HomeMy WebLinkAboutRES 98-12RESOLUTION NO. 98-12
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES
ACTING IN BEHALF OF
Los Angeles County General Fund
Los Angeles County Library
Los Angeles County Flood Control
Los Angeles County Fire - FFW
THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 21 OF LOS ANGELES
COUNTY, AND THE GOVERNING BODIES OF
City of Diamond Bar
Greater Los Angeles County Vector Control District
Three Valleys Municipal Water District
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 21.
"ANNEXATION NO. 662"
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 that 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 accept 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. 21 entitled Annexation No. 662.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS
I. The negotiated exchange of property tax revenues resulting from the annexation of territory
to County Sanitation District No. 21 in the annexation entitled Annexation No. 662 is approved and accepted.
2. For each fiscal year commencing on and after July 1, 1999, or after the effective date of this
jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District
No. 21 a total of 0.2534 percent of the annual tax increment attributable to the land area encompassed within
Annexation No. 662.
98--12.
Said percentage has been determined on the basis of the following contributions.
AGENCY PERCENT
Los Angeles County General Fund
0.1798
Los Angeles County Library
0.0149
Los Angeles County Flood Control
0.0071
Los Angeles County Fire - FFW
0.0090
City of Diamond Bar
0.0403
Greater Los Angeles County Vector Control District
0.0002
Three Valleys Municipal Water District
0.0021
TOTAL 0.2534
3. No additional transfer of property tax revenues shall be made from any other taxing agencies
to County Sanitation District No. 21 as a result of annexation entitled Annexation No. 662.
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.
5. 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.
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. 21 of Los Angeles County, and the governing bodies
of City of Diamond Bar, Greater Los Angeles County Vector Control District, and Three Valleys Municipal
Water District, signatory hereto.
CITY OF DIAMOND BAR
SIGNATURE
OArnl Herrera, Mayor
PRINT NAME AND TITLE
ATTEST:
{
February 17, 1998
City Clerk Date
(SIGNED IN COUNTERPART)
98-12
I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that
the foregoing Resolution Number 98-_L2 was duly and regularly passed and adopted by the City
Council of the City of Diamond Bar, California, at its adjourned regular meeting held on the 17
day of Fetbrua.ry1998, by the following vote, to wit:
AYES: COUNCILMEMBERS: Huff, O'Connor, MPS`/Chang, M/Herwera
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Ansari
ABSTAIN: COUNCILMEMBERS: None
M
Lynda IYurgess, City Clerk-
City of Diamond Bar
98-12.
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