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HomeMy WebLinkAboutRES 96-55RESOLUTION NO. 96-55 A JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING ON BEHALF OF LOS ANGELES COUNTY GENERAL FUND, LOS ANGELES COUNTY LIBRARY, LOS ANGELES COUNTY FLOOD CONTROL, LOS ANGELES COUNTY FIRE PROTECTION DISTRICT, LOS ANGELES COUNTY FIRE-FFW ARID THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 21 OF THE COUNTY OF LOS ANGELES, AND THE GOVERNING BODIES OF CITY OF DIAMOND BAR, GREATER LOS ANGELS COUNTY VECTOR CONTROL DISTRICT, THREE VALLEYS MUNICIPAL WATER DISTRICT, CALIFORNIA WATER -WALNUT VALLEY WATER DISTRICT, CALIFORNIA WATER-WVWD-IMPROVEMENT DISTRICT #3, CALIFORNIA WATER-WVWD-IMPROVEMENT DISTRICT 44, APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 21, "ANNEXATION NO. 647' 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. 467. NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: SECTION 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. 467 is approved and accepted. SECTION H. For each fiscal year commencing on and after July 1, 1996, or after the 96-55 effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District No. 21 a total of 0.3594 percent of the Annual Tax Increment attributable to the land area encompassed within Annexation No. 467. Said percentage has been determined on .the basis of the following contributions. AGENCY PERCENT Los Angeles County General Fund 0.1775 Los Angeles County Library 0.0147 Los Angeles County Flood Control 0.0069 Los Angeles County Fire Protection District 0.1032 Los Angeles County Fire - FFW 0.0087 City of Diamond Bar 0.0397. Greater Los Angeles County Vector Control District 0.0002 Three Valleys Municipal Water District 0.0021 California Water -Walnut Valley Water District 0.0004 California Water-WVWD-Improvement District #3 0.0048 California Water-WVWD-Improvement District #4 0.0012 TOTAL 0.3594 SECTION III. 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. 467. SECTION IV. 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. SECTION V. 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 96-55 which is proper shall be refunded to the appropriate agency. SECTION VI. The City Council of the City of Diamond Bar hereby authorizes the Mayor to execute the joint resolution referred to herein, a copy of which is attached and marked Exhibit "A." PASSED, APPROVED, AND ADOPTED this A r h day of Aug, X1996.19_ Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that the foregoing Resolution Number 96-55 (1966) 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 6 thday of Aug , 1996, by the following vote, to wit: AYES: COUNCILMEMBERS: Harmony, Herrera, Werner, MPT/Huff, M/Ansari NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ABSTAIN: COUNCILMEMBERS: None LYNDAfftJRGESS, CITY Cl_ AZK_ CITY OF DIAMOND BAR, CAT—IFOW1IA 96-55