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CC RES 1995-009s RESOLUTION NO. 95 -9 A JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM THE TRANSFER OF JURISDICTION OVER COUNTY LIGHTING MAINTENANCE DISTRICT NO. 1560 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 revenue to be exchanged between the affected agencies and approve and accept the nego- tiated exchange of property tax revenues by resolution, but if the affected agency is a special district, the Board of Supervisors must negotiate on behalf of the district; and WHEREAS, the Board of Supervisors of the County of Los Angeles and the City Council of the City of Rancho Palos Verdes have determined that the amount of property tax revenue to be exchanged as a result of the transfer of jurisdiction over County Lighting Maintenance District No. 1560 is as set forth below. NOW, THEREFORE, THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AND THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DO HEREBY FIND, DETERMINE, RESOLVE AND ORDER AS FOLLOWS: Section 1,1, The negotiated exchange of property tax revenue resulting from the transfer of jurisdiction over County Lighting Maintenance District No. 1560 from the County to the City is approved and accepted. Section 2. Pursuant to Resolution No. 95 -08, upon the effective date of the transfer of jurisdiction over County Lighting Maintenance District No. 1560 from the County to the City, County Lighting Maintenance District No. 1560 shall thereafter be designated "Rancho Palos Verdes Lighting Maintenance District." Section 3. For each fiscal year commencing on and after July 1, 1995, or after the effective date of this juris- dictional change, whichever is later, all property tax revenue received by Rancho Palos Verdes Lighting Maintenance District (formerly County Lighting Maintenance District No. 1560) shall be transferred to the City of Rancho Palos Verdes. - 950110 R6876 -00001 rdw 1101039 0 Section 4. No additional transfer of ro ert tax P P Y revenues shall be made to or from any other taxing agency(ies) as a result of this jurisdictional change. PASSED, APPROVED, and ADOPTED this 17th day of January, 1995. CITY OF RANCHO PALOS VERDES /S/ LEE B. BYRD Mayor ATTEST: Cit Clerk The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, State of California on she 6th day of April ., 19950 C T OF LOS AN ES irman, Board of Supervisors ATTEST: Joanne Sturges Executive Officer -Clerk of the Board of Supervisors By Denmty 47 950110 R6876 -00001 rdw 1101039 0 - 2 - RESOL . NO. 95-9 j(I oil r���i fit pf IA qp t # 1 �• s J /Q 1 k opt Loves �.�4l�tti�-KJ• G.1"T`'t N� RESOL. NO, 95-9----- RESOLUTION NO. 95 -9 A JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES AND THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUE RESULTING FROM THE TRANSFER OF JURISDICTION OVER COUNTY LIGHTING MAINTENANCE DISTRICT NO, 1560 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 revenue to be exchanged between the affected agencies and approve and accept the nego- tiated exchange of property tax revenues by resolution, but if the affected agency is a special district, the Board of Supervisors must negotiate on behalf of the district; and WHEREAS, the Board of Supervisors of the County of Los Angeles and the City Council of the City of Rancho Palos Verdes have determined that the amount of property tax revenue to be exchanged as a result of the transfer of jurisdiction over County Lighting Maintenance District No. 1560 is as set forth below. NOW, THEREFORE, THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AND THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES DO HEREBY FIND, DETERMINE, RESOLVE AND ORDER AS FOLLOWS: Section 1.1. The negotiated exchange of property tax revenue resulting from the transfer of jurisdiction over County Lighting Maintenance District No. 1560 from the County to the City is approved and accepted. Section 2. Pursuant to Resolution No. 95 -08, upon the effective date of the transfer of jurisdiction over County Lighting Maintenance District No. 1560 from the County to the City, County Lighting Maintenance District No. 1560 shall thereafter be designated "Rancho Palos Verdes Lighting Maintenance District." Section 3. For each fiscal year commencing on and after July 1, 1995, or after the effective date of this juris- dictional change, whichever is later, all property tax revenue received by Rancho Palos Verdes Lighting Maintenance District (formerly County Lighting Maintenance District No. 1560) shall be transferred to the City of Rancho Palos Verdes. 950110 R6876 -00001 rdw 1101039 0 Section 4. No additional transfer of property tax revenues shall be made to or from any other taxing agency(ies) as a result of this jurisdictional change. 1995. PASSED, APPROVED, and ADOPTED this 17th day of January, CITY OF RANCHO PALOS VERDES 1 1h n Mayor ATTEST: Ci Clerk The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, State of California on the- 6th day of April , 1995. COUNTY OF LOS ANGELES _IS/ GLORIA MOLINA Chairman, Board of Supervisors ATTEST: Joanne Sturges Executive Officer -Clerk of the Board of Supervisors By /S/ SYDNEY SOLOMON Deputy 950110 86876 -00001 rdw 1101039 0 - 2 - RESOL . NO. 95-9 -qq44 1 dlOw 1 �• s J a f kip$ k `11�ti Ike of Z. L.0 .j .1-� � 1. � Cry -�►� �••�,. ���� ��,,, -3- RESOL . NO.--95-9 - AM Tr id 40 low