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CC RESOLUTION 3278I-1130f! A CITY OF EL SEGUNDO RESOLUTION NO. 3278 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF 1. General County Purposes R_md = 2. Flood Control District 3. 4. 5. ' b. 7. 8 _ THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 5 OF THE COUNTY OF LOS ANGELES, AND THE GOVERNING BODIES OF 1. City of El Segundo 2. Central -West Basin Water Replenishment District , 3. , 4, , APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 5 "ANNEXATION NO'. 48 rt 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 IMEREAS, 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. 5 entitled "Annexation No. 48 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. 5 in the annexation entitled "Annexation No. 48 It is approves and accepted. Am It ca Q A 114 0< 14301 ��ommencin� on ;111(1 af t�vr 3111Y I, 1'M V0a r 2 1 �, o i� I " - OU After the . eff I PC tivp ("'I i1irisdict-iolial cliallge, X-7hich- I I (, o f t-11 Vver is later, the Count.ti Aiikiii-or _hall transfer to County District No. 5 a total- of _Q..777Q.._"/�,(J the Anno:it Tax TncremetiL it:bin Antiex�ltion 110. 48 attributable U) tTle land ai ea encomim'—se 1 W — Said percentage has been determined on the ha,_41s of the following contributions, Agency Percent General County Purposes Fund 0.7008.___ • Flood Control District 0.0133. City of El Segundo 0.0626 Central-West Basin Water Replenishment Dist. 0.0003 Total 0.7770 1• 3. No additional transfer of property tax revenues shall be made from any other taxing agencies to County Sanitation District No. 5 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 1985-1986 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. 5 and the governing bodies of the taxing agencies signatory hereto. COUNTY SANITATION DISTRICT NO. 5 OF LOS ANGELES COUNTY Chairperson, Board of Directors ATTEST: ecretary M 84) BY: Charles K. Armstrong, ATTEST: (S EAL) ClEy Ulul-r, COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors puty Central-West Basin Water Replenishment' District 9 14430'-" 1 STATE OF CALIFORNIA COUNTY OF LOS ANGELES CITY OF EL SEGUNDO I � VALERIE A. BURROWES 3 City Clerk of the City of El Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City.is five; that the foregoing resolution, being Resolution No. 3278 __ was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the -21st day of August 1 19 84 and that the same was so passed and adopted by the following vote: AYES: Council Members Jacobson, Schuldt, Siadek, Synadinos & Mayor Armstrong NOES: Council Member None ABSENT: Council Member None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY this —11th day of September 19 84 City Clerk ot the City 6-f—El Segundo, California