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Resolution 12493CITY OF ALAMEDA RESOLUTION NO. 12493 ADOPTING THE ALTERNATE METHOD OF PROPERTY TAX ALLOCATION WHEREAS, State law authorizes counties to adopt the Alternate Method of Distribution of Tax Levies and Collections and of Tax Sale Proceeds, commonly known as the "Teeter Plan" (Revenue and Taxation Code Sections 4701 and following); and WHEREAS, it is further declared to be the object of this alternative procedure to accomplish a simplification of the tax- levying and tax apportioning process; and WHEREAS, on October 5, 1993 the Alameda County Board of Supervisors approved the alternative method of Property Tax c) Apportionment for taxing agencies in Alameda County for whom the = County is the legal depository and other taxing agencies which request inclusion in the plan; and WHEREAS, the County of Alameda is not the legal depository for collection of taxes for the City of Alameda; and WHEREAS, the City of Alameda desires to participate in the alternative method of Property Tax Apportionment. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that the City of Alameda requests that it be included in the Alternative Method of Distribution of Tax Levies and Collections as defined and in accordance with Revenue and Taxation Code Section 4701 and the Teeter Plan general provisions established by the County shown in Attachment 1 to this resolution. General Provisions: • Mello Roos and 1915 Bond Act Assessments will be exempt from the "Teeter Plan." • • In addition to the base property tax, debt service obligations and special assessments will be included in the Teeter Plan unless otherwise excluded by the taxing agency. • Property taxes in default as a result of bankruptcy proceedings will be excluded from the Teeter Plan. • The Teeter Plan may be terminated under the provisions of Revenue and Taxation Section 4701. Taxing agencies may not opt out of the plan on an individual basis. • Taxes in default on property which remain unsold after auction and are deemed uncollectible by the County are exempt from the Plan. • • Escaped tax assessments on installment plans, where no interest or penalties are assessed, are exempt from the Plan. attaone 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 4th day of January , 1994, by the following vote to wit: AYES: Councilmembers Appezzato, Lucas, Roth and President Withrow - 4. NOES: Councilman Arnerich - 1. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 5th day of January , 1994. Patricia Calbreath, Deputy City Clerk City of Alameda