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RESOLUTION NO. 1248
A RESOLUTION OF THE CITY OF THE TOWN OF LOS ALTOS HILLS RELATIVE TO
AGREEMENT PURSUANT TO REVENUE AND TAXATION CODE SECTION 99 FOR
EXCHANGE OF PROPERTY TAX REVENUES FOR TERRITORIES AFFECTED BY A
JURISDICTIONAL CHANGE.
WHEREAS, subparagraph (b) of Section 99 of the Revenue and Taxation
Code requires that the Board of Supervisors negotiate an exchange of property
tax revenues with the city for territory affected by a jurisdictional change;
and,
WHEREAS, the cities and county wish to facilitate orderly and exped-
itious jurisdictional changes; and,
WHEREAS, the cities and the county have reached agreement pursuant to
the above referenced code section;
NOW THEREFORE, BE IT RESOLVED by the City of the Town of Los Altos Hills
that the annexing city shall receive the proportion of the one percent (1%)
property tax revenue previously received by the detaching special districts,
but not less than the proportion of the property tax received by the city in
that city's tax rate area composed of the same jurisdictionsreceiving a portion
of the one percent (1%) property tax;
BE IT FURTHER RESOLVED that this distribution formula shall be applied
to jurisdictional changes which were effective during fiscal year 1978-79
pursuant to subparagraph (d) of Section 99 of the Revenue and Taxation Code; and,
BE IT FURTHER RESOLVED that this distribution formula shall be applied to
all pending and future jurisdictional changes; and,
BE IT FURTHER RESOLVED that the County Auditor be notified of this Resolution
pursuant to subparagraph (b) of Section 99 of the above referenced Code.
REGULARLY passed and adopted this 5th day of December , 1979.
APPROV' D:
ATTEST: CITY 'OUNCIL
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City Clerk /Mak//