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HomeMy Public PortalAboutResolution 80-1935RESOLUTION 80 -1935 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 -2" 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 -2" 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 -2" 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 �A 1• By % A— Chief Deputy City Clerk 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.