Resolution - 2014-32RESOLUTION NO.2014-32
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, SETTING THE ASSESSMENT FOR THE
WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO. 1 AND
FIXING THE TAX RATE FOR SAID MAINTENANCE DISTRICT FOR
THE FISCAL YEAR BEGINNING JULY 1, 2014
The City Council of the City of West Covina, California, does hereby resolve as follows:
SECTION 1. As applicable, the tax levied on the real property is exempt from
the application of Article XIII A, Section 1(A) and Article XIII C of the Constitution of the State
of California and is levied for the benefit of the residents of the district.
SECTION 2. The amount of funds necessary to be raised by the tax, upon the
assessable property within Maintenance District No. 1, City of West Covina, for the current
Fiscal Year beginning July 1, 2014, is hereby fixed as follows:
For the cost of maintaining and operating the open space, improvements, and
facilities thereon within the Maintenance District No. 1, City of West Covina: $345,070.
SECTION 3. For the purpose of raising the funding necessary to be raised by the
tax upon the assessable property within Maintenance District No. 1, City of West Covina as
revenue to maintain and operate the open space, improvements and facilities within the said
Maintenance District, the rate is hereby fixed and taxes are hereby set on all assessable real
property in the said Maintenance District for the Fiscal Year beginning July 1, 2014, at the rate
of 11.88 cents upon one hundred dollars of assessed value of said assessable real 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 as follows:
Estimated Assessed Value of Land within Entire District $233,557,330
Benefit Tax Rate $0.1188 per one hundred dollars
No separate tax is being levied upon the assessable property within any zone in
Maintenance District No. 1 for the Fiscal Year beginning July 1, 2014, and no funds are being
raised to finance special services within any such zone.
APPROVED AND ADOPTED on this 1st day of July 2014.
ATTEST:
r
City Cleik� kolas S. Lewis
Resolution No. 2014-32
Page 2
I, NICKOLAS S. LEWIS, 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 held thereof on the 1st day of July 2014 by the following
vote of the City Council:
AYES: Spence, Sykes, Toma, Herfert
NOES: None
ABSENT: Warshaw
ABSTAIN: None
I
City Clerk Nickolas S. Lewis`
APPROVED AS TO FORM:
40ttorney Arnold Alvarez-Glasman