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HomeMy WebLinkAboutRES 97-07RESOLUTION NO. 97-0 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES, THE CITY COUNCIL OF THE CITY OF DIAMOND BAR AND THE BOARD OF DIRECTORS OF THE WALNUT VALLEY WATER DISTRICT, THE GREATER LOS ANGELES COUNTY VECTOR CONTROL DISTRICT AND THE THREE VALLEYS MUNICIPAL WATER DISTRICT APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM ANNEXATION OF TERRITORY TO THE WALNUT VALLEY WATER DISTRICT "TRES HERMANOS ANNEXATION" WHEREAS, pursuant to Section 99 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional 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 revenue to be exchanged between the affected agencies and approve and accept the negotiated _ exchange of property tax revenue by resolution, but if the affected agency is a special district, the Board of Supervisors must negotiate on behalf of the district; and WHEREAS, it has been determined that the amount of property tax revenue to be exchanged as a result of "Tres Hermans Annexation" is as set forth below. NOW, THEREFORE, BE IT RESOLVED as follows: The negotiated exchange of property tax revenues resulting from annexation of territory to the Walnut Valley Water District in the proposal identified as "Tres Hermanos Annexation", is approved and accepted. 97-G7 2. For fiscal years commencing July 1, 1997, or the July 1 after the effective date of this jurisdictional change, whichever if later, 0.002356143 percent of the incremental tax growth attributable to the "Tres Hermanos Annexation" area shall be transferred from the following County of Los Angeles agencies to the Walnut Valley Water District, and the agencies' share of incremental tax growth shall be reduced accordingly: ACCNT AGENCY ATI 001.05 Los Angeles County General 0.001814858 001.20 L.A. County Accum Cap Outlay 0,000000632 003.01 L.A. County Library 0.000142426 007.31 LAC Fire-FFW 0.000043734 030.10 L.A. Co. Fl. Con. Dr. Imp. Dist. Maint. 0.000011294 030.70 L.A. County Flood Control Maint 0.000063282 061.80 Greater LA County Vector Control Distric 0.000002317 146.01 City -Diamond Bard TD 41 0.000251148 365.05 Three Valleys MWD Orig Area 0.000026452 3. No additional transfer of property tax revenue shall be made to or from any other taxing agency(ies) as a result of "Tres Hermanos Annexation" to the Walnut Valley Water District. 2 97-07 PASSED, APPROVED AND ADOPTED by the City Council of the City of Diamond Bar, on this 21st day of January 1996. AYES: COUNCIL MEMBERS - Ansar_i, Harmony, M/Huff NOES: COUNCIL MEMBERS - None ABSTENTION: COUNCIL MEMBERS - None ATTEST: i 0 Mayor, ity of Diamo Bar 97-07 I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Resolution, was passed, approved and adopted at the regular meeting of the City Council of the City of Diamond Bar held on the 21st day of January 1997, by the following.Roll Call vote: AYES: COUNCIL MEMBERS - Ansari, Harmony, M/Huff NOES: COUNCIL MEMBERS - None ABSENT: COUNCIL MEMBERS - Werner, MPT/Herrera Lynda Burgess, City Clerk City of Diamond Bar 97-07