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CC Resolution No. 8970 RESOLUTION NO. 8970 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO ELECTING THE ALTERNATIVE METHOD OF DISTRIBUTION OF PROPERTY TAX LEVIES AND ASSESSMENTS WHEREAS, Chapter 3 (commencing with Section 4701) of Part 8 of Division 1 of the California Revenue and Taxation Code (hereinafter called "the Law") authorizes a county to elect by resolution to adopt an alternative method of distribution of property tax levies and assessments on the secured roll made by a county on its behalf or as the tax- levying and tax-collecting agency for other political subdivisions; and WHEREAS, the Board of Supervisors of the County of Santa Clara has elected to implement the alternative method authorized by the Law; and WHEREAS, the city may participate in the alternative method of distribution of property tax levies. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Cupertino elects to participate with the County's alternative method of distribution of property tax levies authorized by the Law for the 1993/94 fiscal year and for all following years unless and until discontinued pursuant to the provisions of the Law. PASSED AND ADOPTED at a regular meeting of the City Council ofthe City of Cupertino this 4th day of October, 1993, by the following vote: Vote AYES: NOES: ABSENT: ABSTAIN: Members of the City Council Dean, Goldman, Koppel, Sorensen, Szabo None None None APPROVED: /s/ Nick Szabo Mayor, City of Cupertino ATIEST: ,'f /s/ Kim Marie Smith City Clerk