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HomeMy WebLinkAbout036-84 DAN~LLE Town of Danville 542 San Ramon Valley Boulevard Danville, CA 94526 (415) 820-6337 Resolution No. 36-84 Resolution of the City Council of the City of Danville Establishing a Property Tax Exchange Agreement for the Lowell Drive Annexation (LAFC 84--6) WHEREAS, as the City Council of the City of Danville has not adopted a policy governing property tax exchange agreements for property annexed within its boundaries; and WHEREAS, a property tax exchange agreement is required for the Lowell Drive parcel prior to action by the local agency formation commission; and WHEREAS, the exchange of revenue for the Lowell Drive parcel would have insignificant impact on the City's finances; NOW, THEREFORE BE IT RESOLVED: that the City Council of the City of Danville agrees that the terms set forth in the interim master property tax agreement be applied to the proposed Lowell Drive annexation (LAFC 84-6); and That the City Council of the City of Danville does not obligate the City to the imposition of those provisions in any other annexation within City Boundaries. PASSED, APPROVED AND ADOPTED this 12th day of April 1984, by the following vote: AYES: May, Mc Neely, Schlendorf, Lane NOES: None ABSENT: Of f enhartz ATTEST:--/~f~.~4-~J~'"~ ~,.2!i~~~/_~ City Clerk ~/