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HomeMy WebLinkAboutRESOLUTIONS - 02231982 - 82/249_,;,. :2_ ) IN THE BOARD OF SUPERVISORS OF CONTRA CONTRA COUNTY, STATE OF CALIFORNIA In the Matter of Approval of Revised Property) Tax Agreement -Mt. View -) Vine Hill Annexation to ) City of Martinez ) RESOLUTION No. 82/2 49 WHEREAS, the Local Agency Formation Commission approved, on February 9, 1982, with boundary revisions, the Mt. View-Vine Hill Annexation to the City of Martinez and as a result, the City and the County have a 15 day period to renegotiate the existing property tax agreement for the annexa- tion; and WHEREAS, the County Administrator having presented a letter to this Board indicating that a renegotiated agree- ment has· been agreed upon with the City staff and recommending approval in concept of the revised terms; and WHEREll.S, the revised agreement provides for payment of $10.O,QO.O . .t:n property taxes. from the Shell Oil Company valuations fo_:i;-1982"'.'-1983, $200,000 f or 1983-1984 and $300,000 for 1984-1985. $,ucii an.iounts are to be o f fset by payments by the City to the Count~ for estimated County revenue losses of $518,000 which are to be.recovered during the f i rst three years of the agreement; and THEREFORE, BE lT RESDLVED BY THE BOARD OF SUPKR.VISORS 0 ,F CONTRA CQSTA COUNTY that the renegotiated agreement is APPROVED ;j.:n concept and the County Administrator is directed to finalize the a,5;1 ::i;,e.elilent for signature by the B'oard Chair after review by tfie County Counsel. PASSED by the Board on February 23, 1982, by the following vote: Orig: cc; AYES: NOES: ABSENT: Supervisors Powers, Fahden, Torlakson Supervisor Schroder (for the reason that he was concerned with the impact of reduced revenue on service provided countywide) Supervisor McPeak t ti ere by certify that this Is a true and correct copy of tin action t@k&n :.ind r.:r;tered on the minutes of the ioard of s _up:rrv~1aci s _on tt:o data storm. / / .~TTESTF.JJ: _ -~.f-...({!~8:4l:ff;)_ J.R. OL/2~':i-'; ~.1, l ;~~<..:))lT)l' ()l .. ER!{ and ex oi,' .. ,:o c:.:::-l, of ins Bosrd J , 4~~'1$1.~ County Adrnini.strator City-of Martinez County Counsel County Auditor LAFC RESOLU'rION NO . 82/2 49 I~ I