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HomeMy WebLinkAboutRES 2006-22RESOLUTION NO. 2006--22 A JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES; THE CITY COUNCIL OF THE CITY OF DIAMOND BAR; THE BOARD OF DIRECTORS OF THE GREATER LOS ANGELES COUNTY VECTOR CONTROL DISTRICT; THE BOARD OF DIRECTORS OF THE COUNTY SANITATION DISTRICT NO. 21 OF LOS ANGELES COUNTY (COUNTY SANITATION DISTRICT NO. 21) THE BOARD OF DIRECTORS OF THE THREE VALLEY MUNICIPAL WATER DISTRICT - ORIGINAL AREA; THE BOARD OF DIRECTORS OF THE WALNUT VALLEY WATER DISTRICT; AND THE BOARD OF DIRECTORS OF THE WALNUT VALLEY WATER IMPROVEMENT DISTRICT NO. 5 APPROVING AND ACCEPTING THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM ANNEXATION OF PROJECT NO. L 062-2005 TO COUNTY LIGHTING MAINTENANCE DISTRICT 10006 WHEREAS, pursuant to Section 99.01 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change that will result in a special district providing one or more services to an area where those services have not previously been provided by any local agency, the special district and each local agency that receives an apportionment of property tax revenue from the area must negotiate an exchange of property tax increment generated in the area subject to the jurisdictional change and attributable to those local agencies; and WHEREAS, the Board of Supervisors of the County of Los Angeles, acting on behalf of the County of Los Angeles, the Los Angeles County Library, the Consolidated Fire Protection District of Los Angeles County, the County Flood Control Drainage Improvement District, and 'the Los Angeles County Flood Control District; the Board of Directors of the Greater Los Angeles County Vector Control District; County Sanitation District No. 21 of Los Angeles County (County Sanitation District No. 21); the City Council of the City of Diamond Bar; the Board of Directors of the Three Valley Municipal Water District - Original Area; the Board of Directors of the Walnut Valley Water District; and the Board of Directors of the Walnut Valley Water District Improvement District No. 5 have determined that the amount of property tax revenue to be exchanged between their respective agencies as a result of the annexation proposal identified as L 062-2005 to CLMD 10006 is as shown on the attached worksheet. NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues between the County of Los Angeles, acting on behalf of the County of Los Angeles, the Los Angeles County Library, the Consolidated Fire Protection District of Los Angeles County, the County Flood Control Drainage Improvement District, and the Los Angeles County Flood Control District; the Board of Directors of the Greater Los Angeles County Vector Control District; County Sanitation District No. 21 of Los Angeles County (County Sanitation District No. 21); the City Council of the City of Diamond Bar; the Board of Directors of the Three Valley Municipal Water District - Original Area; the Board of Directors of the Walnut Valley Water District; and the Board of Directors of the Walnut Valley Water District Improvement District No. 5 resulting from the annexation proposal identified as L 062-2005 to CLMD 10006 is approved and accepted. 2006--22 2. For fiscal years commencing on or after July 1, 2005, or the July 1 after the effective date of this jurisdictional change, whichever is later, the property tax revenue increment generated from the area within L 062-2005 (Tax Rate Area 10087) shall be allocated to the affected agencies as indicated in the attached worksheet. 3. If at any time after the effective date of this Resolution, the calculations used herein to determine initial property tax transfers or the data used to perform those calculations are found to be incorrect, thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of property tax received in excess of that, which is proper shall be refunded to the appropriate agency. PASSED, APPROVED AND ADOPTED this day of 21St day of March, 2006, by the following vote: Carol Herrera,Mayor 1, TOMMYE CR.IBBINS, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution was passed, approved and adopted at a regular meeting of the City Council of the City of Diamond Bar held on the 21St day of March, 2006, by the following vote: AYES: COUNCIL MEMBERS: Chang, Tanaka, Tire, MPT/Zirbes, M/Herrera NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAINED: COUNCIL MEMBERS: None -. 0'-'&L TOMMYE CRIBBINS, City Clerk City of Diamond Bar 2006-•22