Resolution - 7983RESOLUTION NO.7983
• JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
LOS ANGELES COUNTY AND THE CITY COUNCIL OF THE
CITY OF WEST COVINA APPROVING AND ACCEPTING
NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM ANNEXATION OF TERRITORY TO THE
CITY OF WEST COVINA--"ANNEXATION 241"
(DETACHMENT FROM CONSOLIDATED FIRE PROTECTION DISTRICT)
• 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 revenue to be
exchanged between their respective agencies as a result of the
annexation of unincorporated territory to the City of West Covina
identified as "Annexation 241" 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 of West Covina, identified as "Annexation 241" is approved
and accepted.
2. For fiscal years commencing on and after July 1,
1988, or after the effective date of this jurisdictional
change, whichever is later, property tax revenue in the
amount of Five Hundred Seventy -Two Dollars ($572) 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, 1988, or after the effective date of this jurisdic-
tional change, whichever is later, Eighteen and One -Tenth Percent
(18.1%) of the incremental tax growth attributable to the West
Covina "Annexation 241" area shall be transferred to the City of
West Covina, and the County of Los Angeles' share of incremental
tax growth shall be reduced accordingly.
3. For fiscal years commencing on and after July 1, 1988,
or after the effective date of this jurisdictional change,
whichever is later, all property tax revenue received by the
Consolidated Fire Protection District attributable to the West
Covina "Annexation 241" area shall be transferred to the County
of Los Angeles.
4. For fiscal years commencing on and after July 1, 1988,
or after the effective date of this jurisdictional change,
whichever is later, all property tax revenue received by Road
District No. 1 attributable to the West Covina "Annexation 241"
area shall be transferred to the County of Los Angeles.
5. In the event that all or a portion of the West Covina
"Annexation 241" area is included within a project under the pro-
visions of the Community Redevelopment Law, Health and Safety
Code Sections 33000 et Seq., the City, in approving the project,
shall require that, notwithstanding the approval and adoption of
the project, after the effective date of the project and
througnout its duration, the same proportion of property tax
• revenue received by the County and the Flood Control District
within the project area shall continue to be distributed to those
agencies as if no project had been adopted. This agreement is
made as partial consideration for the transfer to the City of
West Covina as provided in paragraph 2.
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6, No other transfers of property tax revenue shall
• be made to the City of West Covina as a result of
"Annexation 241."
The foregoing resolution was adopted by the Board of
Supervisors of the County of Los Angeles and by the City
Council of the City of West Covina.
i'
CITY OF WEST COVINA BOARD OF SUPERVISORS w
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ATTEST: .RRY J. MONTEILHr
If cutive Officer -Clerk of th
�Prd of Supervisors,
erk
-w Deputy
City C
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APPROVED AS TO FORM:
Ci Attorney
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�DatedJ�
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