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HomeMy WebLinkAboutMINUTES - 12182001 - C.117 j �,.SE:_L...O 70. BOARD OF SUPERVISORS �`, i=--� CONTRA COSTA FROM: JOHN SWEETEN - - - ' COUNTY COUNTY ADMINISTRATOR :,=' ST'9 COUI3'� DATE: DECEMBER 18, 2001 SUBJECT: AGREEMENT WITH CITY OF OAKLEY AMENDING THE PROPERTY TAX TRANSFER AGREEMENT SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION Recommendation: 1. APPROVE and AUTHORIZE the Chair, Board of Supervisors, to execute an agreement with the City of Oakley adjusting property tax revenue due the City resulting from a city-funded audit of the property tax transfer calculation in the comprehensive fiscal analysis for the incorporation of Oakley. 2. AUTHORIZE the Auditor - Controller to reduce the Designation for Litigation and Audit Exceptions by $424,172 and authorize payment to the City for property tax revenue adjustments covering fiscal years 1999-2000, 2000-2001 and 2001-2002. 3. APPROVE the attached appropriation adjustment, which transfers the funds from the Designation for Litigation and Audit Exceptions to the City of Oakley. Background: . In June, 1998, the Local Agency Formation Commission (LAFCO) approved the comprehensive fiscal analysis for the incorporation of the City of Oakley. The plan required the County to transfer $641,179 in property tax revenue to the City annually for services to be assumed by the new City. After a vote of the electorate in 1999, the City incorporated on July 1, 1999. In 2001, the City retained the services of Muni Financial,a financial consultant, to analyze the financial plan to determine whether an appropriate amount of property tax revenue was being transferred to the City. The consultant found that the City should receive more property tax revenue because the County underestimated the cost of services transferred from the County to the City and because the original property tax revenue transfer amount was not adjusted by City assessed valuation growth for two fiscal years. CONTINUED ON ATTACHMENT: X YES SIGNATURE: ,----RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE �CAPPROVE OTHER c SIGNATURE(S): ACTION OF BO ON /�(�r�iy/ P f a�XJf APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS(ABSENT ,LCA�... ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. Contact:Tony Enea Cc:City of Oakley ATTESTED���• Auditor-Controller John Sweeten,CLERK OF THE BOARD O CAO, S AND COUNTY ADMINISTRATOR BY SUPE VISORDEPUTY I The County retained Economic and Planning Systems, a financial consultant, to review the City's claims. The County consultant agreed that an adjustment to the City's property tax revenue transfer is warranted. Over the last six months, the City and County staffs discussed this issue and arrived at a negotiated agreement. The attachment specifies the terms of this agreement. Essentially, the County agrees to pay the City an additional $424,172 covering three fiscal years and adjusts the property tax base for Oakley in future years. The City agrees to release the County from any further financial claims related to the property tax transfer. AGREEMENT AMONG THE COUNTY OF CONTRA COSTA, THE AUDITOR-CONTROLLER OF CONTRA COSTA COUNTY, AND THE CITY OF OAKLEY RELATING TO PROPERTY TAX TRANSFER This agreement, dated for identification this 18 day of December, 2001 is entered into between and among the County of Contra Costa ("County"), the Auditor-Controller of the County of Contra Costa ("Auditor"), and the City of Oakley ("City"). RECITALS A. The Local Agency Formation Commission ("LAFCO") of the County of Contra Costa approved the incorporation of City by LAFCO Resolution No. 97-17, dated June 24, 1998. Paragraph 21 of Resolution No. 97-17 provided that "[t]he amount of base property tax revenue transferred to the new City shall be $641,179 . . . ." B. The electorate voted in favor of the incorporation, and City was incorporated on July 1, 1999. C. Government Code Section 568101(c)(1) requires the Auditor to make certain determinations for the purpose of calculating the amount of property tax to be transferred to a new city upon incorporation. Section 56810(c)(2) requires County to submit certain information to LAFCO in order for LAFCO to make certain determinations for purposes of calculating the amount of property tax to be transferred upon incorporation. Section 56810(c)(3) then requires LAFCO to determine the amount of property tax to be transferred to the new city and further requires the Auditor to adjust this amount by the annual tax increment to the fiscal year in which the new city receives its initial allocation of property taxes. D. City received its initial allocation of property taxes in fiscal year 1999-2000, and subsequent allocations in 2000-2001 and 2001-2002 (first distribution). E. City retained the services of a consultant, MuniFinancial, to analyze the Auditor's and County's calculations in connection with LAFCO's determination of the property tax transfer, as approved by LAFCO in Resolution No. 97-17. F. City, based on its consultant's reports, believes that the amount of property tax that should have been allocated to City for the base year (fiscal year 1999-2000) is in excess of the amount approved by LAFCO, and that the amount of property tax that should have been transferred to City for fiscal year 1999-2000 is in excess of the amount Government Code Section 56810 was Government Code Section 56842 at the time of the LAFCO approval of the incorporation of the City of Oakley. Where appropriate herein, reference to a subsection of 56810 shall be deemed reference to the commensurate subsection of 56842 as at the time of LAFCO approval of the incorporation. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 1 of 5 of$641,179. County and Auditor have believed that the amount of the property tax approved by LAFCO is appropriate. G. City, County, and Auditor have agreed to resolve their disputes by entering into this agreement. This agreement is entered into in lieu of an action by City to contest the determinations relating to the amount of the property tax to be transferred to City, as authorized by Government Code section 56810(h), and in lieu of any other action at any time by City against either LAFCO, the County, the County Auditor or any other agency or official related to the property tax transferred to the City as a result of incorporation and in lieu of any action by the County, the County Auditor or any other agency or official against the City related to the property tax transferred to the City as a result of incorporation. AGREEMENT NOW, THEREFORE, in consideration of the promises and acts described herein, the parties agree as follows: 1. Recitals. The foregoing recitals are true and correct and are part of this agreement. 2. Allocation of Property Tax. In satisfaction of the requirements of Revenue and Taxation Code section 99(a)(2), Government Code Section 56810(c), and all other applicable law, Auditor shall add to City's base tax the sum of$153,611 (One Hundred Fifty-Three Thousand Six Hundred Eleven Dollars) for fiscal year 2001-2002 prior to adding the City's share of the tax increment (future growth) for the 2002-2003 fiscal year to the City's 2001-02 base tax. 3. Back Payments of Property Tax. County shall pay to City the total sum of$424,172 (Four Hundred Twenty- Four Thousand One Hundred Seventy-Two Dollars) as the difference between the property tax revenues the City received for fiscal years 1999-2000, 2000-2001, and 2001-2002 and what the City would have received if the adjustments and annual tax increment contemplated by the amount set forth in Paragraph 2, above, had been included for those years. Said total sum shall be paid on or before January 31, 2002. 4. Adjustments to Supersede LAFCO's Determinations re Property Tax Revenues. The adjustment to the City's base tax set forth in paragraph 2 above and the back payment to City set forth in paragraph 3 shall supersede the determinations and allocation of property tax revenues to City in LAFCO Resolution No. 97-17. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 2 of 5 5. Use by Auditor of Adjusted Property Tax Base. Auditor shall determine the property tax apportionment factors for each tax rate area within City, the annual tax increment to be allocated to City in fiscal years following fiscal year 2001-2002, and all other matters required by Chapter 6 of Division 1 of the Revenue and Taxation Code, commencing with section 95, using the City's base tax for fiscal year 2001-2002, as adjusted by the addition of$153,611 as set forth in paragraph 2 above, with any adjustments required by State law. 6. Property Tax Records. Upon reasonable notice to County and Auditor, County and Auditor shall provide access as required by law to any records maintained by County and/or Auditor relevant to the allocation of property tax revenues to City pursuant to this agreement. 7. Additional Documents and Agreements. The parties agree to cooperate in the execution of any additional documents or agreements, which may be required to carry out the terms of this Agreement. 8. Release. City agrees to release, acquit, and forever discharge County and Auditor, LAFCO, and any and all other affected agencies, and their agents, officers, and employees, from any and all claims, actions, causes of action, proceedings, damages, or accounting of whatever nature, whether known or unknown, existing or not yet existing, arising out of or in any way connected with (a) any determination made under Government Code Section 56810(c) at the time of LAFCO approval of the incorporation of City, (b) the determination and payment of the initial property tax allocation for City for fiscal year 1999-2000, (c) the determination and payment of the annual tax increments contemplated by Section 56810(c)(3), (d) the determination and payment of any and all property tax allocations for fiscal years 2000-2001 and 2001-2002 and (e) the base tax for fiscal year 2001-2002 as adjusted by the addition of$153,611 (see paragraph 2, above) to the extent such base tax is used in years subsequent to fiscal year 2001-2002 for calculation of the City's property tax allocations. 9. Successors. This agreement shall bind and inure to the benefit of all successors and assigns of the parties and any associates in interest, and their respective directors, officers, agents, servants, and employees, and the successors and assigns of each of them, separately and collectively. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 3 of 5 10. Construction of Agreement. This agreement shall be construed and enforced pursuant to the laws of the State of California. 11. Time of the Essence. In entering into this agreement, the parties recognize and agree that time is of the essence. 12. Notices. Whenever notice is required hereunder, it shall be given to the parties as follows: To: City of Oakley City Manager P.O. Box 6 3631A Main Street Oakley CA 94561 To: Auditor Auditor-Controller County of Contra Costa 625 Court St. Martinez, CA 94553 To: County of Contra Costa County Administrator County of Contra Costa 651 Pine Street, 11th Floor Martinez, CA 94553 13. Warranty of Legal Authority. Each party warrants and covenants that it has the present legal authority to enter into this Agreement and to do the acts required of it hereunder. 14. Disputes. Any dispute regarding the meaning or application of this agreement shall be resolved by binding arbitration by a 3-person panel selected through JAMS. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 4 of 5 15. Entire Agreement. This document embodies the entire terms and conditions of the agreement described herein. This agreement may be executed in three (3) counterparts, each of which shall constitute an original. 16. Effective Date. This Agreement shall be effective when signed by all parties. CITY OF OAKLEY Dated: Mayor AUDITOR-CONTROLLER Dated: Auditor-Controller COUNTY OF CONTRA COSTA COUNTY Dated: z u ' Chair f the Board of Supervisors J:\WPD\Mnrsw\563\001\2001Wgree\property tax transfer_121301.doc Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 5 of 5 AUDITOR-CONTROLLER USE ONLY CONTRA COSTA COUNTY FINAL APPROVAL NEEDED BY: APPROPRIATION ADJUSTMENT. QX BOARD OF SUPERVISORS T/C 27 F__j COUNTY ADMINISTRATOR ACCOUNT CODING BUDGET UNIT:0150 Risk Management EXPENDITURE ORGANIZATION SUB-ACCOUNT EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE 1500 3580 Contributions to Other Agencies 424,17200 0990 6301 Appropriations for Contingencies 424,17200 0990 6301 Appropriable New Financing 424,17200 424,172 00 1 848,344 00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER: Agreement with Oakley to amend 1999-2000 property tax transfer amount. BY: DATE COUNTY ADMA41STRATOR. BY: DATE 2—1 6— 0 BOARD OF SUPERVISORS: SUPERVISORS GIOIA,UILKENIA, YES: GERBER,DESAULNIER,GLOVER NO: (A-0-0 An,Clark of the Board of SIGNATURE TITLE Q DATE A Couoty Administrator > APPROPRIATION APOO DATE /� � � ADJ.JOURNAL NO. (M129 Rev 2/86) e ir7 CONTRA COSTA COUNTY ESTIMATED REVENUE ADJUSTMENT T/C 24 ACCOUNT CODING BUDGET UNIT: 0005 General County Revenue REVENUE ORGANIZATION ACCOUNT REVENUE ACCOUNT DESCRIPTION INCREASE <DECREASE> 0005 8981 Fund Balance Available 424,172 40 TOTALS 424,172 0 0 00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER: Reduce Litigation and Audit Exceptions Designation for Oakley agreement BY: / DATE /Z-147 COUNTY ADMINISTRATOR: BY: E DATE 2 —/0 O/ BOARD OF SUPERVISORS: YES: SUPERVISORS GIOIA,UILKEMA, GERBER,DESAULNIER,GLOVER NO: Joh weeten,Clerk of the Board of S ti�. �Q C�}o i2 tc/c/ S rvisors and County Administrator SIGNATOR TITLE DATE REVENUE ADJ. RAOO 5�/�^ BY: DATE��(JC�I JOURNAL NO. (M 8134 Rev.2/86) TO: BOARD OF SUPERVISORS SE•L CONTRA �c�:=_- •tom-_•�.� COSTA FROM: JOHN SWEETEN COUNTY ,,.i pl►. COUNTY ADMINISTRATOR �� Spq•COUl1'� C 117 DATE: DECEMBER 18, 2001 SUBJECT:AGREEMENT WITH CITY OF OAKLEY AMENDING THE PROPERTY TAX TRANSFER AGREEMENT SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION Recommendation: 1. APPROVE and AUTHORIZE the Chair, Board of Supervisors, to execute an agreement with the City of Oakley adjusting property tax revenue due the City resulting from a city-funded audit of the property tax transfer calculation in the comprehensive fiscal analysis for the incorporation of Oakley. 2. AUTHORIZE the Auditor - Controller to reduce the Designation for Litigation and Audit Exceptions by $424,172 and authorize payment to the City for property tax revenue adjustments covering fiscal years 1999-2000, 2000-2001 and 2001-2002. 3. APPROVE the attached appropriation adjustment, which transfers the funds from the Designation for Litigation and Audit Exceptions to the City of Oakley. Background: In June, 1998, the Local Agency Formation Commission (LAFCO) approved the comprehensive fiscal analysis for the incorporation of the City of Oakley. The plan required the County to transfer $641,179 in property tax revenue to the City annually for services to be assumed by the new City. After a vote of the electorate in 1999, the City incorporated on July 1, 1999. In 2001, the City retained the services of Muni Financial, a financial consultant; to analyze the financial plan to determine whether an appropriate amount of property tax revenue was being transferred to the City. The consultant found that the City should receive more property tax revenue because the County underestimated the cost of services transferred from the County to the City and because the original property tax revenue transfer amount was not adjusted by City assessed valuation growth for two fiscal years. CONTINUED ON ATTACHMENT: X YES SIGNATURE: ,"'RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE -.[APPROVE OTHER SIGNATURE(S1: ACTION OF BO ON Y.J CxJ_j APPROVED AS RECOMMENDED_ OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS(ABSENT /V/)r1 AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. Contact:Tony Enea Cc:City of Oakley ATTESTED Auditor-Controller John Sweeten,CLERK OF THE BOARD O CAO, SUVISORS AND COUNTY ADMINISTRATOR BY ,PE DEPUTY V The County retained Economic and Planning Systems, a financial consultant, to review the City's claims. The County consultant agreed that an adjustment to the City's property tax revenue transfer is warranted. Over the last six months, the City and County staffs discussed this issue and arrived at a negotiated agreement. The attachment specifies the terms of this agreement. Essentially, the County agrees to pay the City an additional $424,172 covering three fiscal years and adjusts the property tax base for Oakley in future years. The City agrees to release the County from any further financial claims related to the property tax transfer. i• AGREEMENT AMONG THE COUNTY OF CONTRA COSTA, THE AUDITOR-CONTROLLER OF CONTRA COSTA COUNTY, AND THE CITY OF OAKLEY RELATING TO PROPERTY TAX TRANSFER This agreement, dated for identification this 18 day of December, 2001 is entered into between and among the County of Contra Costa ("County"), the Auditor-Controller of the County of Contra Costa ("Auditor"), and the City of Oakley ("City"). RECITALS A. The Local Agency Formation Commission ("LAFCO") of the County of Contra Costa approved the incorporation of City by LAFCO Resolution No. 97-17, dated June 24, 1998. Paragraph 21 of Resolution No. 97-17 provided that "[t]he amount of base property tax revenue transferred to the new City shall be $641,179 . . . ." B. The electorate voted in favor of the incorporation, and City was incorporated on July 1, 1999. C. Government Code Section 568101(c)(1) requires the Auditor to make certain determinations for the purpose of calculating the amount of property tax to be transferred to a new city upon incorporation. Section 56810(c)(2) requires County to submit certain information to LAFCO in order for LAFCO to make certain determinations for purposes of calculating the amount of property tax to be transferred upon incorporation. Section 56810(c)(3) then requires LAFCO to determine the amount of property tax to be transferred to the new city and further requires the Auditor to adjust this amount by the annual tax increment to the fiscal year in which the new city receives its initial allocation of property taxes. D. City received its initial allocation of property taxes in fiscal year 1999-2000, and subsequent allocations in 2000-2001 and 2001-2002 (first distribution). E. City retained the services of a consultant, MuniFinancial, to analyze the Auditor's and County's calculations in connection with LAFCO's determination of the property tax transfer, as approved by LAFCO in Resolution No. 97-17. F. City, based on its consultant's reports, believes that the amount of property tax that should have been allocated to City for the base year (fiscal year 1999-2000) is in excess of the amount approved by LAFCO, and that the amount of property tax that should have been transferred to City for fiscal year 1999-2000 is in excess of the amount 1 Government Code Section 56810 was Government Code Section 56842 at the time of the LAFCO approval of the incorporation of the City of Oakley. Where appropriate herein, reference to a subsection of 56810 shall be deemed reference to the commensurate subsection of 56842 as at the time of LAFCO approval of the incorporation. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 1 of 5 of$641,179. County and Auditor have believed that the amount of the property tax approved by LAFCO is appropriate. G. City, County, and Auditor have agreed to resolve their disputes by entering into this agreement. This agreement is entered into in lieu of an action by City to contest the determinations relating to the amount of the property tax to be transferred to City, as authorized by Government Code section 56810(h), and in lieu of any other action at any time by City against either LAFCO, the County, the County Auditor or any other agency or official related to the property tax transferred to the City as a result of incorporation and in lieu of any action by the County, the County Auditor or any other agency or official against the City related to the property tax transferred to the City as a result of incorporation. AGREEMENT NOW, THEREFORE, in consideration of the promises and acts described herein, the parties agree as follows: 1. Recitals. The foregoing recitals are true and correct and are part of this agreement. 2. Allocation of Property Tax. In satisfaction of the requirements of Revenue and Taxation Code section 99(a)(2), Government Code Section 56810(c), and all other applicable law, Auditor shall add to City's base tax the sum of$153,611 (One Hundred Fifty-Three Thousand Six Hundred Eleven Dollars) for fiscal year 2001-2002 prior to adding the City's share of the tax increment (future growth) for the 2002-2003 fiscal year to the City's 2001-02 base tax. 3. Back Payments of Property Tax. County shall pay to City the total sum of$424,172 (Four Hundred Twenty- Four Thousand One Hundred Seventy-Two Dollars) as the difference between the property tax revenues the City received for fiscal years 1999-2000, 2000-2001, and 2001-2002 and what the City would have received if the adjustments and annual tax increment contemplated by the amount set forth in Paragraph 2, above, had been included for those years. Said total sum shall be paid on or before January 31, 2002. 4. Adiustments to Supersede LAFCO's Determinations re Property Tax Revenues. The adjustment to the City's base tax set forth in paragraph 2 above and the back payment to City set forth in paragraph 3 shall supersede the determinations and allocation of property tax revenues to City in LAFCO Resolution No. 97-17. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 2 of 5 5. Use by Auditor of Adjusted Property Tax Base. Auditor shall determine the property tax apportionment factors for each tax rate area within City, the annual tax increment to be allocated to City in fiscal years following fiscal year 2001-2002, and all other matters required by Chapter 6 of Division 1 of the Revenue and Taxation Code, commencing with section 95, using the City's base tax for fiscal year 2001-2002, as adjusted by the addition of$153,611 as set forth in paragraph 2 above, with any adjustments required by State law. 6. Property Tax Records. Upon reasonable notice to County and Auditor, County and Auditor shall provide access as required by law to any records maintained by County and/or Auditor relevant to the allocation of property tax revenues to City pursuant to this agreement. 7. Additional Documents and Agreements. The parties agree to cooperate in the execution of any additional documents or agreements, which may be required to carry out the terms of this Agreement. 8. Release. City agrees to release, acquit, and forever discharge County and Auditor, LAFCO, and any and all other affected agencies, and their agents, officers, and employees, from any and all claims, actions, causes of action, proceedings, damages, or accounting of whatever nature, whether known or unknown, existing or not yet existing, arising out of or in any way connected with (a) any determination made under Government Code Section 56810(c) at the time of LAFCO approval of the incorporation of City, (b) the determination and payment of the initial property tax allocation for City for fiscal year 1999-2000, (c) the determination and payment of the annual tax increments contemplated by Section 56810(c)(3), (d) the determination and payment of any and all property tax allocations for fiscal years 2000-2001 and 2001-2002 and (e) the base tax for fiscal year 2001-2002 as adjusted by the addition of$153,611 (see paragraph 2, above) to the extent such base tax is used in years subsequent to fiscal year 2001-2002 for calculation of the City's property tax allocations. 9. Successors. This agreement shall bind and inure to the benefit of all successors and assigns of the parties and any associates in interest, and their respective directors, officers, agents, servants, and employees, and the successors and assigns of each of them, separately and collectively. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 3 of 5 10. Construction of Agreement. This agreement shall be construed and enforced pursuant to the laws of the State of California. 11. Time of the Essence. In entering into this agreement, the parties recognize and agree that time is of the essence. 12. Notices. Whenever notice is required hereunder, it shall be given to the parties as follows: To: City of Oakley City Manager P.O. Box 6 3631A Main Street Oakley CA 94561 To: Auditor Auditor-Controller County of Contra Costa 625 Court St. Martinez, CA 94553 To: County of Contra Costa County Administrator County of Contra Costa 651 Pine Street, 11th Floor Martinez, CA 94553 13. Warranty of Legal Authority. Each party warrants and covenants that it has the present legal authority to enter into this Agreement and to do the acts required of it hereunder. 14. Disputes. Any dispute regarding the meaning or application of this agreement shall be resolved by binding arbitration by a 3-person panel selected through JAMS. Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 4 of 5 15. Entire Agreement. This document embodies the entire terms and conditions of the agreement described herein. This agreement may be executed in three (3) counterparts, each of which shall constitute an original. 16. Effective Date. This Agreement shall be effective when signed by all parties. CITY OF OAKLEY Dated: /� Z Mayor AUDITOR-CONTROLLER Dated: ) 2— 2-0— Of Auditor- ontroller COUNTY OF CONTRA COSTA COUNTY Dated: ) 2— ) %- 01 /Chair,�fthe Boa of Supervisors J:1WPD1Mnrsw1563\00112001\Agreelproperty tax transfer_121301.doc Agreement Between the County of Contra Costa, the Auditor-Controller of County of 12/18/01 Contra Costa, and City of Oakley Relating to Property Tax Transfer Page 5 of 5 AUDITOR-CONTROLLER USE ONLY CONTRA COSTA COUNTY FINAL APPROVAL NEEDED BY: APPROPRIATION ADJUSTMENT 0 BOARD OF SUPERVISORS T/C 27 F__j COUNTY ADMINISTRATOR ACCOUNT CODING BUDGET UNIT:0150 Risk Management EXPENDITURE ORGANIZATION SUB-ACCOUNT EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE 1500 3580 Contributions to Other Agencies 424,172 Co 0990 6301 Appropriations for Contingencies 424,17200 0990 6301 Appropriable New Financing 424,17200 424,172 00 1 848,344 00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER: Agreement with Oakley to amend 1999-2000 property tax transfer amount. BY: DATE COUNTY ADM ISTRATOR: BY: DATE 2—t 0— BOARD OF SUPERVISORS: SUPERVISORS GIOIA,UILKEMA, YES: GERBER,DESAULNIER,GLOVER NO: c, -0 2 j/olo JQ wogenr Clerk of the Board of SIGNATURE TITLE DATE erVlsor� County�idministrator APPROPRIATION APOO 50%3 BY: DATE ADJ.JOURNAL NO. (M129 Rev 2186) e 117 x CONTRA COSTA COUNTY ESTIMATED REVENUE ADJUSTMENT T/C 24 ACCOUNT CODING BUDGET UNIT: 0005 General County Revenue REVENUE ORGANIZATION ACCOUNT REVENUE ACCOUNT DESCRIPTION INCREASE <DECREASE> 0005 8981 Fund Balance Available 424,172 40 TOTALS 424,172 0 0 00 APPROVED EXPLANATION OF REQUEST AUDITOR-CONTROLLER: Reduce Litigation and Audit Exceptions Designation for Oakley agreement BY: / DATE /z-1z7 COUNTY ADMINISTRATOR: BY: DATE BOARD OF SUPERVISORS: YES: ,�i-ERViSORS G101A,UILKEMA, GERBER,DESAULNIER,GLOVER NO: Jo weeten,Clerk of the Board of S`� Ou " CA0 �t o/`, S rvisors and County ncministrator SIGNATOR TITLE Q DATE REVENUE ADJ. RAOO 5"D 0 BY: 4't G'L DATE �UJOURNAL NO. (M 8134 Rev.2186)