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Resolution - 6242RESOLUTION NO. 6242 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. 237" 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 determinedthat 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. 237" 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. 237" is approved and.accepted. • 2. For fiscal years commencing on and after July 1, 1980,. property tax revenue in the amount of Seven Thousand, Nine Hundred and Twenty -Two Dollars ($7,922) 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, 237" 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 "Southerly Annexation No. 237" area shall be trans- ferred 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. 237" area shall be transferred to the County of Los Angeles. -2- 0- r 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. • 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.. CITY OF WEST COVINA City'Clerk day of , 1980 -3- COUNTY OF LOS ANGELES irman, Board of Supervisors S-S. MIZE, Executive Officer- AJ of the Board of Supervisors q y Deputy .J;�X)day of wi�cncin,b&U , 1980 • DESCRIPTION OF PROPOSED "ANNEXATION NO. 237" TO THE CITY OF WEST COVINA (Revised Description) Beginning at the intersection of the center line of Willow Avenue as said center line is shown on map of Tract No. 21521 filed in Book 573, pages 15 and 16 of Maps, in the office of the Recorder of the County of Los Angeles and the center line of Francisquito Avenue as said last mentioned center line is shown on said map, said intersection being an angle point in the boundary of the City of West Covina as same existed on December 16, 1980; thence northwest- erly along said last mentioned center line to the northeasterly prolongation of the southeasterly line of Lot 26 of El Monte Walnut Place as shown on map filed in Book 6, page 104 of said Maps; thence -- southwesterly along said prolongation to the most easterly corner of said last mentioned lot; thence northwesterly along the boundary of the City of Baldwin Park as.same existed on said date and following • the same in all its various courses to the southwesterly prolonga- tion of the southeasterly line of Lot 42 of Tract No..19553 as shown on map filed in Book 625, pages 2, 3 and 4 of said Maps; thence easterly, southeasterly and southwesterly along said boundary of the City of West Covina to the point of beginning. Containing: 50.41 Acres 0.079 Sq. Mi. DESCRIPTION APPROVED JAN 7.; _r l STEPHEN-J. KOONCE COU-Nff '" 1311�i R BY EPUTY 01 SOUTHERLY ANNEXATION NO. 237 City of West Covina ,approved by' OrdinanCd Adopted on ,Certified .bySecretary of Stote on • Recorded in County Recorder's 0f_fide - i.' P P �cl, 0 G�A�y'� G V� Q�\"• lwt / PJ SOUTHERLY ANNEXATION. NO. 237 City of West Covina Approved by Ordinorfee _ Adopted on ,Certified by 'Secretary of State • Recorded on in .County . Recorder's Office'