HomeMy WebLinkAboutResolution No. 7078RESOLUTION NO. 7078
'R;
JOINT,M
�SOLUTION OF THEE BOARD OF SUPER=O
JOF.jTFE'COUNTY ,OF LOS 'ANGELS AND THE CITY
COUNCIL OF-THE;CITY OF AZUSA APPROVING AND
.
�ACCEPTING =NEGOTIATED -EXCHANGE 'OF PROPERTY"TAX
-'REVENUES -RESULTING FROM 'ANINEXATION OF M1114COR-
PORATED TERRITORY TO THE CITY OF AZUSA --
",NORTHERLY A14NEXATION .DISTRICT '82"
VMEREAS, pursuant to Section 99 of the Revenue and Taxa-
tion Code, prior to theeffectivedate,of any jurisdictional
.chanqe:_,the ,governing :bodies of --all >agenci-es whose -service- areas
nor -service responsibilities woul:d �be ailtered by such change
-Lmust determine the amount of v Property tax -,,revenues to *be
,exchanged between. a the a-ffected - 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.,mecrotiate ron 'behalf Df the -di-strict-, : and
,y
7R "the: Board of Supervisors -of ;the County of ,,Los
,Angels .mB,the 'cityCounciadf,.I�the fity,of Azusa ::Have deter-
.mindia:that .the amount", df -,-property:,.t=ix,--Tevenues tW�,Iw_exchanged
between their respective agencies as a result of the annexation
of unincorporated territory to the City of Azusa, entitled
"Northerly Annexation District 82," is as set forth below.
NOW, THEREFORE, BE IT RESOLVED as follows:
from Ahe annexation of, unincorporated ;territory, to.:the:_fit.y.•in
'the annexation entitled "Northerly Annexation,Distxict'..82" is
approved and .accepted.
2. .For fiscal years commencing on and after July 1, 1983,
but in no event prior to the effective date of this jurisdictional
change, property tax revenue in the amount of Two Thousand Three
Ijundred'.Eighty-Four Dollars .Z$2, 3890 is ordered trans:Ee=e -ifzvn:
',the -County of lios Angeles to the' City.:of Azusa_ In addition,
,'for, each rf scal :;year -.commencing -on and.eafter ,Duly ..1, .,19B3, 1aEt in
no,event prior -to3the effective date. -of., -this Jnrisdictional',r-haange,
Twenty=One -and Seven -Tenths Percent (21.7$) of Los Angeles" County's
current countywide average share of the incremental tax growth
attributable to the "Northerly Annexation District 82" area shall
`be 'transferred to the City of Azusa_
3. aFor fiscal years ,commencing .on :and ,after :July. •1,"1'983,,,
but in ,no -eventsprior .to then"effective' date of this j.urisd'ictional
change.; 'a11 ;property tax revenue. received ;by the Los £Amcteles
County Library District attributable to the Azusa "Northerly
Annexation District 82" area shall be transferred to the County
of.Los Angeles.
.. ..9 -._.For. fi, cal years..commencing.,.on;and::aft�r;.July 1-, .19E3,
�!.'Wt�+lr
attributable to the Azusa' Northerly-Annexation"Distri-at.-'82"=area
shall be transferred to the Couhty of Los Angeles.
-2-
3. For fiscal -,years co=encing.-on';and after `.' Jul
y
but -:in, no.event.}prior.to the effective -date of "�this::jurisdictional
change;,"a11•pra!perty::--ax revenue :received .by the Consolidated
Tire,Protection'District of Los Angeles Countv attributable to
the Azusa "northerly Annexation District 82" area "shall be trans-
ferred to the County of Los Angeles.
5. No •additional ,transfer of property -tax revenues :shall
be made from -a-special -rdistrict to the City of Azusa as .a result
of th3 s=annexation .
The foregoing resolution, :was adopted by ;the Board ,o'f
,Supervisors "of"the County of Los Angeles and't'he City'Council of
the City of Azusa.
CITY :,OF -AZUSA
Hayor
By
City Clerk
COUNTY OF LOS 'ANGELES
,`Chai-rman, Board,,of-'Supervisors•
JAMES S. MIZE, Executive Officer -
Clerk of the Board of Supervisors
6th da of",February —'.•19.82
Deputy
-3-
A II C T,. DiV�
PROPERTY TAX REVENUE
YORK SHEET
JAN 20'82
City of: Azusa Annexation: NAD fr 82
Tax transfer is based on following formula:
A x C = Amount of tax transfer
A+B
where:
fit l,tll'LU
;AFS O
0*:" ; 1.7_! ['. C. CUNT1'
'82 JrIN 20 NI'i 1 13
Base Year
A = Property tax, revenue realized by annexing city in prior
fiscal year
B = Property tax revenue realized by County from city area
in prior fiscal year
C = Amount of property tax revenue realized by County in
area being annexed 1980-81 AV
For the City of Azusa
the following was computed:
A = Secured 439,183 + Unsecured 66,418
B = Net AV 127039,085 X .04 X .357434350
C = Net AV 5549995 X .04 X .494046790
'thus:
505,601 _ 5o5,6o1 _ .217349 X
5o5,6o1 + 118202614 21326,215
Tax Rate Area
Typical City TRA
1978-79
Tax
$ 505,601
$ 1,820,614
= $ 10,968
109968 = $ 29384
206o -2075 2045
_ 2067 8792
2073
NOTES: Pursuant to the CAO proposal, annexations with an assessed value
of $1 million or less will receive 100% of the amount calculated in
accordance withthis formula. Annexations with an assessed value of
$1 million to $10 million will receive 100% of the amount calculated
if special district services are assumed and/or the area is essentially
residential and service intensive...Annexations with an assessed value
over $10 million will be negotiated on a case by case basis.
For purposes of definition, "prior year" is defined as the fiscal year
prior to the date of filing an annexation.