Resolution - 6993•
RESOLUTION NO. 85-3-1055 ( Irwindale )'
RESOLUTION NO. 6993 (West Covina)
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
• LOS ANGELES COUNTY, THE CITY COUNCIL OF THE
CITY OF IRWINDALE AND THE CITY COUNCIL OF THE
CITY OF WEST COVINA APPROVING AND ACCEPTING
NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM REORGANIZATION OF TERRITORY IDENTIFIED
AS "REORGANIZATION 1-84, PARCELS 1 AND 2"
WHEREAS, pursuant to Section 99 of the Revenue and
Taxation Code; prior to the effective date of any jurisdic-
tional 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 negotiated exchange of property.tax
revenues by resolution; but if the affected agency is a spe-
cial district, the Board of Supervisors must negotiate on
behalf of the district; and .
WHEREAS, the Board of Supervisors of the County of
Los Angeles, the City Council of the City of Irwindale, and
the City Council of the City of West Covina have determined
that the amount of property tax revenue to be exchanged bet-
ween their respective agencies as a result of the reorgani-
zation proposal identified as "Reorganization 1-84, Parcels
`. 1 and 2," 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, the City of Irwindale,
• and the City of West Covina from the reorganization iden-
tified as "Reorganization 1-84, Parcels 1 and 2" is approved
and accepted.
2. For fiscal years commencing on and after July 1,
1986, or after the effective date of this jurisdictional
change, whichever is later, Nine and Five -Tenths Percent
(9.5%) of the incremental tax growth attributable to "Parcel
' 1" of Irwindale "Reorganization 1-84" shall be transferred
to the City of Irwindale, and the County of Los Angeles'
share of incremental tax growth shall be reduced accor-
dingly.
3. For fiscal years commencing on and after July 1,
1986, or after the effective date of this jurisdictional
change, whichever is later, all property tax revenue
received by Road District No. 1 attributable to "Parcel 1"
of Irwindale "Reorganization 1-84" shall be transferred to
the County of Los Angeles.
4. For fiscal years commencing on and after July 1,
1986, or after the effective date of this jurisdictional
change, whichever is later, all property tax revenue
received by the City of West Covina attributable to "Parcel
2" of Irwindale "Reorganization 1-84" shall be transferred
to the County of Los Angeles.
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5. For fiscal years commencing on and after July 1,
1986, or after the effective date of this jurisdictional
• change, whichever is later, property tax revenue in the
amount of One Hundred Twenty -Three Dollars ($123) is ordered
transferred from the County of Los Angeles to the
Consolidated Fire Protection District. In addition, for
each fiscal year commencing on and after July 1, 1986, or
after the effective date of this jurisdictional change,
whichever is later, Sixteen and Seven -Tenths Percent (16.7%)
of the incremental tax growth attributable to "Parcel 2" of
Irwindale "Reorganization 1-84" shall be transferred to the
Consolidated Fire Protection District, and the County of Los
Angeles' share of incremental tax growth shall be reduced
accordingly.
3. No additional transfer of property tax revenue
shall be made to or from any other taxing agency(ies)
as a- result of Irwindale "Reorganization 1-84, Parcels 1 and
2 . "
The foregoing resolution was adopted by the Board of
Supervisors of the County of Los Angeles, the City Council
of the City of Irwindale, and the City Council of the City
of West Covina.
n
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•
•
CITY OF IRWINDALE CITY OF WEST COVINA
d
Mayor Michael kiranda Mayor
ATTEST:
ATTEST:
Barbosa
City
C V y
.Clerk
Margaret
C erk
28th- day
of
March
1985
25th day of
March 1985
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
LARRY J. MONTEILH, Executive Officer
Clerk of the Board of Supervisors
By MQ(& � 1
Deputy
day of No 1985
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