HomeMy WebLinkAboutItem 4.04 Hatfield Dev PA 85-035 (2) AGENDA STATEMENT
CITY COUNCIL MEETING DATE: January 27, 1986
SUBJECT: PA 85-035 Hatfield Development
Cor oration/Investec, Inc.
EXHIBITS ATTACHED: A - Draft Resolution regarding
Property Tax Revenue Agreement
RECOMMENDATION: Adopt Resolution
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FINANCIAL STATEMENT: The agreement is part of the annexation
proposal which will have a negligible
fiscal impact on the City.
DESCRIPTION: The City Council has previously directed
Staff to apply to the Alameda County Local Agency Formation
Commission (LAFCO) for annexation of the Hatfield/Investec
project site. The project site involves approximately 46 acres
that are now outside the City Limits. The City and Alameda
County must agree to exchange property tax revenue. The typical
agreement has been drafted for City Council consideration.
Staff recommends that the City Council adopt the resolution
regarding the property tax revenue agreement.
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ITEM NO. 4,w
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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AGREEING TO AN EXCHANGE OF PROPERTY TAX REVENUE CONCERNING
PA 85-035 HATFIELD DEVELOPMENT CORPORATION - INVESTEC., INC.
PREZONING AND ANNEXATION APPLICATION
WHEREAS, Hatfield Development Corporation - Investec,
Inc. , submitted an application requesting that the City prezone
to a Planned Development (PD) District 46+ acres lying outside
the western boundary of the City of Dublin with a concurrent
request that the City initiate an application to the Alameda
County Local Agency Formation Commission (LAFCO) for annexation
of the 46+ acres into the City of Dublin.
WHEREAS, Section 99 of the Revenue and Taxation Code
(AB 8) provides, among other things, that no local agency juris-
dictional 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, the Alameda County Board of Supervisors
(Resolution No. 186574) have developed a method for equitably
distributing the property taxes; and
WHEREAS, each specific annexation needs a resolution
from both the City and County agreeing to the exchange of
property tax revenues for the annexation to be completed and
filed with the State;
NOW, THEREFORE BE IT RESOLVED:
A. That for the said annexation by the City of Dublin (which
will be first effective for the fiscal year following the filing
of the Certificate of Completion with the State Board of
Equalization providing the filing occurs prior to December 31 of
the preceding year) , the Auditor-Controller of the County of
Alameda shall be directed to cause an exchange of property tax
revenues pursuant to the following provisions of paragraph
numbers 1 and 3 of Exhibit "A" of the property tax revenues
redistribution method developed by the -Alameda County Board of
Supervisors.
1 ) In all annexations involving developed or developing
residential territory, as well as mixed residential/
commercial areas and vacant or underdeveloped industrially-
zoned areas, the City would automatically be entitled to
receive an allocation of the County' s general fund computed
property tax revenue from that area, equal to the City/
County' s existing allocation percentage ratio within its
corporate limits;
3 ) In the event that a City assumes full responsibility
for a service or services presently provided by a separate
County Taxing agency or special district within a territory
proposed to be annexed, pursuant to Revenue and Taxation
Code Section 99 (b) , the County will endeavor to transfer to
the City the entire computed property tax revenue presently
allocated to such County agency or district from said area.
B. The City certifies that there is no significant commercial
and/or industrial development in the proposed annexation.
EXHIBIT A
BE IT FURTHER RESOLVED that the Dublin City Council
does hereby agree to the property tax revenues redistribution
method stated herein.
PASSED, APPROVED AND ADOPTED this th day of
1986.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
City Clerk
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