HomeMy WebLinkAboutMINUTES - 12101991 - 1.43 THE BOARD OF SUPERVISORS OF CONTRA COSTA. COUNTY, CALIFORNIA 1-043
Adopted this Order on December10, 1991 by the following vote:
AYES: Supervisors Schroder, McPeak, Torlakson, Powers
NOES: None
ABSENT: Supervisor Fanden
ABSTAIN: None
SUBJECT: Determination of Property Tax )
Exchange for the Morello/Midhill )
Annexation to the City of Martinez) RESOLUTION N0. 91/$O1
(LAFC 91-24)
WHEREAS, Section 99 of the Revenue and Taxation Code provides that a. City and
County shall agree by resolution to exchange property tax revenues among themselves
and any affected agencies in the event of a jurisdict-ional. change;. and.
WHEREAS, the Morel lo/Midhill. Annexation to the City of Martinez (LAFC 91-24)
involving annexation of territory to the City of Martinez is excluded from the
application of the master property tax transfer agreement between the City and the
County because the assessed value of the affected territory exceeds $10,000,000 and
the sales tax revenue from the affected territory exceeds. $5.,000 per year; and
WHEREAS, the City of Martinez and the County have agreed that, notwithstanding
the amount of the assessed value and the sales tax revenue generated in the territory
of the subject annexation, the master property tax transfer. agreement shall apply to
the annexation; and
WHEREAS, the application of the master agreement shall be subject to the
condition that the total amount of property tax revenues the City is to receive in
any tax year shall be reduced by an amount equal. to 60% of the sales tax revenue
received by the City during the preceding tax year from the area. annexed; and
WHEREAS, the total amount of sales tax revenue received by the City during the
preceding tax year, as specified above, shall be reported to the County
Auditor-Controller by August 1 of each year, and the Auditor-Controller shall have
the right to audit the City's books to verify such amount.
NOW, THEREFORE, BE IT BY THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY
RESOLVED that in accordance with Section 99 of the Revenue and Taxation Code the
property tax transfer for the affected agencies in the area of the Morello/Midhill
Annexation to the City of Martinez (LAFC 91-24) shall be in. accordance with the
master property tax agreement subject to the sales tax offset condition specified
above. Said property tax transfer agreement applies to affected territory as
submitted or revised by the Local Agency Formation Commission. This resolution does
not change the property tax revenues accruing to other agencies serving the subject
territory or the affected districts' rights to collect taxes for existing. bonded
indebtedness.
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: &ZY,4i� /U/ /0 c1/
Phil Batchelor, Clerk of the Board of
Supervisors and County Administrator-
By Deputy
cc: County Administrator
Auditor-Controller
County Counsel
Local Agency Formation Commission
City of Martinez
RESOLUTION NO. 91/ 801