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Home My WebLink AboutMINUTES - 06031986 - X.22 For, X za THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on June J ,_i u ik , by the following vote: AYES: Supervisors McPeak, Schroder, Torlakson, Powers , Fanden NOES: None _ ABSENT: None ABSTAIN: None RESOLUTION NO. .86/305 SUBJECT: In the Matter of Master Property tax exchange agreement for annexations to the City of San Ramon The Board of Supervisors and the City Council of the City of San Ramon desire to enter into a master property tax exchange agreement governing all annexations to the City of San Ramon, ' for all territory in the present sphere of influence of the City. Accordingly, this board hereby approves the attached master property tax exchange agreement for allocation of property tax between the County of Contra Costa and the City of San Ramon upon such annexations , and authorizes the Chairman of the Board of Supervisors to sign said agreement of behalf of the County. I hereby certify that thle Is a true end c:-s:S cer an action taken end.enlered en ;;w Board of Super:: ors on the date shown., AT PHIL SATC LOR,C!;:k of the Board of Supervls s and Ccunty Ad:n!nlstratoi By ._, Deputy Orig. Dept.: County Counsel Cc: County Administrator LAFCO County Counsel Auditor City of San Ramon Resolution No. 86/305 MASTER PROPERTY TAX EXCHANGE AGREEMENT FOR ALLOCATION OF PROPERTY TAX BETWEEN THE COUNTY OF CONTRA COSTA AND CITY OF SAN RAMON UPON ANNEXATIONS (R.&T.C. .599 (d ) ) By Resolution 86 /305 _, adopted by the Board o.f Supervisors -of the County of Contra Costa , and by Resolution _86:_57___, adopted by the City Council of the City of San Ramon , the County of Contra Costa (County) and the City of San Ramon (City) agree as follows : 1 . The parties hereto wish to avoid the expense and delay of negotiating a property tax exchange agreement for each annexation to the City and to avoid the uncertainties of whether agreements can be reached in time to allow orderly , planned development . Accordingly , the parties intend that , notwithstanding any future changes in the law governing property tax exchange agreements , this master property tax exchange agreement , . under authority of Revenue and Taxation Code 599(d ) , shall bind the County and the City for the purpose of specifying the allocation of property tax revenues between the County and the City for all annexations to. the City which are completed from the effective date of this Agreement until termination as set forth in Paragraph 2 herein . 2 . This Agreement shall continue until terminated by mutual consent of the parties ; provided , however , than any annexations completed prior to termination of this Agreement shall continue to be subject to the allocation of property taxes established by this Agreement . 3 . The definitions of California Revenue & Taxation Code X95 and Government Code 5§56010-56081 shall apply herein . The following additional definitions shall apply: a . "Base tax" shall mean the total amount of property tax revenues subject to allocation under R.&T.C. 5S97 (a ) and (b ) , which are generated in the territory to be annexed . Notwithstanding the foregoing , base tax shall not include any property tax revenues allocated to any County free library or any amounts generated by the increased assessments under Chapter 3 . 5 of Part 0 . 5 of Division 1 of the Revenue and Taxation Code (commencing with 575 ) . b . "Annual tax increment " shall mean the total amount of property tax revenues subject to allocation under R.&T.C. 9997 (c ) and 98 , which are generated in the territory to be annexed . c . "Tax :Year" shall mean the annual period from July 1 through the succeeding -June 30 . d . "Dissolved County Service Area" shall mean the part of a County Service Area which is dissolved upon annexation of territory of the Service Area to the City . e . Bishop Ranch Development means. the territory described on the map attached as Exhibit A hereto , being approximately 585 acres_. 4 . For each tax year after the calendar year in which an annexation of territory of the Bishop Ranch Development is completed , the City shall receive a total of 1 ). all the Base Tax to which any dissolved County Service Areas would. be entitled and 13 . 8% of the Base Tax to wh-ich the County would be entitled , with .the County receiving the remainder and 2) all the Annual Tax Increment to which any dissolved County Service Areas would be entitled and 29. 8% of the Annual Tax Increment to which the County would be entitled , with the County receiving the remainder ; pro- vided , however, that such total amount to be received by City shall ' be reduced by an amount equal to 50% of the sum of the sales tax revenue and transient occupancy tax revenue received by the .City during the preceding tax year from the territory to be annexed . Any such reduction , however , shall not result in a "negative transfer" , i .e . , a net transfer from City to County . The total amount of transient occupancy tax and sales tax revenue received by the City during the preceding tax year from each territory annexed during the preceding calendar year 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 . 5 . For each tax year after the calendar year in which an annexation of territory of the Canyon Lakes Development or any other territory in the present sphere of influence of the City is completed, the City shall receive a total of 1 ) all the Base Tax to which any dissolved County Service Areas would be entitled and 13 . 4% of the Base Tax to which the County would be entitled , with the County receiving the remainder and 2) all the Annual Tax Increment to which any dissolved County Service Areas would be entitled and 33 . 8% of the Annual Tax Increment to which the County would be .entitled , with the County receiving the remainder . 6 . This Agreement is intended to govern only annexations of territory in the present sphere of influence of the City , as shown on the map attached. as Exhibit _ B hereto . 7.. The parties: intend that each annexation listed on Exhibit A be initiated by the owner of the property at approximately the time set forth in Exhibit A 8 . Th,e effective date of this Agreement is June 3 , 1986 . 9. If any clause , sentence or paragraph of this Agreement is held void or unenforceable , by .a court of law, the parties intend -2- that the- remainder of this Agreement sha.11 continue .to have full operative effect . Dated _(/h,� _L9� Dated _^June 3,-1986 City of San Ramon County of Contra Costa By• �-- — ---_--- -----— By:_ :_ — ............ G'� Cha (r Ti 13oard of Supervisors Attest : City Clerk I hereby centiby that the attached iz a batt, true and accurate copy oU a Masten Pnopehty Tax Agreement UoA Attocation oU PAopenty Tax Between the County o6 ContAa Costa and City oU San Ramon Upon Annexat�ons adopted by the City Coit oU the City o6 San Ramon tw--AZ on 3 /q 9,6 ` De&ty City Uen AIGOste soulever I 1 a z 4,^ Chevron U.S.A. Futuro BRanch Bishop Rh Development �� . 4 ,—•blf�f S ., L. Pacific Bell c •----'-�r mow"`-c a - 1 Bishop : .i 1 l Toyota -- — Y-- —— — Ranch 2 Bisho 8 ! ,�,_ Motor Sales ; >- IL P tc iio, Ranch ` g: U.S.A. 1 '.8•' Tw 4 _— $ L I LE Beckman Future Hotel Site j Interstate Highway 680 Bollinger Canyon i Interchange BISHOP RANCH PHASING PLAN Project Square Feet Annexation Year BR 11 & 12 230, 000 1986 BR 6 485 , 000 1987 µ BR 8 550, 000 . 1988 BR 2 185 , 000 1989 �iHotel/Retail/Health Club 450 rooms 150,.000 Upon. completion BR 1 ; 3 & 10 385 000 Upon completion . Future BR Development 1 , 400 ,000 Upon, completion Note : Light green is border of Bishop Ranch r ekb.`4 A ., a. R•! .40 I c •.^�/ rd I I \ �W �� l ,�.. .,r...« 1 i/ 'I R i''L• t:. !I I '/ ------------------ --- �l - --- - j - ----- - -^ \ t � .•p as \ .i I \ \r t :; 7 S f ..• f 1 Is ..^ �`. .1 __/ --II x• tR _...R.�\ '\ E .. /1• R� t 1 R; t / f •��„� Lr'.K \ R R� •,! ! / j�i•�,�g/J•�P R,//. 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