RESOLUTION NO. _____________

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 XIIA OF THE CALIFORNIA CONSTITUTION, COMMENCING WITH SECTION 95, DIVISION I, OF THE REVENUE AND TAXATION CODE

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

WHEREAS, state law requires that an annexation application may not be processed until the County and the City agree to the amount of property tax that will be transferred;

WHEREAS, the County and the City of Daly City 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 Foundation Commission issuing the Certificate of Filing on said proposal;

WHEREAS, the County of San Mateo in making this determination has reviewed the proposed tax exchange and the amount of said exchange;

WHEREAS, it has been agreed that property tax revenue produced by an incremental factor of 0.0495379433 for the affected properties will be transferred between the County (Colma) Fire Protection District (Tax Code Area 059-010) and the City of Daly City;

WHEREAS, it has been agreed that property tax revenue produced by an incremental factor of 0.02649224661 for the affected properties will be transferred between the County (Broadmoor) Police District (Tax Code Area 059-010) and the City of Daly City;

WHEREAS, it has been agreed that property tax revenue produced by an incremental factor of 0.0124544883 for the affected properties will be transferred between the County (Colma) Lighting District (Tax Code Area 059-010) and the City of Daly City;

The property tax incremental factor to be transferred from the County (Colma) Fire Protection District (Tax Code Area 059-010) to the City of Daly City is 0.0495379433.

The property tax incremental factor to be transferred from the County (Broadmoor) Police District (Tax Code Area 059-010) to the City of Daly City is 0.02649224661.

The property tax incremental factor to be transferred from the County (Colma) Lighting District (Tax Code Area 059-010) to the City of Daly City is 0.0124544883.

The property tax incremental factor to be transferred from the County of San Mateo (Tax Code 053-010) to the City of Daly City is 0.0324907392.

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