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HomeMy WebLinkAboutReso 036-86 HatfieldPropTaxExch RESOLUTION NO. 36- 86 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN AMENDING DUBLIN CITY COUNCIL RESOLUTION NO. 8-86, 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 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, 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; and WHEREAS, on January 27, 1968, the Dublin City Council held a noticed public hearing adopting Resolution No. 8-86 agreeing to the property tax revenue redistribUtion stated therein and finding that: A. 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. WHEREAS, on March 4, 1986, Dublin City Staff submitted said Resolution and requested the item be scheduled for consideration by the Board of Supervisors; and WHEREAS, on March 18, 1986, the Alameda County Board of Supervisors adopted Resolution No. R-86-213 approving Dublin City Council Resolution No. 8'86 regarding Property Tax Exchange; and WHEREAS, LAFCO Staff determined that three (3) separate annexation applications are required for the Hatfield/Investec annexation and that Resolutions relating to said annexation must reference the three (3) applications; NOW, THEREFORE, BE IT RESOLVED THAT the Dublin City Council does hereby amend City Council Resolution No. 8-86 to reflect the three (3) separate annexation appticationsrequired by LAFC0: Annexation No. 4 consisting of 11~63+ acres Annexation No. 5 consisting of .02 acres Annexation No. 6 consisting of 36.35 acres BE IT FURTHERRESOLVED that the Dublin City CoUncil does hereby agree to the property tax revenues redistribution method stated herein. PASSED, APPROVED AND ADOPTED this 14th day of April, 1986. AYES: Councilmembers Hegarty, Jeffery, Moffatt, Vonheeder and Mayor Snyder NOES: None ABSENT: None ATTEST: -2-