Agmt09 San Mateo, County of - Laserfiche WebLink

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..� - - . . ;. DUPIICATE � . `` ORIG(NAL � FIRST ADDENDUM TO AGREEMENT BETWEEN THE COUNTY OF SAN MATEO AND THE CITY OF REDWOOD CITY TO TOLL STATUTES OF LIMTTATIONS FOR CLAIMS REGARDING PROPERTY TAX ADNfINISTRATION FEES " WHEREAS,the City of Redwood City(the"City")and the Count3�of San Mateo (the • "County")(collectively the"Parties")may become involved in litigation regarding the County's calculation of the property tax administration fee(the"PTAF") as related to the Triple Flip(Rev. &Tax Code§97.68)and the Vehicle License Fee swap(Rev. &Tax Code§97.70)that the County charges the City,pursuant to the Revenue and Taxation Code,beginning in the fiscal year2004-2005; WHEREAS,the City filed a claim with the County seeking a refund of the amount of PTAF that the City claims the County overcharged the City in the 2006-2007 and 2007-2008 fiscal years; WHE�2EAS the County denied the claim and the Parties entered into a tolling agr�ement, on February 1�, 2009,�a copy of which is attaehed hereto as Elchibit"A"(the"Tolling AgreemenY'); V�'HEREAS,the City has now submitted a claim with tl�e Coun.ty scelcing a refund of the amount of PTAF that the City claims the County overcharged the City in the 2008-ZU09 fiscal year(the"2U08-2U09 Claim"); WHEREAS,the Parties now wish to bring the 2008-2009 claun within.,the scope of the Tolling Agreement; NOW,TH�RE�ORE,THE PARTIES AGREE-AS FOLLOWS: � 1. �The Parties agree to toll the applicable statutes of Iimitations€or either party to fil�a elaim, complaint,or petition against the other with respect to the calculatian of the PTAF for the 2U08-2009 fiseal year,including,but not limited to, the applicable statutes of limitations for the City to file a complaint or petition seeking a refund or reailocation to the City of the PTAF that tfie City contends the County overcharged the City for the 2008-2009 fiscal year, wl�ich the City contends resulfed in an under-allocation of pmperty taxes to the City for the 2048-2009 fiscal year. . 2. The City and the County agree not to file any claims and not to initiate or participate in litigation against each other related to xhe PTAF for the 20U8-2009 fiscal year while this agreement is in effect. , 3. This agreement constitutes the entire understanding of the Parties with respect to the tolling of the City's and the County's claims as set forth in Section 1 above,arid correctly states the rights, duties, and obligations of each Party as of the effective date of this agreement. �Any prior understandings,promises, negotiations,or representations be�ween the parties not expressly stated in this docwnent aze not binding. 4. Subsequent modifications of this agreement,including but not limited to the extension or amendment of the agreement, shall not be valid or effective unless set forth in 1