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6.3A <br /> Attachment 1 Page 3 <br /> RES�LUTlON NO. <br /> RES�LUTtON MAKING DETERMINATION �F PROPERTY <br /> TAX EXCHANGE PURSUANT TO THE PROVISIONS OF <br /> CHAPTER 2$2, SECT(ON 59, PART 0.5, IMPLEMENTATION <br /> aF ARTICLE XIIIA OF THE CAUFORNtA C4NSTtTUTlON, <br /> COMMENCING WITH SECTION 95, DIVtS10N 1, OF THE <br /> REVENUE AND TAXATION CODE <br /> WHEREAS, state law requires that the County of San Mateo and the City <br /> of Redwood City agree ta a property tax exchange as a result of the proposed <br /> annexation o# the parcels an A(ameda De Las Puigas to the City of Redwood <br /> City; and <br /> WHEREAS, the County and City have agreed on certain other matters <br /> relating ta the p�opased annexatian; and <br /> WHEREAS, the subject determination has been made prior ta and as a <br /> condition preceden# to the Executive Officer of the Local Agency Formation <br /> Commissian issuing the Certificate of Filing on said proposal; and <br /> WHEREAS, the City o# Redwood City irt making this de#ermination has <br /> reviewed the proposed property tax exchange and the amount of said exchange; <br /> and <br /> WHEREAS, it has been agreed that property tax revenue produced by an <br /> incremental factor of .0723374599 for the affected prope�ties wiil be transfe�red <br /> between the County Fire Protection District (Tax Code Area 73-019) and the City <br /> of Redwood City; and <br /> WHEREAS, it has been agreed that property tax revenue produced by an <br /> incremental factor of .0389Q72175 for the affected properties will be transferred <br /> am�R�so��so.�a1 s � <br /> 043008 <br />