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HomeMy WebLinkAboutResolution No. 8155RESOLUTION NO. 8155 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS LOS ANGELES COUNTY AND THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION OF TERRITORY TO THE CITY OF AZUSA --"SOUTHERLY ANNEXATION DISTRICT 92" 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 "Southerly Annexation District 92" 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 0 0 resulting from the annexation of unincorporated territory to the City of Azusa in the annexation entitled "Southerly Annexation District 92" is approved and accepted. 2. For fiscal years commencing on and after July 1, 1988, or after the effective date of this jurisdictional change, whichever is later, property tax revenue in the amount of Fifty -Three Dollars ($53) 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, 1988, or after the effective date of this jurisdictional change, whichever is later, Fifteen and Five -Tenths Percent (15.58) of the annual tax increment attributable to the Azusa "Southerly Annexation District 92" area shall be transferred to the City of Azusa, and the County of Los Angeles' share of incremental tax growth shall be reduced accordingly. 3. For fiscal years commencing on and after July 1, 1988, 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 "Southerly Annexation District 92" area shall be transferred to the County of Los Angeles. 4. For fiscal years commencing on and after July 1, 1988, or after the effective date of this jurisdictional -2- 0 0 change, whichever is later, all property tax revenue received by the Los Angeles County Public Library attribu- table to the Azusa "Southerly Annexation District 92" area shall be transferred to the County of Los Angeles. 5. In the event that all or a portion of the Azusa "Southerly Annexation District 92" area is included within a project under the provisions of the Community Redevelopment Law, Health and Safety Code Sections 33000 et seq., the City, in approving the project, shall require that, not- withstanding the approval and adoption of the project, after the effective date of the project and throughout its dura- tion, the same proportion of property tax revenue received by the County, the Consolidated Fire Protection District, and the Flood Control District within the project area shall continue to be distributed to those agencies as if no pro- ject had been adopted. This agreement is made as partial consideration for the transfer to the City of Azusa as pro- vided in paragraph 2. 6. No other transfers of property tax revenue shall be made to the City of Azusa as a result of "Southerly Annexation District 92." 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. -3- CITY OF AZUSA mayor AT'PF.ST 5th day of January 1987 0 BOARD OF SUPERVISORS Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer -Clerk of the Board of Supervisors By Deputy day of 1987 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 5th day of January, 1987, by the following vote of the Council: AYES: COUNCILMEMBERS: AVILA, COOK, CRUZ, LATTA, MOSES NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE -4-