Resolution - 8120RESOLUTION NO. 8120
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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 DETACHMENT OF TERRITORY FROM THE
• CONSOLIDATED FIRE PROTECTION DISTRICT --
"DETACHMENT 1-87, 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 special district, the Board of Supervisors must ne-
gotiate 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 detachment of territory in the City of West
Covina from the Consolidated Fire Protection District,
identified as "Detachment 1-87, 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 and the City of West
Covina resulting from "Detachment 1-87, Parcels 1 and 2"
from the Consolidated Fire Protection District 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, all property tax revenue received
by the Consolidated Fire Protection District attributable
to the "Detachment 1-87, Parcels 1 and.2" area shall be
transferred to the County of Los Angeles.
3. For fiscal years commencing on and after July
1, 1988, or after the effective date of this jurisdictional
• changes, whichever is later, property tax revenue in the
amount of Fifty -Five Thousand Seven Hundred Seventy -Seven
Dollars ($55,777) 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 jurisdictional change,
whichever is later, a portion of the annual tax increment
attributable to the Tax Rate Areas within the "Detachment
1-87, Parcels 1 and 2" area, as set forth below, shall
• be transferred to the City of West Covina and the County
of Los Angeles' share of incremental growth shall be reduced
accordingly:
• Tax Rate Area % of ATI
9367 18.2
9466 18.2
• 3177 18.1
3178 18.0
9509 18.2
9512 18.1
9515 18.3
9516 18.2
4. No other transfers of property tax revenue shall
be made to the City of West Covina as a result of this
proposal.
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.
ATTEST:
City C�6rk ///
C day of ���¢� 1987
APPROVED AS TO FORM:
City Attorney
•
CITY OF WEST COVINA
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) as.
CITY OF WEST COVINA )
I HEREBY CERTIFY that the foregoing Resolution No. 8120
was duly adopted by the City Council of the City of West Covina,
California, at a regular meeting of the City Council on the 23rd
day of November, 1987, by the following vote:
AYES: Tennant, Bacon, Manners, Chappell
NOES: None
ABSENT: Shearer
Assistant City erk
•
•
COUNTY OF LOS ANGELES
•
• Chairman, Board of Supervisors
• LARRY J. MONTEILH
Executive Officer -Clerk of the
Board of Supervisors
r1
U
•
By
Deputy
day of 1987
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