HomeMy WebLinkAboutRESOLUTIONS - 01011998 - 1998-520 ,4 THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
ADOPTED this order on October 13, 1998 by the following vote:
AYES: Supervisors Uilkema, Gerber, DeSaulnier, Canciamilla and Rogers
NOES: None
ABSENT: None
ABSTAIN: None
RESOLUTION NO. 98/ 520
SUBJECT: Determination of Property Tax )
Exchange for Rancho Paraiso )
Annexation to the City of )
Walnut Creek )
(LAFC 940 )
WHEREAS, Section 99 of the Revenue and Taxation Code provides that a City and the County shall agree
by resolution to exchange property tax revenues among themselves and any affected agencies in the event of a
jurisdictional change; and
WHEREAS,the Rancho Paraiso Annexation to the City of Walnut Creek(LAFC 9840)involving annexation
of territory to the City of Walnut Creek 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
WHEREAS, the City of Walnut Creek and the County have agreed that, notwithstanding the amount of the
assessed value related to the territory of the subject reorganization, the master property tax transfer agreement
shall apply to the reorganization; and
THEREFORE, BE IT BY THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY RESOLVED
that the property tax transfer for the affected agencies in the area of the Rancho Paraiso Annexation to the City
of Walnut Creek(LAFC 98-40)shall be in accordance with the terms of the master property tax transfer agreement
between the City and the County for the fiscal year for which the State Board of Equalization makes the tax rate
area changes for this jurisdictional change. Said factors shall apply in subsequent years unless changed by the
mutual agreement of affected agencies or subsequent jurisdictional changes. Said increment tax allocation factors
apply to affected territory as submitted or revised by the Local Agency Formation Commission. This resolution
does not change the affected districts' right to collect taxes for existing bonded indebtedness.
I hereby certify that the foregoing 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: _ October 13, 1998
Phil Batchelor, Clerk of the Board of
Supervisors and County Administrator
By 4, A 06AAig
puty
cc: County Administrator
Auditor-Controller
LAFCO
City of Walnut Creek
RESOLUTION NO. 981 520