HomeMy WebLinkAboutCity Council Resolution 93-052
''''''''.'''''''.''''.'''''''.''.'''''''.'''''''.'''''''.'''''''' ..,,,,.,,,,,,,.,,,,,,,.,,,,,,,.,,,,,,..,,,,,",,,,,,,.,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,,,,,,,,,.,,,,,,'."'"''.''''''''''
''''''''''''''''''',,,,,,,,,,.,,,,,,,.,,,,,.,. ..",.",,,,,.,,,,,,,,,,,,,,,,,,,,,,,.,,,,,,,.,,,,,,,.,,,,,,,.,,,,,,.
RBSOLUTION NO. 93-052
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AGREEING TO A DISTRIBUTION OF PROPERTY TAX REVENUE UNDER THE
ALTERNATIVE METHOD OF DISTRIBUTION OF PROPERTY TAX LEVIES AND
ASSESSMENTS PROVIDED FOR IN SECTION 4715 OF THE REVENUE AND TAXATION
CODE rOR FISCAL YEAR 1994-95
WHEREAS, the Santa Clara County Board of Supervisors has adopted a
resolution which elects an alternative method of distribution of
property tax levies and assessments in accordance with Chapter 3 of
Part 8 of Division 1 of the California Revenue and Taxation Code and
WHEREAS, in said resolution the Director of Finance of said county
was directed to seek the approval of cities in the county to the
implementation of the alternative method authorized by the Law and
WHEREAS, such a request has been directed to the City of Saratoga and
WHEREAS, said Director of Finance estimates that the City of Saratoga
would receive a one-time increase in revenue from delinquent secured
property taxes of $54,306 in fiscal year 1993-1994, and
WHEREAS, the approval of this alternate method would make the annual
allocation of property taxes to the City of Saratoga more certain,
thereby increasing the accuracy of its revenue forecasting and
WHEREAS, it is the opinion of the City's Finance Director that the
net future property tax revenue and income from the investment of
proceeds will at least equal the annual revenue expected under the
current method of distribution in subsequent fiscal years.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Saratoga that the City of Saratoga agrees to the implementation of
the alternative method for the City of Saratoga, and
BE IT FURTHER RESOLVED, that the City Clerk shall cause a certifIed
copy of this resolution to be filed with the Clerk of the Board of
Supervisors.
The above and foregoing resolution was passed and adopted by the
Saratoga City Council at a regular adjourned meeting held on the 9th
day of November, 1993, by the following vote:
AYES:
Councilmembers Anderson, Burger, and Mayor Tucker
NOES:
ABSENT:
None
Councilmembers
Kohler and Mania ¡' ~ ~
c ¡-V4fA. ~.. ~~ ~
, , Mayor
ATTEST:
j},~C!.~
Deputy Citt7Clerk