Resolution - 6230RESOLUTION NO 6230
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
"SOUTHERLY ANNEXATION NO. 231"
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 tax 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 "Southerly Annexation No. 231" 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 "Southerly Annexation No. 231"
is approved and accepted.
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2. For fiscal years commencing on and after July 1, 1980.
property tax revenue in the amount of Five Thousand, One Hundred and
Forty Dollars ($5,140) 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 "Southerly Annexation No. 231"-area shall be
transferred to the City of ;Nest 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 "Southerly
Annexation No. 231" 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 "Southerly Annexation No. 231" 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 Nest Covina.
CITY OF 1VE T COVINA ,f�CbUi1TY'F LOS ANT3F�S
L
Mayor airma .Board of Supervisors
'JAMES S. MIZE, Executive Officer -
.,Clerk the Board of S
ervisors
✓+ By
'BY'
City Deputy
C e k
....
i/ 4'4 day of �� ` ,`� 1980- day of 1980
APPROVED AS TO FORM:
City Attorney
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