CC - 1980-64 - Tax Revenues Resulting from Annexation of Unincorporated Territory to the CityRESOLUTION NO. 80=64
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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
REVENUES RESULTING%F-ROM ANNEXATION OF UNINCORPORATED
TERRITORY TO THE^CITY`OF ROSEMEAD--"ANNEXATION NO. 48"
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 revenues to be exchanged
between the affected agencies and approve and accept the negotiated exchange of
property tax revenues by resolution; 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 No. 48" 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 in the annexation entitled "Annexation
No. 48" is approved and accepted.
2. For fiscal years commencing on and after July 1, 1980, no property
tax revenue is ordered transferred from the County of Los Angeles to the City of
Rosemead. In addition, for each fiscal year commencing on and after July 1, 1980,
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no portion of Los.Angeles County's share of the incremental tax growth attribut-
able to the "Annexation No. 48" area shall be transferred to the City of Rosemead.
3. No transfer;gf property tax revenues shall be made from a special
district to the City of Rosemead as a result of this annexation.
The foregoing resolutionwas adopted by the Board of Supervisors of
the County of Los Angeles and by the City Council of.the City of Rosemead.
CITY OF ROSEMEAD
COUNTY OF LOS ANGELES
Mayor Chairman, Board of Supervisors
JAMES S. MIZE, Executive Officer-
Clerk of the Board of Supervisors
CITY CLERK
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By
Deputy
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