CC - 1986-11 - Tax Sharing Agreement with MontebelloMONTEBELLO RESOLUTION NO. 86-17
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:
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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.
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CITY OF MONTEBELLO
Mayor
CITY OF ROSEMEAD
Mayor
COUNTY OF LOS ANGELES
unairman
Board of Supervisors
City Clerk
day of 1986
City Clerk
11th day of February 1986
LARRY J. MONTEILH, Executive Officer-
Clerk of the Board of Supervisors
Deputy
day of 1986
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