HomeMy WebLinkAboutResolution No. 75060 0
RESOLUTION NO. 7506
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF
LOS ANGELES COUNTY AND THE CITY COUNCIL OF THE
CITY OF AZUSA APPROVING AND ACCEPTING
NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM THE ANNEXATION OF TERRITORY
IDENTIFIED AS "EASTERLY ANNEXATION 87"
WHEREAS, pursuant to Section 99 of the Revenue and
Taxation Code, prior to the effective date of any jurisdic-
tional 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
revenues by resolution; but if the affected agency is a spe-
cial 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 revenue
to be exchanged between their respective agencies as a
result of the annexation of unincorporated territory to the
City of Azusa identified as "Easterly Annexation 87" 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 Azusa
resulting from the annexation of unincorporated territory to
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the City of Azusa in the annexation identified as
"Easterly Annexation 87" is approved and accepted.
2. For fiscal years commencing on and after July 1,
1985, or after the effective date of this jurisdictional
change, whichever is later, property tax revenue in the
amount of One Thousand One Hundred Forty Dollars ($1,140)
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, 1985, or after the effective date of
this jurisdictional change, whichever is later, a portion of
the incremental tax growth attributable to Tax Rate Aeas
within the "Easterly Annextion 87" area, as identified below,
shall be transferred to the City of Azusa, and the County of
Los Angeles' share of incremental tax growth shall be
reduced accordingly:
Tax Rate Area Percent
2060 20.4
2064 20.5
3. For fiscal years commencing on and after July 1,
1985, or after the effective date of this jurisdictional change,
whichever is later, all property tax revenue received by
Road District No. 1 attributable to the Azusa "Easterly
Annexation 87" area shall be transferred to the County of
Los Angeles.
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4. For fiscal years commencing on and after July 1,
1985, or after the effective date of this jurisdictional
change, whichever is later, all property tax revenue
received by the Los Angeles County Public Library attribu-
table to the Azusa "Easterly Annexation 87" area shall be
transferred to the County of Los Angeles.
5. No other transfers of property tax revenues shall be
made to the City of Azusa as a result of "Easterly
Annexation 87."
6. The foregoing resolution was adopted by the Board
of Supervisors of the County of Los Angeles and by the City
Council of the City of Azusa.
CITY OF AZUSA
,
ATTEST:
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
LARRY J. MONTEILH
Executive Officer -Clerk of
the Board of Supervisors
BY
ty` Clerk_
Deputy
18thday of June 1984 day of
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1984