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Resolution - 6260RESOLUTION NO. 6260 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. 236" 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 "Easterly Annexation No. 236" 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. 236" is approved and accepted. is 2. For fiscal years commencing on and after July 1, 1981, property tax revenue in the amount of Sixty-two Dollars • ($62) 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 incre- mental tax growth attributable to the "Easterly Annexation No. 236" area shall be transferred to the City of West Covina. 3. For fiscal years commencing on and after July 1, 1981, all property tax revenue received by the Consolidated Fire Protection District of Los Angeles County attributable to the West Covina "Easterly Annexation No. 236" area shall be transferred to the County of Los Angeles. • 4. For fiscal years commencing on and after July 1, 1981 all property tax revenue received by the Road Distrct #1 attributable to the West Covina "Easterly Annexation No. 236" area shall be transferred 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. • -2- The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles and the City Council of the • City of West Covina. .nFmq. CITY OF WEST COVINA MayoirChester Shearer r r City Clerk 13th day of January • -3- IO OF LOS ANGELES A irman, Board of Supervisors JAMES S. MIZE, Executive Officer- �ti lerk of the Board of Supervisors * ♦ puty h day of 1981 r ADOPTED BOARD OF SUPERVISORS COUNTY OF LOS ANGELES 3 JAN 2 7.1981 JAMES S. MIZE EXECUTIVE OFFICER 'Exhibit "A" DESCRIPTION OF PROPOSED "EASTERLY ANNEXATION NO..236" TO THE CITY OF WEST COVINA (Revised Description) That portion of Lot 13 of Tract 3546, as shown on map filed in Book 40, pages 82 and 83 of Maps, in the.office of the Recorder of the County of Los Angeles, described as follows: Beginning at a point in that certain course having a bearing and length of S 20 29' W 517.25 feet in the easterly boundary of said lot, distant N 20 29' 00"*E thereon 75.00 feet from the southerly terminus of said certain course, said point being an angle point in the boundary -of the City of West Covina as same existed on December 16, 1980, said point also being the most east- erly corner of that certain parcel of land described in deed to Corvan V. Cripe, et ux., recorded in Book D4901, page 833 of Official Records, in the office of said recorder; thence along the boundary of said certain parcel of land the following described courses: South 660 04' 25" West 74.94 feet, South 250 34' 30" West 362.69 feet and North 340 51' 00" West 114.80 feet to the most westerly corner of said certain parcel of land; thence northeasterly and southeasterly along said boundary of the City of West Covina to the point of beginning. Containing: 1.05 Acres 0.002 Sq. Mi. DESCRIPTION APPROVED STEPHEN NCE COUNy, ,INEE BY re .�� w . ST E R L Y ANNEXATION N0. 23C TO THE CITY OF WEST COVINA 1= 300, d64' 04'15 "[ 74.94 " ,PROP0MD CITY BOUNDARY 1 k J Approved by Ordinance No. Ad opt end on --Certified by Secretary of State on _.__.._..__.._— Recorded In County Recorders Office