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HomeMy WebLinkAboutReso 118-96 Schaefer PropTaxExcRESOLUTION NO. 118 - 96 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN RELATING TO EXCHANGE OF PROPERTY TAX REVENUE FOR PA 96-037 SCHAEFER RANCH REORGANIZATION WHEREAS, Section 99 of the Revenue and Taxation code provides, among other things, that no local agency jurisdictional change can be completed without the agencies affected by such change first having agreed upon an exchange of property tax revenue between and among the affected agencies; and WHEREAS, there is presently pending an application for a reorganization by the City of Dublin entitled PA 96- 037 Schaefer Ranch Reorganization to annex territory to the City of Dublin and to the Dublin San Ramon Services District and to detach certain territory from the Hayward Area Recreation & Park District; and WHEREAS, the territory subject to the PA 96-037 Schaefer Ranch Reorganization is within "Western Dublin" as that area is defined in the "Agreement Between County of Alameda and City of Dublin Regarding Transfer of Property Tax Revenues Upon Annexation of Property in Western Dublin" ("Agreement"), dated October 26, 1992; and WHEREAS, paragraph 2 of the Agreement sets forth the agreement of the City Council of the City of Dublin and the Board of Supervisors of the County of Alameda on the method for distributing property tax revenue for annexations including the PA 96-037 Schaefer Ranch Reorganization; and WHEREAS, paragraph 8 of the Agreement provides that the City and County agree to adopt resolutions accepting this exchange of tax revenues, as required by the executive officer of the Local Agency Formation Commission at the time of application for annexation (see Agreement included as Attachment A to this Resolution). NOW, THEREFORE BE IT RESOLVED as follows: Section 1. That for the PA 96-037 Schaefer Ranch Reorganization, the Auditor-Controller of the County of Alameda shall be directed to cause an exchange of property tax revenues pursuant to the provisions of paragraph 2 of the Agreement, to wit: the City of Dublin shall receive the following percentages of the full one percent ad valorem property tax and/or possessory interest tax from the property annexed to the City of Dublin as part of the PA96-037 Schaefer Ranch Reorganization: Tax R~e Area 54-040 54-049 55-001 City's Percentage 27.278966% 24.264213% 28.146667% PASSED, APPROVED, AND ADOPTED this 15th day of October, 1996. AYES: Councilmembers Barnes, Burton, Howard, Moffatt, & Mayor Houston NOES: None ABSENT: None ABSTAIN: None K2/g/10 - 15 -96/reso-tax. doc