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RESOLUTION 80 -1934
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF
THE COUNTY OF LOS ANGELES AND THE CITY COUNCIL
OF THE CITY OF TEMPLE CITY APPROVING AND ACCEPTING
NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM ANNEXATION OF UNINCORPORATED
TERRITORY TO THE CITY OF TEMPLE CITY.
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 nego-
tiated 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 Temple City 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 Temple City
entitled "Annexation No. 80 -1" 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 Temple City
resulting from the annexation of unincorporated territory to the
City in the annexation entitled "Annexation No. 80 -1" 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 Temple City. In addition, for each
fiscal year commencing on and after July 1, 1980, none of Los
Angeles County's share of the incremental tax growth attributable
to the "Annexation No. 80 -1" area shall be transferred to the City
of Temple City.
3. No transfer of property tax revenues shall be made from
a special district to the city of Temple City as a result of this
annexation.
The foregoing resolution was adopted by the Board of Super-
visors of the County of Los Angeles and the City Council of the
City of Temple City.
APPROVED, PASSED, AND ADOPTED THIS 30th day of September, 1980,
by the following vote:
AYES: Councilmen- Dennis, Gillanders, Merritt, Atkins
NOES: Councilmen -None
ABSENT: Councilmen - Tyrell
CITY OF TEMPLE CITY
t4AAAC
MAYOR
Chie Deputy City C er
30th day of September , 1980.
COUNTY OF LOS ANGELES
Chairman, Board of Supervisors
JAMES S. MIZE, Executive Officer -
Clerk of the Board of Supervisors
By
Deputy
day of , 1980.