HomeMy Public PortalAbout98-177 (10-13-98)
RESOLUTION 98-177
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LYNWOOD ADJUSTING THE RATE OF
AND LEVYING TAXES FOR THE CITY'S
CONTRIBUTION TO THE RETIREMENT FUND.
WHEREAS, on April 16, 1946, the electors of the City of Lynwood adopted
Ordinance No. 426, that approved the State Employees' Retirement system as the
retirement system for officials and employees of the City of Lynwood and authorized the
City Council to levy taxes to maintain the City's share of contributions to that retirement
system; anii
WHEREAS, On November 4, 1974, the electors of the City of Lynwood
adopted Ordinance No. 975, that amended Ordinance No. 426, as well as the contract
between the Cfty and the Public Employees Retirement system, to include improved
retirement benefits for local safety members in the City of Lynwood and further
authorized the City Council to levysuch taxes as may be determined to maintain the
City's share of those improved benefits; and
WHEREAS, on August 6, 1997, the City Council adopted Resolution No.
97-124, adjusting the rate of the tax levy to pay for the costs and expenses related to
the maintenance and operations of the Retirement Fund during prior years; and
WHEREAS, on October 13 , 1998, the City Council adopted Resolution
No.96-177 , approving a settlement in the matter of Howard Jarvis Taxpayers
Association v. City of Lynwood; and
WHEREAS, one of the conditions of the settlement is to fix the rate of tax
to be collected for the costs and expenses related to the Retirement Fund at $0.125 per
~r . $100 of assessed valuation.
`~ NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD
DOES RESOLVE AS FOLLOWS:
Section 1. The specfic rate of the tax to be collected to pay for the costs
and expenses related to the Retirement Fund for fiscal year 1998-1999 is hereby
determined and established as $0.125 for each $100 of assessed valuation.
Section 2. The tax shall be collected in the same manner as ordinary ad
valorem property taxes are collected.
Section 3. The Auditor-Conroller of Los Angeles County is requested to
enter on the next County assessment roll on which taxes will become due, opposite
each lot or parcel of land affected, the installment of the tax that is then due and the rate
of that tax.
July 1, 1998.
eetion 4. The effective date of the new tax rate, as established herein, is
ection 5. The City Clerk is directed to certify to the passage and
adoption of this resolution and to transmit a cert~ed copy of this resolution to the
Auditor-Controller of Los Angeles County.
PASSED, APPROVED AND ADOPTED this 13th day of October 1998.
1 ~.
Armando Rea, Mayor
City of Lynwood
ATTEST:
ANDREA L. HOOPER, City Clerk
City of Lynwood
APPROVED AS TO FORM:
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.„ CCL ~_
c
City Attorney
City of Lynwood
,,
STATE OF CALIFORNIA )
• ) Ss.
COUNTY OF LOS ANGELES )
APPROVED AS TO CONTENT:
+~.- 1
RAL H . D III
Interim City Manager
Alf tt F. Earnest
Director of Finance
I, the undersigned,-City Clerk of the City of Lynwood, do hereby certify that the
~ foregoing resolution was passed and adopted by the City Council of the City of
~~
Lynwood at a regular meeting held on the 13th day of October , 1998.
AYES' COUNCILMAN BYRD, SANCHEZ, REA
NOES: COUNCILMAN RICHARDS, REA
ABSENT: NONE
/, ,
City Clerk, City of Lynwood
STATE OF CALIFORNIA )
Ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true and
correct copy of Resolution No. 98-177 on file in my office and that said resolution
was adopted on the date and by the vote therein stated. Dated this lath day of
October , 1998.
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City Clerk, City of Lynwood