RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION AUTHORIZING THE PRESIDENT OF THE BOARD OF SUPERVISORS TO EXECUTE AN AGREEMENT WITH THE STATE DEPARTMENT OF FINANCE FOR PARTICIPATION IN THE STATE-COUNTY PROPERTY TAX ADMINISTRATION GRANT PROGRAM FOR FISCAL YEAR 2003-04

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

 

WHEREAS, the Board of Supervisors has previously authorized three agreements with the State Department of Finance to participate in the State-County Property Tax Administration Loan Program during fiscal years 1995-96 through 2002-03; and;

 

WHEREAS, program loan proceeds have enabled the Assessor-County Clerk-Recorder to substantially reduce assessment processing times and assessment appeals backlogs, and to successfully resolve on-going litigation with major taxpayers in the county; and ;

 

WHEREAS, County's participation in this program has contributed to the enrollment of assessed properties valued at more than $10 billion and to an increase of $100 million in property tax revenues during this time period; and

 

WHEREAS, Assembly Bill 589, which added Revenue and Taxation Code Section 95.35 which replaced the State-County Property Tax Administration Loan Program with the State-County Property Tax Administration Grant Program; and

 

WHEREAS, the Assessor-County Clerk-Recorder recommends that the Board of Supervisors approve the new agreement for the County's participation in the State-County Property Tax Administration Grant Program for fiscal year 2003-04; and

 

WHEREAS, the Board of Supervisors has been presented with a form of the agreement and has examined and approved it as to both form and content and desires to enter into it;

 
 

NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the President of the Board of Supervisors is authorized and directed to execute said agreement for and on behalf of the County of San Mateo, and the Clerk of this Board shall attest the signature thereto.

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