San Benito Local Agency Formation Commission Staff Report 1285 McCray Street / Toro Petroleum Annexation to the City of Hollister 2026-06-11
Tax Sharing Agreement Between Hollister and San Benito Governs Annexation
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Description
The City of Hollister and County of San Benito have an in-force Master Commercial and Industrial Agreement for Tax Transfer upon Annexation, effective since November 2021. For commercial annexations, including 1285 McCray Street, revenues are split 70% to the City and 30% to the County.
Contract Details
Vendor
COUNTY OF SAN BENITO
Agency
San Benito County, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Contract Term
Fifteen years from execution, with allocations in perpetuity for annexed properties
Renewal Date
2036-11-15
Renewal Info
Term is fifteen years from last signature; revenue-sharing allocations on annexed properties survive termination in perpetuity unless modified by joint agreement.
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