Resolution - 6228•
RESOLUTION NO 6228
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE
COUNTY OF LOS ANGELES AND THE CITY COUNCIL OF THE CITY
OF WEST COVINA APPROVING -AND ACCEPTING NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION OF
UNINCORPORATED TERRITORY TO THE CITY OF WEST COVINA
"EASTERLY ANNEXATION NO. 229"
WHEREAS, pursuant to Section 99 of the Revenue and
Taxation Code, prior to the effective date of any jurisdictional
change the governing bodies of all.agencies whose service areas
or service responsibilities would be altered by such change must
determine the amount of property tax revenues to be exchanged
between the affected agencies and approve and accept the nego-
tiated exchange of property tag; revenues by resolution; but
if the affected agency is a special district, the Board -of.
Supervisors must negotiate on behalf of the district, and
WHEREAS, the Board of Supervisors of the County of
Los Angeles and the City Council of the City of -West Covina have
determined that the amount of property tax revenues to be
exchanged between their respective agencies as a result of the
annexation of unincorporated territory to the City of'West Covina,
entitled "Easterly Annexation No. 229" is as set forth below.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. -The negotiated exchange of property tax revenues
between the County of Los Angeles and the City'of west Covina
• resulting from the annexation of unincorporated territory to the
City in the annexation entitled "Easterly Annexation No. 229"
is approved and accepted.
. 2. For fiscal years commencing on and after July 1, 1980,
property tax revenue in the amount of Five Hundred and Seventy -Six
Dollars ($576) is ordered transferred from the County of Los Angeles
to the City of West Covina. In addition, for each fiscal year
commencing on and after July 1, 1981, Twenty and Five -Tenths Percent
(20.5%) of Los Angeles County's share of the incremental tax growth
attributable to the "Easterly Annexation No. 229" area shall be
transferred to the City of West Covina.
3. For fiscal years commencing on and after July 1, 1980, all
property tax revenue received by the Consolidated Fire Protection
District of Los
Angeles
County
attributable to
the West Covina
"Easterly
Annexation No.
229" area
shall
be transferred
to the.County of
• Los Angeles.
4. For fiscal years commencing on and after July 1, 1980, all
property tax revenue received by the Road District #1 attributable to
the West Covina "Easterly Annexation No. 229" area shall be trans-
ferred to the County of Los Angeles.
5. No additional transfer of property tax revenues shall be
made from a special district to the City of West Covina as, a
result of this annexation.
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The foregoing resolution was adopted by the Board of. Super-
visors of the County of Los Angeles and the City Council of the City
of West Covina.
1 Y OF LOSELES
CITY OF WEST COVINA f ^51
Mayor ~",�', ;.. C-ha-r,-nan, Board o•f Supervisors
JAMES S. MIZE, Executive Officer-
=_::;' yam' Clerk the Board of ervis.ors
By �— By - - -
City er—�k r --- Deputy
-day of 1930�/ o?� day of _ 1980
APPROVED AS TO FORM:
City Attorney
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