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Resolution - 8142• • • C` RESOLUTION NO. 8142 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 juris- dictional 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 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. No other transfers of property tax revenue shall be made as a result of this jurisdictional change. The foregoing resolution was adopted by the Board Supervisors of the County of Los Angeles and by the City Council of the City of West Covina. Resolution No. 8142 • APPROVED and ADOPTED this 25th day of January, 1988. • Ma or Kenneth'I. Cha ll ATTEST: City Clerk Helene M. Mo ney STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF WEST COVINA ) I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina at a regular meeting of the City Council on the 25th day of January, 1988, by the following vote: AYES: Shearer, Bacon, Manners, Chappell ,NOES: None ABSENT: Tennant APPROVED AS TO FORM: City Attorney City Clerk Helene M COUNTY OF LOS ANGELES • Chairman, Board of Supervisors LARRY J. MONTEILH Executive Officer - Clerk of the Board of Supervisors 9z • Deputy day of - 2 -