HomeMy WebLinkAbout1991-08-27 - RESOLUTIONS - SANDIST 26 ANNEX 264 (2)RESOLUTION 91-132
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES
ACTING IN BEHALF OF
Los Angeles County General Purposes Fund
Los Angeles County Public Library
Los Angeles County Flood Control District
Los Angeles County Fire Protection District
THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 26 OF THE COUNTY OF
LOS ANGELES, AND THE GOVERNING BODIES OF
City of Santa Clarita
Castiac Lake Water Agency
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 26.
"ANNEXATION NO. 264"
WHEREAS, pursuant to Section 99 and 99.1 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 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, 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. 26 entitled Anneratlon No. 264.
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. 26 in the annexation entitled Annexation No. 264 is approved and accepted.
2. For each fiscal year commencing on and after July 1, 1992 or after the effective date of this
jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District No. 26
a total of 2.2852 percent of the Annual Tax Increment attributable to the land area encompassed within
Annexation No. 264.
Said percentage has been determined on the basis of the following contributions.
AGENCY PERCENT
Los Angeles County General
1.3094
Los Angeles County Library
.1324
Los Angeles County Flood Control
.0262
Fire Protection District
.4654
City of Santa Clarita
.2103
Castiac Lake Water Agency
.1415
TOTAL 2.2852
3. No additional transfer of property tax revenues shall be made from any other taxing agencies
to County Sanitation District No. 26 as a result of this annexation.
4. No transfer of property tax revenues from properties within a community redevelopment
project shall be made during the period that the entire tax increment is legally committed for repayment of
the redevelopment project costs. The 1989-1990 assessed valuation shall be used as the tax base for future
tax increment determinations relative to this resolution.
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. 26 and the governing bodies of the taxing agencies
signatory hereto.
COUNTY SANITATION DISTRICT NO. 26 COUNTY OF LOS ANGELES
OF LOS ANGELES COUNTY
Chairperson, Board of Directors
ATTEST:
Chairman, Board of Supervisors
LARRY J. MONTEILH, Executive Officer -
Clerk of the Board of Supervisors
Deputy
City of Santa Clarita Castaic Lal ater Agency �-
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