BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA
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RESOLUTION OF COUNTY OF SAN MATEO MAKING DETERMINATION OF PROPERTY TAX EXCHANGE PURSUANT TO THE PROVISIONS OF CHAPTER 282, SECTION 50, PART 0.5, IMPLEMENTATION OF ARTICLE XIIIA OF THE CALIFORNIA CONSTITUTION, COMMENCING WITH SECTION 95, DIVISION 1, OF THE REVENUE AND TAXATION CODE
RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that
WHEREAS, state law requires that the County of San Mateo (the "County") and the Midpeninsula Regional Open Space District (the "District") agree to a property tax exchange as a result of the proposed annexation to the District;
WHEREAS, the County and the District have agreed on certain other matters relating to the proposed annexation;
WHEREAS, the subject determination has been made prior to and as a condition precedent to the Execution Officer of the Local Agency Formation Commission issuing the Certificate of Filing on said proposal;
WHEREAS, the County of San Mateo in making this determination has reviewed the proposed property tax exchange and the amount of said exchange;
WHEREAS, is has been agreed that property tax revenue produced by an incremental factor of .0000000000 for the affected properties will be transferred between the County and the District.
NOW THEREFORE, THE COUNTY OF SAN MATEO DOES HEREBY RESOLVE, DETERMINE AND ORDERED AS FOLLOWS:
The property tax incremental factor to be transferred from the County to the District is .0000000000.
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