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Resolution 09268CITY OF ALAMEDA RESOLUTION NO. 9268 RELATING TO COUNTY-WIDE METHOD FOR REDISTRIBUTION OF PROPERTY TAX REVENUES FOLLOWING ANNEXATION WHEREAS, Section 99 of the Revenue and Taxation Code (AB 8) provides, among other things, that no local agency jurisdictional change (other than a city incorporation or a formation of a district) can be completed without the agencies affected by such change first having agreed upon a redistribution of property tax revenue from such area between and among said agencies; and WHEREAS, the Alameda County Mayors Conference on March 12, 1980, reviewed and endorsed a' equitable a policy proposal submitted by the Alameda County Administrator which, in pertinent part, calls for a redistribution of property tax revenues currently derived from an unincorporated territory which is pro- posed to be annexed to a city, in the following manner: 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's/County's existing allocation percentage ratio within its corporate limits; 2. Should a substantial portion of any annexation include a developed commercial area the County will undertake an analysis of non-property tax revenues vs. County service costs in deter- mining what portion, if any of the County allocation is redis- tributed; and 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 Sec. 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. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ALAMEDA that absent further statutory clarification and other factors, the aforementioned policy represents a method by which Constitutionally-limited property tax revenues can be rationally and fairly redistributed among agencies affected by an annexation. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 1st day of April, 1980, by the following vote, to wit: AYES: Councilmen Diament, Sherratt, Stone, Tillman and President Corica - 5. NOES: None. ABSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 2nd day of April, 1980. City Clerk of ameda