CC - 1982-48 - Property Tax Revenue Resulting from AnnexationRESOLUTION NO.82-48
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF LOS ANGELES AND THE CITY
COUNCIL OF THE CITY OF ROSEMEAD APPROVING AND
ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX
REVENUE RESULTING FROM ANNEXATION OF UNINCOR-
PORATED TERRITORY TO THE CITY OF ROSEMEAD--
"ANNEXATION 47"
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 revenues by resolution; but if the affected
agency is a special district, the Board of Supervisors must nego-
tiate on behalf of the district; and
WHEREAS, the Board of Supervisors of the County of Los Angeles
and the City Council of the City of Rosemead have determined that
the amount of property tax revenues to be exchanged between their
respective agencies as a result of the annexation of unincorporated
territory to the City of Rosemead entitled "Annexation 47" is as
set forth below.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. The negotiated exchange of property tax revenues between
the County of Los Angeles and the City of Rosemead resulting from
the annexation of unincorporated territory to the City of Rosemead
in the annexation entitled "Annexation 47" is approved and accepted.
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2. No property tax revenue shall be transferred from the
County of Los Angeles to the City of Rosemead as a result of this
proposal. In addition, no portion of Los Angeles County's
current countywide average share of the incremental tax growth
attributable to the "Annexation 47" area shall be transferred to
the City of Rosemead.
3. For fiscal years commencing on and after July 1, 1982,
all property tax revenue received by Road District 1 attributable
to the Rosemead "Annexation 47" area shall be transferred to the
County of Los Angeles.
4. No transfer of property tax revenues shall be made to
or from any other taxing agency(ies) as a result of this proposal.
The foregoing resolution was adopted by the Board of Supervisors
of the County of Los Angeles and the City Council of the City of
Rosemead.
CITY OF ROSEMEAD
COUNTY OF LOS ANGELES
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-Mayor Chairman, Board of Supervisors
ATTEST:
JAMES S. MIZE, Executive Officer-
Clerk of the Board of Supervisors
(l L/rte X~~.`~
City Clerk ii
day of ` a!:E-•-c./to.s_i 1982
By
Deputy
day of 1982
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