Resolution - 5100_ ..
RESOLUTION NO. 5100
•
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, FIXING THE RATES OF TAXES AND
LEVYING TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 1975.
The City Council of the City of West Covina does resolve
as follows:
SECTION 1. That for the purpose of raising the sums of money
necessary to be raised by taxation upon the taxable property of the
City of West Covina, as a revenue to carry on the various departments
of said City for the fiscal year beginning July 1, 1975, the rates for
the different portions of said City are hereby fixed and taxes are hereby
levied on all taxable property in the different portions of said City for
the fiscal year beginning July 1, 1975, in the number of cents upon
One Hundred Dollars of the assessed value of said property as assessed
by the County Assessor and equalized by the Assessment Appeals Board of
the County of Los Angeles, and with respect to certain property as
assessed by the State Board of Equalization and equalized by said Board,
and for the several.funds and purposes set forth in the following table,
and taxes levied upon property in each portion of said City hereinafter
described and designated by a district number being at the rates set
opposite the designation of the respective funds in the column headed
by the district number which is prefixed to the description of such portion
of said City as hereinafter stated.
TAXATION DISTRICT NO. 1, consisting of all the incorporated area
of the City of West Covina, except that portion thereof included in the
West Covina Central Business District Redevelopment Project Area 1.
CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT AREA 1,
consisting of all that portion of the City of West Covina included
within that area described in Document 2475, recorded on December 28,
• 1971, in Book M3935, Page 908, in the official records of the Registrar -
Recorder of Los. Angeles County, California.
ASSESSED VALUE
City -Wide Taxation District ............... $173,947,386
Central Business District Redevelopment
Project Area 1.......................... 13,998,164
TOTAL $187,945,550
C ITY-WI DE
TAXATION REDEVELOPMENT
DISTRICT PROJECT AREA 1
For the General Fund....... $0.7047 $0.7047
For the Capital Outlay
Fund ..................... $0.1490 $o.14go
Subtotal $0.8537 $0.8537
For the Park Fund.......... $0.1779 $0.1779
For the Special Fund for
Civil Defense and
Disaster Preparedness.... $0,0135 $0.0135
For the Special Fund for
Employees' Retirement....
Fund.....................�846
TOTAL $1.4297 $1.4297
RESOLUTION NO. 5100
SECTION 2. Pursuant to Resolution No. 4934, adopted August 26, 1974,
the Los Angeles County Public Library Tax will be added to the West Covina City
Tax Rate in the amount as set by the Board of Supervisors of said County.
SECTION 3. The City Clerk shall certify to the adoption of this
Resolution and the same shall be in full force and effect immediately upon
adoption. The City Clerk shall immediately after the adoption of this
Resolution cause a certified copy thereof to be filed with the Auditor -
Controller of the County of Los Angeles. In accordance with Section 36936.1
of the Government Code, the City Clerk shall cause publication of this
Resolution in the same manner and within the same time as ordinances are
required to be published.
ATTEST:
Adopted and approved this 27th day of August , 1975.
City Clerk
Mayor
I HEREBY CERTIFY that the foregoing Resolution was duly adopted
by the City Council of the City of West Covina at an adjourned regular meeting
• thereof held on the 27th day of August 1975, by the following vote of
Council:
AYES: Councilmen:• Shearer, Miller Browne Tice, Chappell
NOES: Councilmen: None
ABSENT: Councilmen: None
APPROVED AS TO FORM:
p-,u—o-
-p i-tv Attorney
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City Clerk