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CC - Item 3E - Resolution for Accepting property Tax revenue resulting from transfer of Territory between Montebello & Rosemead - Internal File 018V TO: HONORABLE MAYOR AND MEMBERS ROSEMEAD CITY COUNCIL FROM: FRANK G. TRIPEPI, CITY MANAGGFFR S`'7 DATE: FEBRUARY 11, 1986 RE: RESOLUTION NO. 86-11 JOINT RESOLUTION OF THE BOARD OF SUPERVISOR'S OF THE COUNTY OF LOS ANGELES, THE CITY COUNCIL OF THE CITY OF MONTEBELLO AND THE CITY COUNCIL OF THE CITY OF ROSEMEAD APPROVING AND ACCEPTING THE NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM THE TRANSFER OF TERRITORY BETWEEN THE CITIES OF MONTEBELLO AND ROSEMEAD IDENTIFY AS "MONTEBELLO HILLS REORGANIZATION - 1985, PARCEL A THRU F Attached for your consideration is the aforementioned Resolution prepared by the Los Angeles County Local Agency Formation Commission. Adoption of this Resolution is necessary before LAFCO can consider the final boundary adjustment regarding the Montebello Hills Town Center. The Resolution requires that all property tax revenue that would have been received by the City.of Montebello as a result of this reorganiza- tion would be allocated to the'Consolidated Fire Protection District of Los Angeles County with the exception of tax increment revenue that goes to the Montebello Community Redevelopment Agency. After this Resolution,is adopted,the application for the Montebello Hills Reorganization will be part of the LAFCO agenda for approval on March 12, 1986. Attached is a copy of a letter from LAFCO outlining the schedule necessary for the completion of this final boundary line adjust- ment. In addition, I have included a copy'of a map outlining the boundary adjustment. It is recommended that the Rosemead City Council adopt Resolution No. 86-11 approving and accepting the negotiated exchange of property tax revenues. FGT:js COUNCIL AGENDA FEB 11 1986 ITEM No. LOS ANGELES COUNTY I F LOCAL AGENCY FORMATION COMMISSION January 30, 1986. :r - - RECEIVED CITY OF ROSEMEAD Ms Marianne Cordova FEB 02 1986 City of Montebello P 7,8#9^1ldZ#1o2j3#4t5o6 1600 W. Beverly Boulevard Montebello, California 90640 Dear Marianne: SUBJECT: MONTEBELLO HILLS REORGANIZATION--1985, PARCELS A THROUGH F KENNETH I. CHAPPELL CHAIRMAN MICHAEL D. ANTONOVICH HALBERNSON BERT BOECKMANN THOMAS E. JACKSON HENRI F. PELLISS I ER PETER F, SCHABARUM ALTERNATE MEMBERS GEORGE AIASSA DEANE DANA JAMES D.GIUSEPPE ROBERT C. FARRELL NELL MIRELS STAFF RUTH BENELL E%ECU TIVE OFFICER MICHI TAKAHASHI ADMINISTRATIVE ASSISTANT Enclosed is the property tax transfer resolution for this proposal. As we discussed, I am also sending a copy of the resolution to Rosemead, so that we can shoot for the following schedule: 1) February 10 Adoption of tax resolution by Montebello 2) February 11 Adoption of tax resolution by Rosemead 3) February 18 Adoption of tax resolution by Board of Supervisors 4) March 12 LAFCO hearing 5) March 24 Adoption of final resolution by Montebello The reorganization will be finalized within a day or two of your forwarding to me certified copies of your final resolution. Sincerely, (Mrs.) Michi Takahashi Administrative Assistant Encl. cc: Frank Tripepi, w/encl. Barbara Fondrick, w/encl. 303 HALL OF AOMINISTRATION/LOS ANGELES, CALIFORNIA 90012 (213) 974-1448 .1 .fir,. i~ MONTEBELLO RESOLUTION NO. ROSEMEAD RESOLUTION NO. 86-11 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES, THE CITY COUNCIL OF THE CITY OF MONTEBELLO, AND THE CITY COUNCIL OF THE CITY OF ROSEMEAD APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM THE TRANSFER OF TERRITORY BETWEEN THE CITIES OF MONTEBELLO AND ROSEMEAD IDENTIFIED AS "MONTEBELLO HILLS REORGANIZATION--1985, PARCELS A THROUGH F" 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 ser- vice responsibilities would be altered by such change must deter- mine 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; but if the affected agency is a special district, the Board of Supervisors must negotiate on behalf of the district; and WHEREAS, the Board of Supervisors of the County of Los Angeles, the City Council of the City of Montebello 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 "Montebello Hills Reorganization— 1985, Parcels A through F" (annexation of Parcels A, C, E, and F to ,the City of Montebello and detachment from the City of Rosemead and the Consolidated Fire Protection District; annexa- tion of Parcels B and D to the City of Rosemead and the Consolidated Fire Protection District and detachment from the City of Montebello), is as follows: NOW, THEREFORE, BE IT RESOLVED as follows: 1. The negotiated exchange of property tax revenues between the Consolidated Fire Protection District of Los Angeles County, the City of Montebello, and the City of Rosemead resulting from "Montebello Hills Reorganization--1985, Parcels A through F" is approved and accepted. :2. For fiscal years commencing on and after July 1, 1987, all property tax revenue which would have been received by the City of Montebello attributable to Parcels B and D within the reorganization area, except that revenue allocated to the Community Redevelopment Agency of the City of Montebello pursuant to Health and Safety Code Section 33670, shall be transferred to the Consolidated Fire Protection District of Los Angeles County. 3. This Agreement is subject to the terms and conditions of a separate agreement dated December 3, 1985 between the Consolidated Fire Protection District of Los Angeles County and the City of Rosemead. 4. No other transfer of property tax revenue shall be made to or from any other taxing agencies as a result of this reorganization. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the City Council of the City of Montebello, and the City Council of the City of Rosemead. -2- CITY OF MONTEBELLO Mayor CITY OF ROSEMEAD Mayor COUNTY OF LOS ANGELES Chairman Board of Supervisors City Clerk day of 1986 ty Clerk _day of 1986 LARRY J. MONTEILH, Executive Officer- Clerk of the Board of Supervisors Deputy day of 986 -3- _.1 Z O Q N_ z ~ w w O w o z L LL U U r Q a r- w U ~ o z ad OJ Z O w cn m F• w z 0 Z O LL J U' uJ > CO r 11J U O ;S W h~ u a F4 ~ n 2~ N ~ 2 . ~10~ Y 1A , ,N ~m 21~ O n ~Ph N Q~~ Q ha \`W 0 P Q hWFh Q \4oW o i O - n / + / D 1 I ~ / 33f? 0 T O .a W W C/) O cc o~ a . oz acs 1U01 1b OLp V / /V / Nn .4~ m m m do is 0 O /P ~ tzi ~Ei~b ~9 Od O 0 •~J N'O 'ao R~ o& e 1 N NO •~O Q~ 4\ O t i k > - tfl, • --O'er 0 C' ~9gd saj`, h. 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