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HomeMy WebLinkAboutResolution No. 6981RESOLUTION NO. 6981 E JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION OF UNINCORPORATED TERRITORY TO THE CITY OF AZUSA -- "EASTERLY ANNEXATION NO. 81" 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 revenues to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenue 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 Azusa have determined that the amount of property tax revenues to be exchanged between their respective agencies as a result of the annexation of unincorporated territory to the City of Azusa, entitled "Easterly Annexation No. 81" is as set forth below. NOW, THEREFORE, BE IT RESOLVED as follows: 1. The negotiated exchange of property tax revenues between the Cointy of Los Angeles and the City of Azusa resulting from the annexation of unincorporated territory to the City in the annexation entitled "Easterly Annexation No. 81" is approved and accepted. u 0 2. For fiscal years commencing on and after July 1, 1981, property tax revenue in the amount of One Hundred and Thirty -Four Dollars ($134) is ordered transferred from the County of Los Angeles to the City of Azusa. In addition, for each fiscal year commencing on and after July 1, 1981, Twenty -One and Seven -Tenths Percent (21.7%) of Los Angeles County's current Countywide average share of the incremental tax growth attributable to the Azusa "Easterly Annexation No. 81" area shall be transferred to the City of Azusa. 3. For fiscal years commencing on and after July 1, 1981, all property tax revenue received by the Consolidated Fire Protection District of Los Angeles County attributable to the Azusa "Easterly Annexation No. 81" area shall be transferred to the County of Los Angeles. 4. For fiscal years commencing on and after July 1, 1981, all property tax revenue received by the Los Angeles County Library District attributable to the Azusa "Easterly Annexation No. 81" area shall be transferred to the County of Los Angeles. 5. For fiscal years commencing on and after July 1, 1981, all property tax revenue received by the Road District #1 attributable to the Azusa "Easterly Annexation No. 81" area shall be transferred to the County of Los Angeles. -2- i 6. No additional transfer of property tax revenues shall be made from a special district to the City of Azusa as a result of this annexation. The foregoing resolution was adopted by the Board of Super- visors of the County of Los Angeles and the City Council of the City of Azusa. CITY OF AZUSA COUNTY OF LOS ANGELES or Chairman, Board of Supervisors JAMES S. MIZE, Executive Officer - Clerk of the Board of Supervisors By ' By C y Clerk 16th day of March , 1981 -3- day of Deputy 1981