HomeMy WebLinkAboutMINUTES - 04281987 - 1.98 1x--098
TO,. BOARD OF SUPERVISORS
FROM: Phil Batchelor
County Administrator Contra
April 10, 1987 Costa
@ ,DATE: County
SUBJECT: PROPERTY TAX EXCHANGE AGREEMENT BETWEEN THE
TOWN OF DANVILLE AND THE COUNTY
RESOLUTION NO. 87/234
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Approve the attached agreement, which accomplishes the Board' s intent
related to the exchange of property tax revenues with the Town of
Danville upon annexation of their sphere of influence.
BACKGROUND:
Negotiations have been conducted since September of 1986. The
agreement calls for the County to transfer 10. 36 percent of its base
and 20.72 percent of its increment to Danville for those parcels which
are annexed to the City. Further, the agreement provides for a
reduction in the transfer of property taxes based upon sales tax
revenues from the proposed Blackhawk Shopping Center, after annexation
occurs.
CONTINUED ON ATTACHMENT; YES SIGNATURE: L' ►['T�
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OX BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON April f - 7 APPROVED AS RECOMMENDED X OTHER X
This Order is ADOPTED as RESOLUTION NO . 87/234
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A'TRUE
X UNANIMOUS (ABSENT III AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator. ATTESTED April 28 ,1987
1987
Auditor-Controller
City of Danville PHIL BATCHELOR, CLERK OF THE BOARD OF
LAFCO SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel
M382/7-83 BY (', ,DEPUTY