HomeMy WebLinkAboutReso 32-1982RESOLUTIONNO. 32-82
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AGREEING TO ACCEPT A NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUES BETWEEN THE CITY OF SOUTH
SAN FRANCISCO AND THE COUNTY OF SAN MATEO
WHEREAS, Section 99 of the Revenue and Taxation Code requires that the
County of San Mateo and the City of South San Francisco agree to an exchange of
property tax revenues as a result of the proposed annexation of Lands of Mantegani
to the City of South San Francisco; and
WHEREAS, the subject determination has been made prior to and as a con-
dition precedent to the Executive Officer of the Local Agency Formation Commission
issuing the CertifiCate of Filing on said proposal; and
WHEREAS, the City of South San Francisco in making this determination has
reviewed the proposed exchange of property tax revenues and the amount of said ex-
change;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South
San Francisco that:
1. The amount of property tax revenues to be transferred based on 1980-81
assessed valuation from the County of San Mateo to the City of South San Francisco
is $00.00.
2. The annual tax increment shall be allocated in the same manner in
future years.
3. In accordance with Section 3a of Article XIIIB of the State Constitu-
tion, the appropriation limit of the City of South San Francisco shall be increased
by the amounts listed above, and the appropriation limits of the transferor entities
described above shall be decreased by the same amount.
·
4. The exchange of said revenues is approved conditioned upon the
completion of the proposed annexation of Lands of Mantegani to the City of South
San Francisco and is effective immediately upon completion of that annexation,
I hereby certify thai~ the foregoing Resolution was regularly introduced
and adopted by the City Council of the City of South San Francisco at .a
regular meeting held on the 17th day of March , 19 82 , by the follow-
ing vote:
AYES:
NOES:
Councilmembers Ronald G. Acosta, Mark N. Addiego, Emanuele N. Damonte,
Gus Nicolopulos; and Roberta Cerri Teglia
None
ABSENT:
· None
e