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To: BOARD OF SUPERVISORS
FROM: M. G. Wingett, Contra
County Administrator '`costa
DATE: January 31, 1984 County
SUBJECT: Tax Increment Sharing Agreement - City of
Pittsburg Redevelopment Project
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
APPROVE property tax increment sharing agreement between the County,
Riverview Fire Protection District, and the City of Pittsburg Redevelopment
Agency providing for the County and District to be held harmless from the
diversion of tax increment revenue to the Agency resulting from Agency' s
adoption of the Los Medanos Community Development Project Area - Amendment II.
BACKGROUND
On November 28, 1983 the City of Pittsburg adopted the Los Madanos Community
Development Plan - Amendment II which resulted in the addition of approxi-
mately 400 acres of property to the City's existing Los Medanos Community
Development Project Area. The Board of Supervisors expressed its opposition
to the proposed amendment because of the detrimental fiscal impact on the
County General. Fund and other taxing entities under the jurisdiction of the
Board which would result from the diversion of property tax increment funds
from these taxing entities to the Pittsburg Redevelopment Agency. County
staff, with assistance from special legal counsel, has developed an agree-
ment which provides for the County (General Fund) and the Riverview Fire
Protection District (County District) to receive from the Pittsburg
Redevelopment Agency annual payments equal to the amounts of property tax
increment revenue the County and District would have received if the
Los Medanos Community Development Project Area - Amendment II had not been
adopted.
This agreement assures that the County and District will receive their fair
shares of property tax revenue in order to help finance public services
which will be required by future residents of the redevelopment project
area.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
XX RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATI OF BOARD COMMITTEE
XX APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON 77 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED
City of Pittsburg J.R. OLSSON, COUNTY CLERK
Auditor-Controller AND EX OFFICIO CLERK OF THE BOARD
Treasurer-Tax Collector t S
Riverview FPD c/o CAO
M362/7-68 BY �4.e=�� DEPUTY