Resolution - 5311RESOLUTION NO. 5311
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, 1976.
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, 1976, 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, 1976, 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 Equali-
zation 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,
and Eastland Redevelopment Project.
CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT AREA 1, con-
sisting 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.
EASTLAND REDEVELOPMENT PROJECT, consisting of all that portion
of the City of West Covina included within that area described in Docu-
ment 3895, recorded on July 30, 1975, in Book M5077, Page 572, in the
official records of the Registrar -Recorder of Los Angeles County, California.
ASSESSED VALUE
City -Wide Taxation District.......... $172,689,402
Central Business District
Redevelopment Project Area 1......
22,030,704
Eastland Redevelopment Project.......
10,035,981
TOTAL
$204,756,087
CITY-WIDE
C.B.D.
EASTLAND
TAXATION
REDE-VELOPMENT
REDEVELOPMENT
DISTRICT
PROJECT AREA 1
PROJECT
For the General Fund......
$0.6758
$0.6758
$0.6758
For the Capital Outlay
Fund ...................
0.1577
0.1577
0.1577
Subtotal'
$0.8335
$0.8335
$0.8335
i
For the Park Fund.........
$0.1969
$0.1969
$0.1969
For the Special Fund for
. Civil Defense and
Disaster Preparedness..
$0.0147
$0.0147
$0.0147
For the Special Fund for
--
--
Employees' Retirement..
$0.3846
$0.3846
$0.3846
TOTAL
$1.4297
$1.4297
$1.4297
RESOLUTION NO.
SECTION 2. Pursuant to Resolution No. 4934, adopted
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 23rd day of August , 1976.
City Clerk
N"I'62-E-2-
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the City Council of the City of West Covina at a regular meeting thereof held
on the 23rd day of August , 1976, by the following vote of the Council:
AYES: Councilmen: Miller, Chappell, Shearer, Tice, Browne
NOES: Councilmen: None
ABSENT: Councilmen: None
City Clerk
APPROVED AS TO FORM: