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Resolution - 7036• RESOLUTION NO. 7036 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ADOPTING THE JOINT RESOLUTION OF THE BOARD OF • SUPERVISORS OF THE COUNTY OF LOS ANGELES, BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NUMBER 22 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 AN ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22 BEING ANNEXATION 22-229. WHEREAS, there is a certain area within the City of West Covina which is to be annexed to the County Sanitation District of the County of Los Angeles; and WHEREAS, pursuant to Section 99 and 99.1 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution; and WHEREAS, there has been prepared a joint resolution of the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 22 of the County of Los Angeles, and the City Council of the City of West Covina; and . WHEREAS, this joint resolution specifies the negotiated exchange of property tax revenues for Annexation No. 22-229 for each fiscal year commencing on and after July 1, 1985. NOW, THEREFORE, the City Council of the City of West Covina does hereby resolve as follows: SECTION 1. That the joint resolution of the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation Dis- trict No. 22 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 an annexation to.County Sanitation District No. 22 being Annexation No. 22-229 is hereby adopted. SECTION 2. That the Mayor and City Clerk are hereby authorized to execute said joint resolution indicating adoption by the City Council of the City of West Covina. .SECTION 3. That the City Clerk shall certify to the adoption of this resolution and shall send a certified copy of this resolution and the • executed joint resolution to the County Sanitation Districts of the County of Los Angeles. APPROVED AND ADOPTED this 24th day of June 1985. Mayor ATTEST: City Clerk • I HEREBY CERTIFY that the foregoing Resolution No. 7036 was duly adopted by the City Council of the City°of West Covina, California, at a regular meeting thereof held on the 24th day of June 1985, by the following vote of the Council: AYES: Councilmembers: Chappell, Manners, Shearer, Tennant NOES: Councilmembers: None ABSENT: Councilmembers: Bacon • APPROV D AS TO FORM: 4� City Attorney 0 • City Clerk -2- 0 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS • ANGELES ACTING IN BEHALF OF 1. General County Purposes Fund • 2. Public Library 4. , 5. , 6. , 7. , 8. THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 22 OF THE COUNTY OF LOS ANGELES, AND THE GOVERNING BODIES OF 0 1. City of West Covina , 2. _ Three Valleys Municipal Water District 3. Cip APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22 . "ANNEXATION NO. 229 WHEREAS, pursuant to Section 99 and 99.1 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution, and • WHEREAS, the governing bodies of the agencies signatory hereto have made determinations of the amount of property tax revenues from the annual tax increments to be exchanged as a result of the - annexation to County Sanitation District No. 22 entitled "Annexation No. _229 ". NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues resulting from the annexation of territory to County Sanitation District No. 22 in the annexation entitled "Annexation No. 229 it is approved and accepted. • 2. For each fiscal year commencing on and after July 1, 1985 or after the effective date of this jurisdictional change, which- ever is later, the County Auditor shall transfer to County Sanitation District No. 22 a total of 0.8534 % of the Annual Tax Increment • attributable to the land area encompassed within Annexation No. 229 Said percentage has been determined on the basis of the . following contributions. Agency Percent C1 • • Los Angeles County (lPneral 0.5705 Public Library 0.0591 Flood Control District 0.0108 City of West Covina 0.2058 Three Valleys Municipal Water District 0.0072 Total 0.8534 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 22 as a result of this annexation. 4. No transfer of property tax revenues from properties within a community redevelopment project shall be made during the period that the entire tax increment is legally committed for repayment Of the redevelopment project costs. The 1985-1986 assessed valuation shall be used as the tax base for future tax increment determinations relative to this resolution. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 22 and the governing bodies of the taxing agencies signatory hereto. COUNTY SANITATION DISTRICT NO. 22 OF LOS ANGELES COUNTY Chairperson, Board of Directors ATTEST: Secretary City of West Covina COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors eputy Three Valleys Municipal Water District .AN Mi. 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"ANNEXATION NO. 229 " WHEREAS, pursuant to Section 99 and 99.1 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional ch�rnge which will result in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount: of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution, and iITHER'AS, the governing bodies of the agencies signatory hereto have madi-2 determinations of the amount of property tax revenues fro;. the annual tax increments to be exchanged as a result of the annexation to County Sanitation District No. 22 entitled "Annexation No. _229 " NOW, THEREFORE., BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues resulting from tl:c, annexation of territory to County Sanitation District No. 22 in the annex.:a Lion entitled "Annexation No. 229 " is approved rind accepte(c . • 2. For each fiscal year or after the effective date of commencing; on and after July 1, 1985 this jurisdictional change, which. - ever is later, the County Auditor shall transfer to County Sanitation District No. 22 a total of 0.8534 % of the Annual Tax Increment att:ri_bu,l able to the 1,: nd area encompassed within Annexation No. 229 • Said percentage has been determined on the basis of the following contributions. • A_gency Percent Los Amneles County General __— 0.5705 Public Library _ 0.0591 Flood Control District 0.01.08 City -of Hest Covina V_ 0.2.058 _'Three Valleys Municipal Water District 0.0072 Total 0.8534 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 22_ as a. result of this annexation. • 4. No transfer of property tax revenues from properties within a conmunity redevelopment project shall be made during the period that the entire tax increment is legally committed for repayment: of the redevelopment project costs. The 1985--1986 assessed valuation shall be used as the tax base for future tax increment determinations relative to this resolution. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 22 and the governing bodies of the tax-ing agencies signatory hereto. COUNTY SiVNITATION DISTRICT NO. 22 OF LOS ANGELES COUNTY Chairperson, Board of Directors • ATTi?ST: Secretary City o-?-[lest Covina COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors Deputy Three Valleys Municipal Water Distract