Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Resolution authorizing and agreeing to an exchange of property tax between the County of San Mateo and the City of Belmont for the proposed the annexation of 604-610 Harbor Boulevard
RECOMMENDATION:
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Adopt a resolution authorizing and agreeing to an exchange of property tax between the County of San Mateo and the City of Belmont for the proposed annexation of 604-610 Harbor Boulevard and detachment from the Harbor Industrial Sewer Maintenance and the Belmont Highway Lighting Districts.
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BACKGROUND:
Before the Local Agency Formation Commission (LAFCo) can schedule an annexation application for hearing, Revenue and Taxation Code Section 99 requires participating jurisdictions to agree to the amount of property tax to be transferred as a result of the proposed annexation and associated changes in the provision of municipal services. Upon notice by the Controller, the participating jurisdictions have a sixty-day statutory period to negotiate the property tax exchange under Section 99.
DISCUSSION:
A project applicant (Windy Hill Property Ventures) has applied to LAFCo for the annexation of the parcels known as 604-610 Harbor Boulevard (APNs 046-032-030, 046-032-040, 046-032-080, and 046-032-090) (collectively, "Parcels") to the City of Belmont and detachment of the Parcels from the Harbor Industrial Sewer Maintenance (HISMD) and the Belmont Highway Lighting District (BHLD). Following annexation, the City of Belmont will be responsible for providing the municipal services to the Parcels that are currently provided by HISMD, BHLD, and the County. The County and City were notified by the Controller on August 24, 2023, of the start of the sixty-day negotiation period.
County staff recommends a tax exchange that approximates relative property tax shares in nearby areas in the City. The Parcels curre...
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