CC - 1976-43 - Property Tax Diversion by Redevelopment AgenciesRESOLUTION NO. 76-43
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ROSEMEAD REQUEST-
ING INFORMATION ON PROPERTY TAX
DIVERSION BY REDEVELOPMENT AGENCIES
THE CITY COUNCIL OF THE CITY OF ROSEMEAD RESOLVES THAT:
;t WHEREAS, the Office of the Tax Assessor is required to transmit
to individual cities an annual notice describing increases and,decreases
.in assessed valuation within the City limits, and
WHEREAS, the County Tax Assessor and County Auditor-Controller
also have available the information describing the assessed valuation'
and real property taxes generated thereby within redevelopment projects
throughout the County of Los Angeles, and
WHEREAS, supplying information to individual cities concerning
the amount of property tax receipts which are diverted into redevelop-
ment agencies would provide a vehicle of public disclosure for such
activities, and
WHEREAS, the net cost to individual.property owners could be
easily computed from such information,
NOW, THEREFORE, BE IT RESOLVED THAT:
Section 1. The City Council of the City of Rosemead,
California, urges the Los Angeles County Board of Supervisors to
compile and distribute with .the annual statement of assessed valuation,
information concerning the amounts of assessed valuation and tax incre-
ment funds diverted thereby in redevelopment projects throughout the
County of Los Angeles.
Section 2. The City Clerk is directed to transmit a
certified copy or-this Resolution to the. Board of Supervisors of
the County of Los Angeles and to the Los Angeles County Tax Assessor.
PASSED, APPROVED.,.AND ADOPTED this 10th day of August, 1976.
AYES: BUNTER, IMPERIAL, TAYLOR
.NOES : NONE AY OF HE I 0 ROS EAD
ABSTAIN: NONE
ABSENT: CICHY, TRUJILLU
ATTEST: