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Resolution - 8292r U • • RESOLUTION NO. 8292 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 IOS 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. 22-280. 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. 22-280 for each fiscal year commencing on and after July 1, 1990. 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 Anglees, 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. 22-280 is hereby adopted. SECTION 2. That the Mayor and City Clerk are hereby authorized to execute said joint resolution indicating adoption by the City Concil of the City of West Covina. SECTION 3. That the City adoption of this resolution to the County of Los Angeles. Clerk shall certify to the the County Sanitation District of APPROVED AND ADOPTED this 23rd day of January , 1989• • � M r ATTEST: -z� _. • City Clerk I HEREBY CERTIFY that the foregoing Resolution No. 8292 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 January 1989, by the following vote of Council AYES: Councilmembers: Tarozzi, McFadden, Lewis, Bacon, Manners NOES: Councilmembers: None ABSENT: Councilmembers: None APPROVED AS TO FORM: Pv Q Phe l lt. Cam. jPt.r1/lGl, 195St. City Attorney 0 V city C erc 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 3. Flood Control District • THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 22 OF THE COUNTY • OF LOS ANGELES, AND THE GOVERNING BODIES OF 1. City of West Covina 2. Upper San Gabriel Valley Municipal Water District APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22. "ANNEXATION NO. 280" 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 accepted 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. 280" 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. 280" is approved and accepted 2. For each fiscal year commencing on and after July 1, 1990 or after the effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District No. 22 a total of 0.6925% of the Annual Tax Increment attributable to the land area encompassed within Annexation No. 280. 0 Said percentage has been determined on the basis of the following contributions. AGENCY PERCENT • General County Purposes Fund 0.4540 Public Library 0.0459 Flood Control District 0.0091 City of West Covina 0.1827 Upper San Gabriel Valley Municipal Water District 0.0008 . • TOTAL 0.6925 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 1989-1990 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 Wt#vina Mayor Manners V City Clerk Janet B COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors Deputy Upper San Gabriel Valley Municipal Water District :it Eli f Joe g t [� N �`l = c op A w O R• � - Y��, �L rj (1v �j i r t s • V v a L rR-� • ; R moo[ ci[ �� , _ Z iYr •w fj • Y w O Y Y� ip