RECOMMENDATION(S):
ADOPT Resolution No. 2015/415 determining the allocation of property tax between the County of Contra Costa and the City of Concord for the Ayers Ranch Area.
FISCAL IMPACT:
This tax sharing proposal would provide for the County to share a portion of its current share of property taxes in the Ayers Ranch Area with the City of Concord. Under the terms of the agreement, the County will transfer 70% of its base property tax revenue and 70% of its increment revenues from the area to the City of Concord, estimated at $130,000 annually, upon annexation. (100% County General Fund)
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