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HomeMy WebLinkAboutResolution No. 07-C074BRESOLUTION NO. 07-C74 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 THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM THE ANNEXATION OF TERRITORY KNOWN AS ANNEXATION 2005-44 TO THE CITY OF AZUSA, WITHDRAWAL FROM THE COUNTY PUBLIC LIBRARY AND DETACHMENT OF THE AREA FROM COUNTY ROAD DISTRICT NO. 1 WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code, for specified jurisdictional changes, the governing bodies of affected agencies shall negotiate and determine the amount of property tax revenue to be exchanged between the affected agencies; and WHEREAS, this Resolution supersedes Resolution No. 07-057 adopted by the City Council of the City,of Azusa on July 2, 2007; WHEREAS, the area proposed for annexation is identified as Annexation 2005-44 and consists of approximately 5.7 acres of unincorporated territory located on the northeast corner of the intersection of Arrow Highway and Azusa Avenue; WHEREAS, the proposed annexation area is within the City of Azusa's Merged Central Business District and West End Redevelopment Project Area (Amendment #8), and WHEREAS, the Board of Supervisors of the County of Los Angeles, as governing body of the County, County Public Library, and County Road District No. 1, and the City Council of the City of Azusa, have determined the amount of property tax revenue to be exchanged between their respective agencies as a result of the annexation of unincorporated territory identified as Annexation 2005-44 to the City of Azusa, withdrawal of the area from the County Public Library system and detachment of the area from Road District No. 1 is as set forth below: NOW, THEREFORE, BE IT RESOLVED as follows 1. The negotiated exchange of property tax revenue between the County of Los Angeles and the City of Azusa, resulting from Annexation 2005-44 is approved and accepted. 2. The area within Annexation No. 2005-44 is currently within the jurisdiction of the Consolidated Fire Protection District and shall remain so and the Consolidated Fire Protection District shall continue to receive its share of the property tax revenues. 3. For fiscal years commencing on or after July 1, 2008, or the July 1 after the effective date of this jurisdictional change, whichever is later, Four Thousand, Four Hundred Fifty-five Dollars ($4,455) in property tax revenue shall be transferred from the County of Los Angeles to the City of Azusa. In addition, for each fiscal year Document in CADocuments and Settings\azusauserl\Desktop\OAugust 6, 2007embedded.doc Joint Resolution City of Azusa — Annexation 2005-44 Page 2 of 3 commencing on or after July 1, 2008, or the July 1 after the effective date of this jurisdictional change, whichever is later, 0.177280155 percent of the annual property tax growth attributable to Annexation 2005-44 shall be transferred from the County of Los Angeles to the City of Azusa for Tax Rate Area 13543, and the County's share of incremental growth in the proposed annexation area shall be reduced accordingly. 4. For fiscal years commencing.on or after July 1, 2008, or the July 1 after the effective date of this jurisdictional change, whichever is later, all property tax revenue received by Los Angeles County Library attributable to Annexation 2005-44 shall be transferred to the County of Los Angeles. 5. For fiscal year commencing on or after July 1, 2008, or the July 1 after the effective date of this jurisdictional change, whichever is later, all property tax revenue received by County Road District No. 1 attributable to Annexation 2005-44 shall be transferred to the County of Los Angeles. PASSED, APPROVED AND ADOPTED this.6th day of August, 2007 Z22:.a/l W- /h/w /10seph R. Rocha, Mayor, City of Azusa I HEREBY CERTIFY that the foregoing Resolution No. 07-C74, was duly passed,. approved, and adopted by the Cit Council of the City of Azusa, at a regular meeting of said City Council held on the 6t day of August, 2007, by the following vote of the Council: AYES: COUNCIL MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES:COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: NONE ABSTAIN: COUNCIL MEMBERS: NONE ATTEST: Vera Mendoza, City Clerk, Cif Azusa Joint Resolution City of Azusa —Annexation 2005-44 Page 3 of 3 The foregoing resolution was on the day of 2007, adopted by the Board of Supervisors of the County of Los Angeles and ex officio the governing body of all other special assessment and taxing districts, agencies and authorities for which said Board so acts. SACHI A. HAMAI, Executive Officer Clerk of the Board of Supervisors of the County of Los Angeles M APPROVED AS TO FORM BY COUNTY COUNSEL RAYMOND G. FORTNER. JR. Deputy Deputy