County Manager's Office
October 28, 2002
BOARD MEETING DATE:
November 5, 2002
Honorable Board of Supervisors
Paul T. Scannell, Assistant County Manager
Property Tax Exchange - Town of Woodside
Approve a resolution authorizing a property tax exchange between San Mateo County and Town of Woodside for the proposed annexation of Greenways and Ward Way.
We have received from LAFCo the proposed annexation of Greenways and Ward Way to the Town of Woodside. The annexation is dependent upon the County and the Town agreeing to the amount of property tax that will be transferred.
This resolution keeps the commitment of responsive, effective and collaborative government and contributes to goal number 20, by basing the decision on careful consideration of future impact, rather than temporary relief or immediate gain and goal number 22 by collaborating with Woodside on strategic issues.
The total amount of taxes now coming to the County and available for exchange before the ERAF shift between the two agencies is $63,450. The Town will receive approximately $13, 708 and the County will retain approximately $49,742.
Town Manager, Town of Woodside