Resolution - 8758RESOLUTION NO. 8758
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF LOS ANGELES AND THE
CITY COUNCIL OF THE CITY OF WEST COVINA
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUE RESULTING FROM
"ANNEXATION 243" TO THE CITY OF WEST COVINA
(DETACHMENT FROM CONSOLIDATED FIRE PROTECTION DISTRICT)
WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code,
prior to the effective date of any jurisdictional 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 revenue 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 negotiate 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 revenues to be exchanged between their respective
agencies as a result of annexation of unincorporated territory to the
City of West Covina entitled "Annexation 243" 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
"Annexation 243" is approved and accepted.
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2. For fiscal years commencing on.and after July 1, 1992, or
after the effective date of this jurisdictional change, whichever is
later, Two Hundred Twenty Dollars ($220) in property tax revenue shall
• be 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, 1992, or after the effective date of this jurisdictional change,
whichever is later, Seventeen and Five -Tenths Percent (17.5%) of the
incremental tax growth attributable to the West Covina "Annexation 243"
area shall be transferred from the County of Los Angeles to the City of
West Covina, and the County's share of incremental tax growth shall be
reduced accordingly.
3. For fiscal years commencing on and after July 1, 1992, or
after the effective date of this jurisdictional change, whichever is
later, all property tax revenue received by the Road District No. 5
attributable to the West Covina "Annexation 243" area shall be
transferred to the County of Los Angeles.
4. For fiscal years commencing on and after July 1, 1992, or
after the effective date of this jurisdictional change, whichever is
later, all property tax revenue received by Consolidated Fire Protection
District attributable to the West Covina "Annexation 243" area shall be
transferred to the County of Los Angeles.
5. In the event that all or a portion of the annexation area is
included within a redevelopment project pursuant to California Community
Redevelopment Law, Health & Safety Code Sections 33000 et seq., the City
• of West Covina shall not adopt the ordinance approving the redevelopment
plan with respect to the annexed area until such time as a report of the
Fiscal Review Committee has been prepared pursuant to Health & Safety
Code Section 33353.5, the report has been reviewed, and the
Redevelopment Agency of the City of West Covina and the County have
diligently and in good faith negotiated for the allocation of tax
increment revenues for the project area. Agency and County shall begin
negotiations on the allocation of tax increment revenues within fifteen
(15).days after receipt by the County of the preliminary report from the
Agency pursuant to Health & Safety Code Section 33344.5 and shall meet
not less than once each month thereafter until agreement is reached on
an allocation formula or litigation is filed with respect to the
redevelopment project. Any ordinance approving said redevelopment
project which does not comply with this procedure in every respect shall
be void and of no effect with regard to the subsequent distribution of
taxes to the Redevelopment Agency.
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THE FOREGOING RESOLUTION WAS ADOPTED BY THE BOARD OF SUPERVISORS OF
THE COUNTY OF LOS ANGELES AND BY THE COUNCIL OF THE CITY OF WEST COVINA.
ATTEST:
V V
City Clerk
25th day of Novemhpr 1991
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CITY OF WEST COVINA
The foregoing resolution was adopted by the Board of Supervisors of
the County of Los Angeles on 1991.
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
LARRY J. MONTEILH
Executive Officer -Clerk of the
Board of Supervisors
Deputy
day of ,.1991
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