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CC RES 1987-041RESOLUTION N0, 87 -41 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF LOS ANGELES COUNTY, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VE RDES, AND THE LOS ANGELES COUNTY WEST MOSQUITO ABATEMENT DISTRICT APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM THE ANNEXATION OF THE CITY OF RANCHO PALOS VERDES TO LOS ANGELES COUNTY WEST MOSQUITO ABATEMENT DISTRICT 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 negotiated 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 "Rancho Palos Verdes Annexation" to the Los Angeles County West Mosquito Abatement District affects only the County of Los Angeles, the City of Rancho Palos Verdes and the Los Angeles County West Mosquito Abatement District; and WHEREAS, the affected agencies desire to provide adequate and equal funding for the provision of services by the District to the City of Rancho Palos Verdes. NOW, THEREFORE, BE IT RESOLVED as follows: 1. The negotiated exchange of property tax revenue between the County of Los Angeles, the City of Rancho Palos Verdes and the Los ' Angeles County West Mosquito Abatement District resulting from the "Rancho Palos Verdes Annexation" to Los Angeles County West Mosquito Abatement District is approved and accepted. 2. For fiscal years commencing on and after-July 1, 1988, or after the effective date of this jurisdictional change, whichever is later, property tax revenue in the amount of Seven Thousand Five Hundred Sixty -Four Dollars ($7,564) is ordered transferred from the City of Rancho Palos Verdes to the Los Angeles County West Mosquito Abatement District and Seven Thousand Five Hundred Sixty -Four Dollars ($7,564) is ordered trans- ferred from the County of Los Angeles to the Los Angeles County West Mosquito Abatement District. 3. In addition, for each fiscal year commencing on and after July 1.$ 1988, or after the effective date of this jurisdictional change, whichever is later, 0.0319293 Percent of the incremental tax growth attri- butable to the "Rancho Palos Verdes Annexation" area shall be transferred to the Los Angeles County West Mosquito Abatement District, Fifty Percent (50 %) of said percentage to be transferred from the City of Rancho Palos Verdes and Fifty Percent (50 %) of said percentage to be transferred from the County of Los Angeles, the and City's and the County's share of incre- mental tax growth shall be reduced accordingly. 708CP /RES1.1 -2 4. No other transfers of property tax revenue shall be made among the agencies as a result of this annexation. The foregoing resolution was adopted by the Board of Supervisors of the County of Los Angeles, the Board of Directors of the Los Angeles County West Mosquito Abatement District and the City Council of the City of Rancho Palos Verdes, PASSED, APPROVED and ADOPTED on JUNE 16, 1987 CITY CLERK late of California ) County of Los Angeles ) City of Rancho Palos Verdes ) 13 JO PURCELL, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 87 -40 was duly and regularly passed and adopted by sai&' City Council at - a regular meeting thereof held on June 16, 19870 City C rk, C y of Rancho Palos Verdes 708CP /RES 1 .1 -2 f LOS ANGELES COUNTY NEST MOSQUITO ABATEMENT DISTRICT 1 General Manager 3 day of 1987 OUNTY OF LOS ANGELES t Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors � B oe puty /,j06 day of , 1987 Resol. 87 -41 748CP1 RES 1.1 -2