Resolution No. _____________

Board of Supervisors, County of San Mateo, State of California

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Resolution Making a 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 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 the agencies involved in an annexation of territory from one agency to the other agree to a property tax exchange as a result of the proposed annexation; and

WHEREAS, the San Mateo Local Agency Formation Commission (LAFCO) periodically receives applications for annexations of territory for which there is no property tax collected; and

WHEREAS, the LAFCO Executive Officer is prohibited by law from issuing a certificate of filing for such applications until the agencies determine, pursuant to Section 99 et. seq. of the California Revenue and Taxation Code, the amount of property tax revenues to be exchanged between and among the local agencies whose service areas or service responsibilities will be altered should the annexation occur; and

WHEREAS, it has been determined that there are no property taxes levied against public roadways and therefore no property tax revenue will be transferred between the County and a subject city for roadways or public rights-of-way proposed to be annexed by or to a city.

NOW, THEREFORE, THIS BOARD DOES HEREBY RESOLVE, DETERMINE AND ORDER THAT no property tax revenue will be transferred from the County of San Mateo to any City in the County for annexations solely involving a roadway.

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