitals are true and correct, and agree to mutually compromise and settle the Administrative Fee Dispute upon all of the terms and conditions in this Agreement. 2.0 Release and Discharge 2.1 In consideration of the payment set forth in Section 3.0. City, for itself, its elected and appointed officers, employees, agents, administrators, successors and assigns, does hereby release, acquit and tbrever discharge the County, its elected and appointed officials, officers, employees, agents, administrators, successors and assigns, from and against any and all past, present or future claims, demands, SETTLEMENT AGREEMENT AND RELEASE Panics approve this met �$ Ct unty City