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Resolution - 7092RESOLUTION NO. 7092 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, 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, CALIFORNIA, APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22 BEING.ANNEXATION NO. 22-231.. 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. 22-231 for each fiscal year commencing on and after July 1, 1986. 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 District 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. 22-231 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 23rd day of September , 1985. • Mayor ATTEST: City Cler I HEREBY CERTIFY that the foregoing Resolution No. 7092 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 23rd day of September 1985, by the following vote of the Council: AYES: Councilmen: Manners, Chappell, Bacon, Shearer, Tennant NOES: Councilmen: None ABSENT: Councilmen: None U Ci Clerk APPROVED AS TO FORM: • L� City AttorAey D -2- 1. General County Purposes Fund , 2. Public Library , • 3. Flood Control District , 4. S. 6• 7. 8. THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT N0. 22 OF .,_THE _CQ-U-QF.-LO-S- ANGELES AND' THE GOVERNING BODIES OF 1.. City of West Covina 2. Three Valleys Municipal.Water District 3. 4. APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22 . "ANNEXATION NO. 231 " 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 specialdistrict 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; ido. 22 entitled "Annexation No.. 231' NOW, THEREFORE,,, BE IT RESOLVED AS -FOLLOWS: 1.' The negotiated exchange of property tax revenues resulting from the annexation of Cerrito .&,to County Sanitation District > No. 22 in the annexation''entitied '"Annexation No. 231.._" is approved and accepted.,.' 2. For each fiscal year commencing on and after July 1, 1986 or afterthe effective date of this.jurisdictional change, which- ever is later, the County Auditor shall transfer to County Sanitation District No. 22 a total of 1.0749 % of the Annual Tax Increment attributable to t e .land area encompassed within Annexation No. 231 Said percentage has been determined on the basis of the following contributions. Agency Percent General County Purposes Fund 0.7099 { • Public Library 0.0692 Flood Control District 0.0153 City of West.Covina 0.2730 Three Valleys Municipal Water District 0.0075 Total 1.0749 3. No additional transfer of property tax revenues shall be made from any other taxing agencies. to County Sanitation District No. 2.2_. 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 19.86-1987 assessed valuation a . 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"Dire.ctors of County Sanitation District No. 22 and the governing bodies of the taxing agencies signatory hereto. COUNTY SANITATION DISTRICT'NO. 22 COUNTY..OF LOS ANGELES. OF LOS ANGELES.COUNTY C airpe I rson,.Board of Directors Chairman, Board of Supervisors ATTEST: LARRY J. 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