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HomeMy WebLinkAboutRESOLUTIONS - 10031995 - 95-446 IN THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, STATE OF CALIFORNIA ADOPTED this order on October 3 , 1995 by the following vote: AYES: Supervisors Rogers , Smith, DeSaulnier, Torlakson and Bishop NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. 95/ 446 SUBJECT: Determination of Property Tax ) Exchange for the Proposed ) I-680/Paulson Lane Boundary ) Reorganization (LAFC 95-24) ) WHEREAS, Section 99 of the Revenue and Taxation Code provides that a City and a County shall agree by resolution to exchange property tax revenues among themselves and any affected agencies in the event of a jurisdictional change; and WHEREAS, the I-680/Paulson Lane Boundary Reorganization (LAFC 95-24 ) involves both annexation to and detachment from the City of Walnut Creek and results in jurisdictional changes between the City and the County; and WHEREAS, the annexation element of the I-680/Paulson Lane Boundary Reorganization (LAFC 95-24) is covered by the master property tax transfer agreement between the City and the County; and WHEREAS, the City of Walnut Creek has agreed that 100 percent of the property tax accruing to the City of Walnut Creek from the affected territory of the detachment portion of the subject boundary reorganization shall be transferred to Contra Costa County; NOW, THEREFORE, BE IT RESOLVED THAT THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY DOES HEREBY DETERMINE that property tax transfer between the City and the County in the subject boundary reorganization will be implemented as discussed above. The terms of this property tax exchange agreement shall be effective for the fiscal year for which the State Board of Equalization makes the tax rate area changes for this jurisdictional change and shall apply in subsequent years unless changed by the mutual agreement of affected agencies or subsequent jurisdictional changes . This resolution does not change the property tax revenues accruing to other agencies servicing the subject territory or the affected agencies ' right to collect taxes for existing banded indebtedness . . The property tax exchange agreement discussed above shall apply to affected territory as submitted or revised by the Local Agency Formation Commission. I hereby certify that the foregoing is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: October 3 , 1995 Phil Batchelor, Clerk of the Board of Supervisors and County Administrator By rlm OJ,44A49f- Deputy cc: County Administrator Auditor-Controller City of Walnut Creek LAFCO RESOLUTION NO. 95/ 446