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TO: HONORABLE MAYGR and CITY COUNCIL <br />FROM: quid R. Zamo <br />1992 <br />munity Development <br />SUBJECT: Resolution determining the property tax transfer between the County of <br />San Bernardino and the City of Colton as a result of the annexation of <br />LAFCO 2729 to the City. <br />BACKGROUND: <br />State law requires that agreement on distribution of property tax relating to proposed <br />boundary changes be reached before the Local Agency Formation Commission (LAFCO) <br />issues a Certificate of Filing. <br />In the case of LAFCO 2729, which involves the annexation of a residential structure within <br />the City, the agreement necessitates the adoption of a resolution determining the transfer <br />of property tax revenues, as a result of the annexation. <br />RECOMMENDATION: <br />Staff recommends the adoption of the attached Resolution approving the agreement <br />between the County of San Bernardino and the City of Colton. <br />CITY MANAGER'S CONCURRENCE: <br />CITY OF COLTON <br />COMMUNITY DEVELOPMENT DEPARTMENT <br />PLANNING DIVISION <br />Attachment: City of Colton Resolution <br />San Bernardino County Resolution <br />X- <br />E <br />N <br />LD <br />W <br />Agenda Report CLAF2729 PAGE 1 OF 1 <br />0 <br />E <br />I <br />C <br />W <br />T <br />