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HomeMy WebLinkAboutItem 8.5 West Dublin Tax Exchange Agreement (2) CITY OF DUBLIN AGENDA STATEMENT CITY COUNCIL MEETING DATE: -October 26, 1992 SUBJECT: Resolution Approving Agreement with County of Alameda Regarding Tax Exchange Upon Annexation of Western Dublin (Prepared by: Richard C. Ambrose, City Manager) EXHIBITS ATTACHED: 1 ) Draft Resolution 2) Draft Agreement /� 3) Tax Rate Area Map RECOMMENDATION!1\ dopt Resolution approving Agreement. FINANCIAL STATEMENT: See Below. DESCRIPTION: In conjunction with the consideration and adoption of the Western Dublin General Plan and Specific Plan, City Staff had entered into negotiations with Alameda County Staff to reach agreement on the amount of property tax shared between the City of Dublin and the County of Alameda. Those negotiations have resulted in the attached draft Agreement which is recommended for City Council consideration. TAX SHARING PROVISIONS The Agreement establishes the City and County's share of the one percent property tax for those areas within Western Dublin, which would be annexed to the City in the future. The share of the property tax which the City and the County will receive vary depending upon the Tax Rate Area in which the property is -located. (See Exhibit 3) The proposed tax to be shared varies because there is a varying amount of property tax available to be shared in each Tax Rate Area. The Tax Shares for each Tax Rate Area are described below. Tax Rate City's Area Description Tax Allocation 54-040(1) All Eden Development/All Schaeffer 27.278966% Development (except a portion of commercial property) 54-049(1) Portion of Schaeffer Development 24.264213% Commercial Property 54-050(2) Eden Canyon Road/I-580 Interchange 26.205727% (State Right-0f-Way) 54-061(2) Eden Canyon Road/I-580 Interchange 28.319409% (State Right-Of-Way) 55-001 Milestone Property (2 units) 28. 146667% Eden Open Space 75-001 Eden Open Space 28.319409% (1) The Agreement provides that the County's percentage of the property tax shall be applicable for this tax rate area, only if the area is detached from the Hayward Area Recreation District. City agrees to initiate detachment proceedings at the time of annexation. (2) The City property tax apportionment factor for this tax rate area only applies if this area is annexed for construction of a freeway interchange at Eden Canyon Road. As State Right-Of-Way, this area has no tax value. ---------------------------------------------------------------------- COPIES TO: ITEM NO. EY CLERK RENEGOTIATION PROVISIONS There are two provisions in the Agreement which would trigger a renegotiation of the tax allocation between the City and the County. First, the City and County would renegotiate if the City increases the ratio of medium high density dwelling units or medium density dwelling units to total dwelling units by more than 15% of the number of dwelling units in the approved Specific Plan (See Exhibit B of Agreement) , or increases the number of acres designated as commercial by more than 15% from the commercial acreage in the approved Specific Plan (See Exhibit B of Agreement) . Second, if the City approves a General Plan Amendment which increases the density in Tax Rate Area 55-001 (Milestone Property/Eden Open Space) , the City and County would renegotiate the tax allocation percentages for Tax Rate Area 55-001 only. FISCAL IMPACT At the time that the City Council adopted the Western Dublin Specific Plan, the Specific Plan included a Fiscal Cash Flow Model which projected a Cumulative Fiscal Surplus of $2.974 million for the City upon buildout of the Eden Development in the year 2018. This projected Fiscal Cash Flow was based upon 3, 050 units being built in the Eden Project and assumed the City would receive approximately 25.4% of the Property Tax Allocations. As part of the negotiation process with Alameda County, Economic Research Associates prepared a revised Fiscal Cash Flow Analysis based upon the renegotiated tax share allocations included in the draft tax exchange agreement. The revised Fiscal Cash Flow Analysis indicates that the revised tax allocation shares will substantially improve the positive fiscal impact of ' the Eden Development on the City- of Dublin. a:1026tax.agenda#10 RESOLUTION NO. - 92 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING AGREEMENT WITH COUNTY OF ALAMEDA REGARDING TAX EXCHANGE UPON ANNEXATION OF WESTERN DUBLIN WHEREAS, Revenue and Taxation Code section 99 requires local agencies whose service area or service responsibility will be altered by a proposed jurisdictional change to negotiate in an attempt to reach agreement. regarding the amount of property tax revenues to be exchanged between the local agencies upon the jurisdictional change; and WHEREAS, the local agencies affected by annexation of the territory known as western Dublin are the City of Dublin, the County of Alameda and the Hayward Area Recreation District; and WHEREAS, the Hayward Area Recreation District is a special district located within Alameda County; and. . WHEREAS, Revenue and Taxation Code section 99 (b) (5) provides that if a jurisdictional change will alter the service area or service responsibility of a special district, the board of supervisors of the county in which -the special district is located shall, on behalf of the special district, negotiate any exchange of property tax revenues; and WHEREAS, an agreement entitled "Agreement between County of Alameda and City of Dublin Regarding Transfer of Property Tax Revenues Upon Annexation of Property in Western Dublin, " a copy of which is attached hereto as Exhibit A, has been prepared; and WHEREAS, the City Council is familiar with the terms and provisions of the agreement and the City Manager recommends approval of the agreement; NOW, THEREFORE, BE IT RESOLVED THAT the City Council approves the agreement attached as Exhibit A and authorizes and directs the Mayor to sign the agreement. BE IT FURTHER RESOLVED THAT the City Clerk is directed to forward a certified copy of this resolution and the signed agreement to the Executive Director of LAFCO when the City submits an application to LAFCO for annexation of the area covered by the agreement. 1 Revised Septeaber 22, 1992 EXHUBIT PASSED, APPROVED, AND ADOPTED this day of 1992, by the following vote: —" AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk 114\Resol\28\tax 2 Revised Septenber 22, 1992 AGREEMENT BETWEEN COUNTY OF ALAMEDA AND CITY OF DIIBLIN REGARDING TRANSFER OF PROPERTY TAX REVENUES UPON ANNEXATION OF PROPERTY IN WESTERN DIIBLIN THIS AGREEMENT, dated for identification this day of 1992 , is entered into between the CITY OF DUBLIN (CITY) , a municipal corporation and the COUNTY OF ALAMEDA (COUNTY) , a political subdivision of the State of California. RECITALS A. CITY has adopted a general plan amendment and specific plan for WESTERN DUBLIN. B. CITY contemplates applying to the Local Agency Formation .Commission for annexation -of all or a -portion- of WESTERN DUBLIN. C. CITY and COUNTY desire to provide for the sharing of property tax .revenues upon annexation by CITY of lands within WESTERN DUBLIN. D. This Agreement is made pursuant to the provisions of Revenue and Taxation Code section 99 and shall constitute the agreement for exchange of property tax revenues required by Revenue and Taxation Code § 99 (b) (6) . E. The Hayward Area Recreation District ("HARD") is a special district located within the County of Alameda. F. Revenue and Taxation Code section 99 requires the local agencies whose service area or service responsibility will be altered by a proposed jurisdictional change to negotiate in an 114\Agree\28\Annex.wd Page 1 of 7 September 22, 1992 E)KHMIT °"�° attempt to reach agreement regarding the amount of property tax revenues to be exchanged between the local agencies upon the jurisdictional change. G. Revenue and Taxation Code section 99 (b) (5) provides that if a jurisdictional change will alter the service area or service responsibility of a special district, the board of supervisors of the county in which the special district is located shall, on behalf of the special district, negotiate any exchange of property tax revenues. H. The Board of Supervisors enters into this Agreement on behalf of the Hayward Area Recreation District, pursuant to Revenue and Taxation Code section 99. - - DEFINITIONS For purposes of this Agreement, the following definitions shall apply: a. WESTERN DUBLIN shall mean any and all property lying within the City of Dublin -Western _Dublin .Planning Area located to the west of CITY' s westerly city limits as shown in Exhibit A, attached hereto. AGREEMENT NOW, THEREFORE, in consideration of the promises and acts described herein, the CITY and COUNTY agree as follows: 114\Agree\28\Annex.wd Page 2 of 7 September 22, 1992 1. Recitals The foregoing recitals are true and correct and are part of this Agreement. 2 . Property Tax Transfer upon Future Annexations (a) Except as provided in paragraph 3 below, upon annexation to CITY of any property within WESTERN DUBLIN, CITY and COUNTY agree that CITY and COUNTY shall receive the following percentages of the full one percent ad valorem property tax and/or possessory interest tax from property in the following tax rate areas: City' s County' s Tax Rate Area Percentage Percentage - 54-040 27 . 278966% 31. 000000 54-049 24 . 264213% 35.941209% 54-050 26. 205727% 31. 000000% 54-061 -28. 319409% 36. 147839% 55-001 28 . 146667% 23 . 808452% 75-001 28 . 319409% 23 . 954437% (b) Except as provided in subsection (c) , the foregoing percentages constitute the property tax apportionment factors for CITY for each of the tax rate areas set forth above following annexation. (c) ,The property tax apportionment factors for CITY for tax rate areas 54-050 and 54-061 shall be applicable only to those areas within such tax rate areas that are annexed to CITY and are necessary for construction of the . freeway interchange at Eden Canyon Road. 114\Agree\28\Annex.wd Page 3 of 7 September 22, 1992 3 . Detachment from HARD COUNTY' S percentage of the one percent ad valorem property tax and/or possessory interest tax set forth in paragraph 2 (a) shall be applicable for the property currently in tax rate areas 54-040 and 54-049 only upon detachment of the property in such tax rate areas from the Hayward Area Recreation District. CITY agrees to initiate proceedings for detachment of such property from HARD at the time CITY initiates proceedings to annex such property. 4. Change in Tax Rate Areas In the event that the tax rate areas are changed from the above tax rate areas, . COUNTY shall adjust the tax apportionment factor for CITY for any new tax rate area(s) so that CITY receives the percentage of property tax revenues contemplated by this Agreement. 5. Renegotiation Upon Change in Densities. (a) If CITY increases the ratio of medium high density dwelling units to total dwelling units by more than 150, or increases the ratio of medium density dwelling units to total dwelling units by more than 15%, or increases the number of acres designated as commercial by more than 15% from the dwelling units and acreage shown in Exhibit B, attached hereto, the CITY and COUNTY agree to renegotiate the provisions by this agreement. In such event, both parties agree to renegotiate in good faith. (b) If CITY approves a general plan amendment which increases the density permitted by City Council Resolution No. 114\Agree\28\Annex.wd Page 4 of 7 September 22, 1992 88-92 for the property within tax rate area 55-001, the parties agree to renogotiate the percentages set forth in section 2 (a) for tax rate area 55-001 only. 6. Audit Upon reasonable notice, CITY shall have the right to audit the books and records of COUNTY to determine whether CITY is receiving its percentage share of property tax revenues, as provided for in this Agreement. 7. Retention of other revenues Following annexation, CITY shall retain all other revenues derived from or attributable to WESTERN DUBLIN normally received by a city on account of property within its city limits. 8. Additional Documents and Agreements The parties agree to cooperate in the execution of any additional documents or agreements which may be required to carry out the terms of this Agreement. Both parties agree to adopt resolutions accepting this exchange of tax revenues, if required by the executive officer of the Local Agency Formation Commission at the time of an application for annexation. 9. Successors This Agreement shall bind and inure to the benefit of all successors and assigns of the parties and any associates in interest, and their respective directors, officers, agents, servants, and employees, and the successors and assigns of each of them, separately and collectively. 114\Agree\28\Annex.wd Page 5 of 7 September 22, 1992 10. Construction of Agreement This Agreement shall be construed and enforced pursuant to the laws of the State of California. 11. Time of the Essence In entering into this Agreement, the parties recognize and agree that time is of the essence. 12. Notices Whenever notice is required hereunder; it shall be given to the parties as follows: To: City of DUBLIN: City Manager City of Dublin 100 Civic Plaza_ Post Office Box 2340 Dublin, CA 94568 To: COUNTY of Alameda:- County Administrator County of Alameda 1221 Oak -Street, Room -555 - - Oakland, CA 94612 13. Specific Performance This Agreement may be enforced by an action for specific performance and/or an action for declaratory relief and damages. The prevailing party in such an action shall be entitled to its attorneys ' fees. 14. Entire Agreement This document embodies the entire terms and conditions of the Agreement described herein. This Agreement may 114\Agree\28\Annex.wd Page 6 of 7 September 22, 1992 be executed in two (2) counterparts, each of which shall constitute an original. CITY OF DUBLIN Dated: Mayor Approved as to form: City Attorney COUNTY OF ALAMEDA Dated: Chairman of the Board Approved as to form: County Counsel 114\Agree\28\Annex.wd Page 7 of 7 September 22, 1992 I I 1-'�:, �,.' ,. 'y7 Figure 1-3 �.i '`' J 7. _ .1. I 1 't. I' 1'•� �r , . a• � L L,\ �,,, `• _` . , '^I y ,j I i• ,;(' :-P°� a \` i \ �. :i'� °'c 1 !..l !'!f ti �1., + ,I, , ' �:,� i'• �, �:,�,.v� ��=� .:�?, (, ,, astir WESTERN DUBLIN A. 1 `. :,>. )►, > _ �. r` ' r I J ) PROJECT AREA -h N• LEGEND a - - -- --�5--•' - '�•'� /..; \ .r ,� 1 rte- h CC�l�1._.1:.:..�._-^y'``l-c• •j. .,,. �.'s.: ��i�, r, 'a i:� _c/. /1, J ..I;,_i` :, .y�.'-.;: .•"j- \ i:.1. ,-.9 i^ a A" - (`>y>.-p,,",-�.�,`�.ti�.-:.�--j :a.Z f+�I.•;i !l ( '. . to R A '0 `N `�\t3 ` h Planning Area Boundary, ,w7 '(11 C .� �b � '�_�'_ �I J. "nl�. `''�i',-.i;.V�! �17.• ��..' +' '; (� ' '!%ors\( I \4 ,�:r�w�. r _s]i•. •".j, 'r'_cc.r.-`q .l�� '.�.. r-78. '_l �'��.? 1V7 i'. �'. - .�/i\. ti �� .,� ':�',, a ra _1 - •'4..J,-,w —___- g Property Line _ � •'• ��� :�`' �; �: ` AW •�`:' 1 1; -:�. ... �� _,`' fir;� ,t I. _ 0, _ u.f" 'C c -fl _'r..>e:•. \ ��,_��"`;'.:..';� 16. ,'-",i ' �' �. , ,:ter,' {�C ..Z.;-'� ,. ,�>: Boundary of '(I_ "s i I'__,-'I I I -L._ �'-ia , �� ;/1 ��`_.Z, r'i'_1 t w 1 ' _ -------- Supplementary .' :�^Yj�jl 0 (� ','1 -\i-A•C �1 t, '•~��. ' /' J�, -,.'.''�r. I _ A N R .4 )1 O N ` �'a�'•��;i / t Study Area �l(�::f�: ?i�, rr,i'�, I- .°..,>, r .oi ' F� l �; "i�, ; i•;r zo-1 :,r z, V,. �` 1 oI -f A Eden Canyon Ni o � Interchange Area �� ��C�p• I 1 r♦�• 1'1 `Jr,,y�r _ 1.- a`,,I .� ,!/ '.I,`� w,.eM,.nn _- .... _ .�;% 2• �. , � i \ 1� � l .nlg r•,�,i,�, y' �I � l 1 '_ � Ne, .. ' ;g9� � SAN RAMON: a C 4; ��'_,. }� l \�^11 �lj?era' fr�i' 'r�t ',�•'1� ,iii;-jl' 't .�� � .. 'p, 4:(•. .��F.-. ,f;i\ i , 1.1 .r--� �•,� T;•4,• -l_ „r' e,� .1 .•, _ f J / / }\ !'. _:o) r ll, r 4: !' t /. I ti•,.y ,T„ :C a �•p '•' ,,, y ' i 1'rr .,;...,7,, ,c I;( /- �' PROPOSED ANNEXATION 30, TO CITY OF DUBLIN 'G•'7 n°C' v , -.,'jl• ' �., I r. .I , 5' ANA- �'R n'.A i i4 ri�•/r'�t,, �11�'•�`�%, ,! �� 11 ',�'ti� r !, _ 'I, 'j o/. r t•.•�7:”' , '.�, ,rA N A n aet EASTERN. DUBLIN �; l.• 1 i, I I i EDEN DEVELOPMENT ' s I "� .� • `i°•""' ! - '.J � is -% ' + •' .l r: I � I' j GROUP r '".• I L.' /•, .� ', ';'.,`i' tl r( ,Ill i A •,i � I ' •Irwi '3 } d•_'v 4` r' , ..'c. ' CENTRAL DUBLIN I uc1 10 ` ){� 7,, ���„ 1 •"1.'r I: Q- ,_I 1 r .:j \ 1 I:, •'. , t - - 'l1_}.• -_ ' l t:\ ltd••• IS I' .t I ., � r V` l �{ i � Y._-r l .e '\t,' �., i �e�ip: ASTRO MILESTONE LAND i ' ia+ DEVELOPMENT CORPORATION ,'✓ rr►_ r E X H I B I T A i " +.ro. I SOURCE: WPM Planning Team.Inc. - mil. I ,i =RANCH_.RIOJECT --- -- - — -..._ ., N �` , WESTERN DUBLIN MORRIS T SC ER DONLAN CANYON PLEASANTON GPA • SP • EIR h PROPERTY HEIGHTS INC. PROJECT <.. TEAM, ' I-580 FREEWAY : A -----_--_- WPM PLANNING INC. WEST PLEASANTON v 'a L SAC BOAC ,20A( )a 2000' 3000' 5000' NORTH ............... .. . .... ei . ....:... .. Category Eden/Schaefer Cronin Morris Total Acres Total % i Hts.Acres Acres Acres RESIDENTIAL 676 2 2 6ff) 21% i Estate Residential(0.1-0.8 units/ac.) 18 — — 18 Single-Family Residential(0.9-0.6 566 2 2 units/ac.) 4 F Medium-Density Residential(6.1-14.0 71 — . — 71 units/ac.) i Medium High Density Residential - — 21 — .21 (14.1-25.0 units/ac.) COMMERCIAL 12 12 1�. Village Center 7 — 7 t 2 2 a Neighborhood Center — — f Freeway Commercial 3 — — —3 } PUBLIC/SEMI-PUBLIC 334 4 338 1090 ' j s Elementary School 10 — — 10 = Fire Station t Reservoir 17 — — 17 Park and Ride Facility 1 — — 1 s Other Pul3lic and Community 3053 4 — 309 Facilities i RECREATION/OPEN SPACE, 2,035 169 21 - 2,225 68% F 20 — 20 Neighborhood Parks — Golf Course 175 - — 175 Other Open Space 1,840 169 21 2,03D TOTAL ACREAGE 2,942 175 23 3,255 10096 Percent of Total Area 94% 5910 19.0 I Includes 4 acres in Village Center and one acre in Neighborhood Center. 3 Miscellaneous street area and other facilities where not included in another land use category. Includes 4 acres of Cronin Ranch access streets on Eden property. a Includes some ancillary residential unfits. E X H I B I T B '�denEtal:> ts :<::::« m ; of:Res Uni ..........._ :::.;:.;;>;:.. Eden/Schaefer Cronin Morris I Total Estate Residential 5 — - 5 Single-Family Residential 1,786 2 4 1,792 Medium-Density Residential 780 — — 780 Medium/High Density Residential 560 I — — I 560 Total 3,131 j 2 4 3,137 t Maximum allowable with Specific Plan. E X H I 8 I .T B Gvesfe�'vr D�r6�n /�rl»e�-a/�' Figure 3 LAND USE PLAN TAX 2A-TE/-}/2E Legend ' ` .;Y .. RESIDENTIAL ;: ' z° Estate Density_ 0-0.9ou's/acy " Single-Family` '.9-6DU'SiAC .•• .� � Medium Density!= ; ;x 51 ° 6.1-14 DUS/AC r ; OS °F ?� Y a" ' �... - 5 - D(01 Medium-High'Density.:;• 14.1-25 DU'S/AC COMMERCIAL Retail/Office {` \� VC - Village Commercial _ NC- Neighborhood Center o► Freeway Commercial :' ommercial .... - - �. N . / OS yo 26 i „4 i :/ t / `.� •i} / ' 7-0/'� ,•_� / `;; / �y 0� '� - r r PUBLIC/SEMI-PUBLIC/OPEN/OTHER OS ES Elementary School Palomare�I o�' �� OS t � Fire Station /' < ;Tr •`• �.' l m x Zb'oll - Reservoir Hills �' 4 : J� } OS - n Pr ject ' G FS -'% ; �;• nrq _ _ _ r nh `" PR Park&Ride Facility. b6 �z naive -.yam i:� pNyGN .8(Vp / - �; - , M ; ; NP Neighborhood Park CIS OS .;:..... NPr OS: `''• Linear Park t NP - _ _Y-' � a Golf Course (illustrative) , OS —S�"' ` F `fit OS Other Open Space OS' �K ----- Property Line t � X7.5':.:.:.::`_` •., . — Planning Area Boundary NC - ??/ooF -=°�' 'yf,;{r<.v _—— Powerlines(Existing) / Hansen Huls — — Stream Corridors OS / OS SOURCE: WPM Planning Teom,Inc. L o: ,J'�-=� 5TFtZ a� WESTERN DUBLIN ` Supplementary Study Area-B J' _ GPA SP EIR PR-. Off- ; Supplementary Study Area-A Donlan Canyon Project WPM PLANNING TEAM,INC. Rowell Ranch Rodeo Park i oar 13W :ear usv r+or+n i i