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HomeMy WebLinkAbout6992RESOLUTION NO. 6992 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, ADOPTING THE JOINT RESOLUTION OF THE LOS ANGELES COUNTY BOARD OF SUPERVISORS AND THE LOS ANGELES COUNTY SANITATION DISTRICT NO. 15 BOARD OF DIRECTORS APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 15 WHEREAS, there is property within the City of Arcadia which is to be annexed to the County Sanitation District of the County of Los Angeles; and WHEREAS, pursuant to Sections 99 and 99.01 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing new service, the governing bodies of all local agencies who receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution; and WHEREAS, there has been prepared a joint resolution of the Los Angeles County Board of Supervisors and the Los Angeles County Sanitation District No. 15 Board of Directors; and WHEREAS, this joint resolution specifies the negotiated exchange of property tax revenues for Annexation No. 293 for each fiscal year commencing on and after July 1, 2013. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS: 1 SECTION 1. That the joint resolution of the Los Angeles County Board of Supervisors, the Los Angeles County Sanitation District No. 15 Board of Directors, and the City of Arcadia, a copy of which is attached hereto, approving and accepting the negotiated exchange of property tax revenues resulting from Annexation No. 293 to County Sanitation District No. 15, is hereby adopted. SECTION 2. That for the fiscal year commencing on and after July 1, 2013 or after the effective date of this jurisdictional change, whichever is later, and for fiscal years thereafter, the County Auditor shall transfer to County Sanitation District No. 15 a total of 0.50767 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 293. SECTION 3. That no additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 15 as a result of Annexation No. 293. SECTION 4. That no transfer of property tax increments, if any, from properties within the area subject to the Central Redevelopment Plan previously adopted by the Arcadia Redevelopment Agency, shall be made during the period that such tax increment is legally committed for repayment of the redevelopment project costs. SECTION 5. That if at any time after the effective date of this Resolution, the calculations used herein to determine initial property tax transfers or the data used to perform those calculations are found to be incorrect, thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of property tax received in excess of that which is proper shall be refunded to the 2 appropriate agency. SECTION 6. That annually adjusted rates shall take effect for all sewer service appearing on sewer bills issued on July 1 or thereafter of each year. SECTION 7. That the Mayor and City Clerk are hereby authorized and directed to execute said joint resolution indicating adoption by the City Council of the City of Arcadia. Passed approved and adopted this 17th day of September , 2013. ATTEST: City erk APPROVED AS TO FORM: S-E�� P, ,eti� Step eh n P. Deitsch City Attorney 3 Mayor of a Ci of Arcadia STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) SS: CITY OF ARCADIA ) I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the foregoing Resolution No. 6992 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 17th day of September, 2013 and that said Resolution was adopted by the following vote, to wit: AYES: Council Member Amundson, Harbicht, Kovacic, and Segal NOES: None ABSENT: Council Member Wuo 4 of the Citv of Arcadia JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF Los Angeles County General Fund Los Angeles County Flood Control THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 15 OF LOS ANGELES COUNTY, AND THE GOVERNING BODIES OF City of Arcadia Upper San Gabriel Valley Municipal Water District APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 15. "ANNEXATION NO. 293" WHEREAS, pursuant to Section 99 and 99.01 of the Revenue and Taxation Code, prior to the effective date of any jurisdictional change which will result in a special district providing a new service, the governing bodies of all local agencies that receive an apportionment of the property tax from the area must determine the amount of property tax revenues from the annual tax increment to be exchanged between the affected agencies and approve and accept the negotiated exchange of property tax revenues by resolution; and WHEREAS, the governing bodies of the agencies signatory hereto have made determinations of the amount of property tax revenues from the annual tax increments to be exchanged as a result of the annexation to County Sanitation District No. 15 entitled Annexation No. 293; NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. The negotiated exchange of property tax revenues resulting from the annexation of territory to County Sanitation District No. 15 in the annexation entitled Annexation No. 293 is approved and accepted. 2. For each fiscal year commencing on and after July 1, 2013 or after the effective date of this jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District No. 15 a total of 0.50767 percent of the annual tax increment attributable to the land area encompassed within Annexation No. 293 as shown on the attached Worksheet. 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 15 as a result of annexation entitled Annexation No. 293, 4. No transfer of property tax increments from properties within a community redevelopment project, which are legally committed to a Community Redevelopment Agency, shall be made during the period that such tax increment is legally committed for repayment of the redevelopment project costs. 5. If at any time after the effective date of this resolution, the calculations used herein to determine initial property tax transfers or the data used to perform those calculations are found to be incorrect thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of property tax received in excess of that which is proper shall be refunded to the appropriate agency. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of County Sanitation District No. 15 of Los Angeles County, and the governing bodies of City of Arcadia and Upper San Gabriel Valley Municipal Water District, signatory hereto. CITY OF ARCADIA A 0; 0 4 -, /� SIGNATURE PRINT NAME AND TITLE ATTEST: ate (SIGNED IN COUNTERPART)