Resolution - 6648RESOLUTION NO. 6648
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 ACCEPT-
ING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
AS A RESULT OF THE ANNEXATION OF UNINCORPORATED
• TERRITORY TO THE CITY OF WEST COVINA--"EASTERLY
ANNEXATION 225" (EFFECTIVE DECEMBER 29, 1978)
WHEREAS, pursuant to Section 99 of the Revenue and Taxation
Code, the 'governing bodies of all agencies whose service areas or
service responsibilities are altered by a jurisdictional change
must determine the amount of property tax revenues to be exchanged
between the affected agencies and approve and accept the negotiated
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 "Easterly Annexation 225" to
the City of West Covina 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 territory identified as
"Easterly Annexation 225" is approved and accepted.
2. For fiscal years commencing after the effective date of
this jurisdictional change, property tax revenue in the
amount of One Thousand Three Hundred Seventy -Five Dollars
(.$1,375) is ordered transferred from the County of Los
Angeles to the City of West Covina. In addition, for
•
each
fiscal year commencing
after the effective date of
this
jurisdictional change,
the City of West Covina shall
•
•
•
receive Twenty and Five -Tenths Percent (20.50) of the
incremental tax growth attributable to the "Easterly
Annexation 225" area, and the County of Los Angeles'
share of incremental tax growth shall be reduced
accordingly.
3. For fiscal years commencing after the effective date
of this jurisdictional change, all property tax revenues
received by Road District No. 1 attributable to the
West Covina "Easterly Annexation 225" area shall be
transferred to the County of Los Angeles.
4. No other transfers of property tax revenues shall be made
to the City of West Covina as a result of "Easterly
Annexation 225."
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.
CITY OF WEST COVINA
Mayor
ATTEST:
V K
City Clerk
24th day of January
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
JAMES S. MIZE, Executive Officer -
Clerk of the Board of Supervisors
By
Deputy
1983 24th day Of January
-2-
1983