Laserfiche WebLink
<br />SIN'C:djk <br />C:djk <br /> <br />01/08/87 (#18) <br />01/12/87R <br /> <br />1. This Council hereby determines, with respect to the <br /> <br />subject reorganization, the property tax revenues based upon <br /> <br />the1986-87 assessed valuation for the affected property will be <br /> <br />transferred in total to the City of Redwood City as follows: <br /> <br />a. From County of San Mateo to City of <br />Redwood Ci ty . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4 2 9 . 96 <br /> <br />b. From County Library Fund to City of <br />Redwood City.......................... $237.24 <br /> <br />c. From San Mateo County Fire Protection <br />Fund to City of Redwood City.......... $441.08 <br /> <br />2. In accordance with Section 3 (a) of Article XIIIB of the <br /> <br />Constitution of the State of California, the appropriation limit of <br /> <br />the City of Redwood City shall be increased by the amounts listed <br /> <br />above, and the appropriation limits of the transferor entities <br /> <br />described above shall be decreased by the same amount. <br /> <br />3. The City Clerk is hereby authorized and directed to <br /> <br />transmit copies of this resolution to the San Mateo County Local <br /> <br />Agency Formation Commission, and to the County of San Mateo, for <br /> <br />itself, the County Library Fund, and the County Fire Protection <br /> <br />Fund. <br /> <br />4. This resolution shall be effective upon its adoption and <br /> <br />operative upon the effective date of the subject reorganization. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />2 <br />