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THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on March 11 , 1986 , by the following vote:
AYES: Supervisors Fanden, McPeak, Torlakson, Powers .
NOES: None .
ABSENT: Supervisor Schroder.
ABSTAIN: None. .
SUBJECT: Determination of Property )
Tax Exchange for the North )
Concord Boundary Reorganization) RESOLUTION NO. 86/ 113
(LAFC 85-27 )
WHEREAS, Section 99 of the Revenue and Taxation Code provides that
the City and the County shall agree by resolution to exchange property
tax revenues among themselves and any affected agencies; and
WHEREAS, the North Concord Boundary Reorganization (LAFC 85-27 )
involving annexation of territory to the City of Concord is excluded
from the application of the master agreement between the City and the
County because of the amount of the assessed valuation of the territory
involved in the annexation; and
WHEREAS, the City of Concord and the County have agreed that the
terms of the master agreement shall apply to the subject annexation
except that the amount of the base property tax to be transferred to the
City from the County shall be half of the amount calculated by the
formula in the master agreement. All other terms of the master agrt�ment
shall apply.
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 North Concord Boundary Reorganization (LAFC 85-27) shall be
in accordance with the master property tax agreement between the City and
the County except that the amount of the base property tax to be
transferred to the City from the County shall be half of the amount
calculated by the formula in the master agreement. 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 ' right to collect taxes for
existing bonded indebtedness.
hereby certify that this Is a true coVrect copy of
an action taken and entered on iae: r-inutes of the
Board of Super rs on the date shown.
ATTESTED: I2�a�
PHIL BATCHELOR, Clerk of the Board
of Supervisors and County Administrator
By , Deputy
Ori.g County Ildmin strator
cc : Auditor--Controller
LAFCO
Public Works
City of Concord
RESOLUTION NO. 86/113