CC RES 1986-018• i
RESOLUTION NO. 86 -18
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF
LOS ANGELES COUNTY, THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES , AND THE
CITY COUNCIL OF THE CITY OF LOS ANGELES
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE
OF PROPERTY TAX REVENUES RESULTING FROM
THE REORGANIZATION PROPOSAL. IDENTIFIED AS
"WESTERN AVENUE BOUNDARY ADJUSTMENT" TO
THE CITY OF RANCHO PALOS VERDES
FROM THE CITY OF LOS ANGELES
( CONSOLIDATED FIRE PROTECTION DISTRICT)
WHEREAS , pursuant to Section 99 of the Revenue and
Taxation Code, prior to the effective date of any jurisdic-
tional 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 negotiated exchange of property tax
revenues by resolution; but if the affected agency is a spe-
cial district, the Board of Supervisors must negotiate on
behalf of the district; and
WHEREAS, the Board of Supervisors of the County of
Los Angeles, the City Council of the City of Rancho Palos
Verdes, and the City Council of the City of Los Angeles have
determined that the amount of property tax revenue to be
exchanged between their respective agencies as a result of
"Western Avenue Boundary Adjustment" to the City of Rancho
Palos Verdes (Detachment from the City of Los Angeles) , 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, the City of Rancho Palos
Verdes and the City of Los Angeles resulting from the reorga-
nization of territory, identified as "Western Avenue
Boundary Adjustment" to the City of Rancho Palos Verdes
( Detachment from the City of Los Angeles) is approved and
accepted.
2.. For fiscal years commencing on and after July 1,
1987, or after the effective date of this jurisdictional
change, whichever is later, all property tax revenue received
by the City of Los Angeles, including its share of the incre-
mental tax growth, attributable to the subject territory
shall be transferred to the County of Los Angeles and the
following transfers shall be Made therefrom:
(a) Thirteen Dollars ($13) in property tax
revenue, plus One and Two- Tenths Percent (1.2%) of the incre-
mental tax growth attributable to the subject territory,
shall be transferred to the City of Rancho Palos Verdes.
(b) One Hundred Eighty -One Dollars ($181) in
property tax revenue, pl qs Seventeen and Two-Tenths Percent
(17.2%) of the incremental tax growth attributable to the
subject territory shall be transferred to the Consolidated
Fire Protection District
-2- RESOL. NO. 86 -18
3 . No other transfers of
made to or from any other taxing
this proposal.
The foregoing resolution w,
Supervisors of the County of Los
the City of Los Angeles , and the
Rancho Palos Verdes .
property tax
agencies as
as adopted by
Angeles, the
City Council
revenues shall be
a result of
the Board of
City Council of
of the City of
CITY OF RANCHO PALOS VERDES CITY OF LOS ANGELES
I S I DOUGLAS M. HINCHLIFFE
Mayor
ATTEST:
ty Cler
sTHfiay of
APRIL 19$6
It
Mayor
ATTEST:
City Clerk
day of
-3- RESOL. NO. 86 -18
1986
t
COUNTY OF LOS ANGELES
Chairman
LARRY J . MONTE ILH
Executive Officer -Clerk of
the Board of Supervisors
By
Deputy
day of 1986
4W4- RESOL, NO. 86 -18