HomeMy WebLinkAboutRESOLUTIONS - 07242007 - 2007-370 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on July 24, 2007 by the following vote: sE L
AYES: Cctolk i (AIL-ICSIAA x '50 JtLLl A G-t.OaK4 r O
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NOES:
ABSENT:
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ABSTAIN:
SUBJECT: Second Amendment to Master Property Tax Resolution No. 2007/370
Exchange Agreement for Allocation of Property
Tax between the County of Contra Costa and
City of San Ramon Upon Annexations
WHEREAS, effective June 3, 1986, pursuant to County Resolution 86/305 and City of San
Ramon Resolution 86-57, County and City entered into the Master Property Tax Exchange Agreement
for Allocation of Property Tax Between the County of Contra Costa and City of San Ramon Upon
Annexations (as amended by the first amendment thereto, the "Master Agreement"), which governs
the administration of property, sales, and transient occupancy taxes for the Bishop Ranch annexation;
and
WHEREAS, City and County have agreed to amend the Master Agreement for a period of
twenty-five years in order to aid City in the development of parking structures that will serve its City
Center Project to be constructed in Bishop Ranch.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF CONTRA
COSTA COUNTY that City's portion of property taxes for Assessor Parcel Nos. 213-133-086; 213-
120-013, and 213-133-063 shall not be reduced as set forth in the Master Agreement but shall be
apportioned pursuant to the Second Amendment to Master Property Tax Exchange Agreement For
Allocation Of Property Tax Between The County of Contra Costa and The City of San Ramon Upon
Annexations.
I hereby certify that.this 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: pTI 2007
John Cullen, Clerk of the Board of Supervisors
And County A strator
N
By Deputy
Contact: Rich Seithel, CAO
cc: Auditor-Controller—Attn: Sue Turner
County Counsel
RESOLUTION 2007/370 �'
RESOLUTION NO. 2007-128
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAMON
AUTHORIZING THE MAYOR TO APPROVE THE SECOND AMENDMENTTO
THE MASTER PROPERTY TAX EXCHANGE AGREEMENT FOR
ALLOCATION OF PROPERTY TAX BETWEEN THE
COUNTY OF CONTRA COSTA AND THE CITY OF SAN RAMON UPON
ANNEXATIONS (APNs: 213-133-086, 213-1.33-063, and 213-120-013)
WHEREAS, on June 3, 1986, in connection with City's annexation of what is now
known as Bishop Ranch (LAFCO Nos. 87-58 and 87-60), County and City entered into
that certain Master Property Tax Exchange Agreement for Allocation of Property Tax
between the County Of Contra Costa and the City of San Ramon Upon Annexations
pursuant to duly adopted resolutions, and
WHEREAS, effective December 1, 1987, County and City entered into that certain
Amendment to Master Property Tax Exchange Agreement for Allocation of Property Tax
between the County Of Contra Costa and the City of San Ramon Upon Annexations (the
"First Amendment"), amending the Master Agreement, pursuant to duly adopted
resolutions, and
WHEREAS, City now desires to promote the development of a City Center project
in Bishop Ranch which will include approximately 650,000 square feet of retail space,
450-500 residential units, a 170 room hotel, 700,000 square feet of office space and a San
Ramon City Hall and library (the "City Center Project"), on the Excluded Parcels (as
such term is defined below). In order to finance the four or five parking structures
necessitated by the City Center Project, City requires additional financing, and
WHEREAS, the development of the City Center Project will result in two tax
exempt parcels currently owned by City (Assessor Parcel Nos. 213-133-086 and 213-120-
013), being returned to the tax roll and a substantial increase in the assessed value of a
third parcel (APN 213-133-063), and
WHEREAS, City has proposed and County has agreed to a Second Amendment to
the Master Agreement temporarily revise the Master Agreement in order to facilitate the
development of the City Center Project parking structures.
NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of
San Ramon approves the Second Amendment to the Master Agreement and authorizes the
Mayor to execute the Second Amendment (attached hereto as Exhibit 1).
Signatures on tlae following page
PASSED, APPROVED, AND ADOPTED on this 10`" day of July 2007 by the
following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
H. Abram Wilson, Mayor
ATTEST:
Patricia Edwards, City Clerk
Exhibit 1: Second Amendment to the Master Property Tax Exchange Agreement for
Allocation of Property Tax Between the County of Contra Costa and
the City of San Ramon Upon Annexations
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