HomeMy WebLinkAboutReso - CC - 043-19875/13/87
RESOLUTION NO.43-87
RESOLUTION MAKING DETERMINATION OF PROPERTY
TAX EXCHANGE
RESOLVED, by the CITY OF BURLINGAME that,
WHEREAS, State law requires that the City_of Burlingame and
the Town of Hillsborough agree to a property tax exchange as a
part of the proposed detachment of Lands of Newson from the Town
of Hillsborough and annexation of said lands to the City of
Burlingame.
WHEREAS, the City of Burlingame in making this determinations
has reviewed the proposed property tax exchange and the amount of
said exchange; and
WHEREAS, it has been agreed that property tax revenue
produced by an incremental factor of.1870643336 for the affected
properties will be transferred from the Town of Hillsborough to the;
City of Burlingame.
NOW, THEREFORE, the City of Burlingame does hereby resolve,
determine, and order as follows: The property tax incremental
factor to be transferred from the Town of Hillsborough, (Tax Code
Area 06-001) to the City of Burlingame is: .1870643336.
In accordance with Section 3a of Article XIIIB of the State
Constitution, the appropriation limit of the City of Burlingame
shall be increased by the amounts indicated above, and the
appropriation limits of the Town of Hillsborough shall be decreased
the same amount.
The exchange of said revenues is approved conditioned upon
completion of the proposed annexation of Lands of Newson to
City of Burlingame and is effective immediately upon completion
the annexation.
Mayor
I, JUDITH A. MALFATTI, City Clerk of the City of Burlingame
hereby certify that the foregoing resolution was introduced at
regular meeting of the City Council held on the 18th day of
May 1987, and adopted thereafter by the following
ES: COUNCILMEN: AMSTRUP, BARTON, LEMBI, PAGLIARO
ES: COUNCILMEN: NONE
SENT: COUNCILMEN: MANGINI
City Cler
64..e &tv of Nur*um
SAN MATEO COUNTY
CITY HALL -501 PRIMROSE ROAD
BURLINGAME, CALIFORNIA 94010 TEL:(415) 342-8931
May 21, 1987
LAFCo
San Mateo County
Hall of Justice & Records
Redwood City CA 94063
Dear Sirs:
At its meeting of May 18, 1987, the Burlingame City
Council adopted Resolution 43-87 Making Determination
of Property Tax Exchange in reference to the lands
of David Newsom (APN 028-131-170). Newsom is requesting
annexation to the City of Burlingame from the Town of
Hillsborough.
Enclosed is a certified copy of Resolution 43-87.
Sincerely,
uc{ith A. Malfatti
ity Clerk
cc: Town of Hillsborough
City Planner