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property tax revenue equivalent to the share of property tax revenue received by the <br /> County taxing agency or special district in the territory proposed for annexation.The <br /> County shall receive an allocation of computed property tax revenue equivalent to <br /> its current share of property tax revenue in the territory proposed for annexation plus <br /> the share or shares of property tax revenue allocated to it in Section B above, less <br /> the share of computed property tax revenue allocated to the City in Section A above, <br /> and in Section C above, as applicable. <br /> D. In the event that this annexation includes or results in the detachment of one or more <br /> parcels or portions thereof from the City and those parcels or portions thereof are <br /> transferred to the County or to another jurisdiction,the City hereby waives any right, <br /> interest, or claim to property tax on such parcels or portions thereof as identified in <br /> Exhibit A. The parcels or portions thereof shall be transferred to the County or <br /> jurisdiction subject to the conditions of paragraphs A through D as specified in this <br /> Agreement. <br /> This exchange of property tax revenues will be effective as to each property annexed <br /> within the subject annexation area for the fiscal year following the filing with the State Board of <br /> Equalization of the Certificate of Completion for such property providing the filing occurs prior <br /> to December 31 of the preceding year <br /> CITY OF PLEASANTON <br /> Dated: <br /> City Manager <br /> APPROVED AS TO FORM: <br /> Daniel G. Sodergren,City Attorney <br /> COUNTY OF ALAMEDA <br /> Dated: <br /> President, Board of Supervisors <br /> APPROVED AS TO FORM: <br /> County Counsel <br />