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Resolution - 2007-6RESOLUTION NO. 2007-6 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 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, CALIFORNIA, APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM AN ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22, BEING ANNEXATION NO. 393 WHEREAS, there are certain areas within the City of West Covina which are 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. 393 for each fiscal year commencing on and after July 1, 2008. 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 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 approving and accepting negotiated exchange of property tax revenues resulting from annexation to County Sanitation District No. 22 being Annexation No. 393 are hereby adopted. SECTION 2. That the Mayor and City Clerk are hereby authorized to execute said joint resolution indicating adoption by the City Council of the City of West Covina. SECTION 3. That the City Clerk shall certify to the adoption of this resolution and send a certified copy to the County Sanitation Districts of the County of Los Angeles. ADOPTED AND APPROVED on this 61h day of February, 2007. ATTEST: City Clerk dairic Carrico Resolution No. 2007-6 February 6, 2007 I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 61h day of February, 2007, by the following vote of the City Council: AYES: Herfert, Hernandez, Sanderson, Lane, Touhey ' NOES: None ABSENT: None ABSTAIN: None City Clerk Ladrie Carrico APPROVED AS TO FORM: Ctty AttomeyAm4ld Alvarez-Glasman • 2 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF Los Angeles County General Fund • Los Angeles County Library Los Angeles County Flood Control THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 22 OF LOS ANGELES COUNTY, AND THE GOVERNING BODIES OF City of West Covina West Covina Sewer Maintenance District Three Valleys Municipal Water District APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22. "ANNEXATION NO. 393" WHEREAS, pursuant to Section 99 and 99.01 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 that 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, 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. 393; 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. 393 is approved and accepted. 2. For each fiscal year commencing on and after July 1, 2008, 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 0.4663294 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 393 for Tax Rate Area 03107 as shown on the attached Worksheet. ( ƒ $ \ & \w \ � � .' _. * ■\ j ■ , /§| � [ � }§\ j■ (] \ : \. x \|_ 2-2 > $ » ` I,I ,5,�aa!l,:�,■!■gin ��=s� „a;■■�„ nw■�! � `))�t;������l��■� � / & � . � .� \� � \ 7 =\»a _ §■r§§ � V g & � \ k\�� $/^`� m( � ))\�\\ JL ( +¥ y JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF Los Angeles County General Fund . Los Angeles County Library Los Angeles County Flood Control THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 22 OF LOS ANGELES COUNTY. AND THE GOVERNING BODIES OF City of West Covina West Covina Sewer Maintenance District Three Valleys Municipal Water District APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22. "ANNEXATION NO. 393" WHEREAS, pursuant to Section 99 and 99.01 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 that 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, 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. 393; 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. 393 is approved and accepted. 2. For each fiscal year commencing on and after July 1, 2008, 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 0.4663294 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 393 for Tax Rate Area 03107 as shown on the attached Worksheet. • 3. For each fiscal year commencing on and after July 1, 2007, or after the effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to Count Sanitation District No. 22 a total of 0.4668525 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 393 for Tax Rate Area 03120 as shown on the attached Worksheet. 4. 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 annexation entitled Annexation No, 393. 5. No transfer of property tax increments from properties within a community redevelopment project which are legally committed to a Community Redevelopment Agency shall be made during the period that such tax increment is legally committed for repayment of the redevelopment project costs. 6. If at any time after the effective date of this resolution, the calculations used herein to determine initial property tax transfers or the data used to perform those calculations are found to be incorrect thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of property tax received in excess of that which is proper shall be refunded to the appropriate agency. 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 of Los Angeles County, and the governing bodies of City of West Covina, West Covina Sewer Maintenance District, and Three Valleys Municipal Water District, signatory hereto. i ATT 7': f4 i : n Sue Rush, A:s'si'stant City Clerk WEST COVINA SEWER MAINTENANCE DISTRICT SIG ATURE Mayor Michael Touhey PRINT NAME AND TITLE M6' 3,2W7 Date tl (SIGNED IN COUNTERPART) I R V h 0 O Z W Z Y�Z i O U i o w 3 Z o B 6 s Lli m 0 z ,, Z z u Q o0 g w 8e1?e�_�_a8a8a�_o 3°'^ �de4'a3S38x LWW.WWWYI...I.:; W. l�`+ Z22222SNNNNNSN I ;B 2 a O 3AY = _ � _ � m o m O m i np ♦ L U < � N m P r O < O { P O LL �I N q o z � m 0 U + � L m m q O L fr m } n m m n v n A ± C p Z m + ro 216 Q O x C y o c < �{ xx vo c < $ 9 m c a � v a c L �0. ° < �b3s x L