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HomeMy WebLinkAboutResolution No. 8847RESOLUTION NO. 8847 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF 1. General County Purposes Fund 2. Consolidated Fire Protection District 3. Flood Control District THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 22 OF THE COUNTY OF LOS ANGELES, AND THE GOVERNING BODIES OF 1. City of Azusa 2. Three Valleys Municipal Water District APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 22. "ANNEXATION NO. 290" WHEREAS, pursuant to Section 99 and 99.1 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accepted the negotiated exchange of property tax revenues by resolution, and WHEREAS, the governing bodies of the agencies signatory hereto have made determinations of the amount of property tax revenues from the annual tax increments to be exchanged as a result of the annexation to County Sanitation District No. 22 entitled "Annexation No. 290". NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS 1. The negotiated exchange of property tax revenues resulting from the annexation of territory to County Sanitation District No. 22 in the annexation entitled "Annexation No. 290" is approved and accepted. 2. For each fiscal year commencing on and after July 1, 1990 or after the effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District No. 22 a total of 0.9011% of the Annual Tax Increment attributable to the land area encompassed within Annexation No. 290. Said percentage has been determined on the basis of the following contributions. AGENCY General County Purposes Fund Consolidated Fire Protection District Flood Control District City of Azusa Three Valleys Municipal Water District PERCENT 0.4540 0.1614 0.0091 0.2722 0.0044 TOTAL 0.9011 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 22 as a result of this annexation. 4. No transfer of property tax revenues from properties within a community redevelopment project shall be made during the period that the entire tax increment is legally committed for repayment of the redevelopment project costs. The 1989-1990 assessed valuation shall be used as the tax base for future tax increment determinations relative to this resolution. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 22 and the governing bodies of the taxing agencies signatory hereto. COUNTY SANITATION DISTRICT NO. 22 COUNTY OF LOS ANGELES OF LOS ANGELES COUNTY Chairperson, Board of Directors Secretary City of Azusa Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors Deputy Three Valleys Municipal Water District ft" 134 Chu 1 T 0- 0 VIA Eli 04 " 5 34 12 i00 31 ,; 24 35 •0+ 30 1 % Polk sec. n ry 0 3 z 4 2.0 31ERRA MW tE ram— e;a a AVE. c DA VE con IRACI NQ�.?ISOL3 T i N.• R. POW Me 073-31-33 Im AmmT. W: PARr ELM AP EARCCL MAP AkXEL MAP ssso - INDEX 8689 RAW V - *000' scAlE tim-4000rr eon's Aw" =3 ANGELES NATIONAt. FOREST BOOK 890' A— 4 ROAD DIST wo I— ' CITY Or DUARTE :ICITY Or AZUSA