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CC RESOLUTION 33930 00 RESOLUT-70111 i +O. 3393 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF.THE COUNTY OF LOS ANGELES ACTING IN BEHALF OF 1. _General County Purposes Fund 2. Flood Control District , 3. 4. 5. , 6. , 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 N0. 5 , AND RESCINDING CITY OF EL SEGUNDO RESOLUTION NO. 3278. "ANNEXATION NO. 48 " AS, ,pursuant to Section 99 and 99.1 of the Revenue and Taxation Coe, prior to the effective date of any jurisdictional change which wi�7.L ') -4 in a special district providing a new service, the governing bodies of all local agencies who receive an apportionment of the proper L,° cax from the area must determine the amount of property tax revenues from she annual tax increment to be exchanged between the affected agencies jn.4 approve and accept the negotiated exchange of property tax revent'QS bV, resolution, and 41786 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. 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 approved and accepted. .. _14i,g7 • 2. For each fiscal year commencing on and after July 1, 1987 • or after the effective date of this jurisdictional change, which - ever is later, the County Auditor shall transfer to County Sanitation 0.0167 District No. 5 a total of 0.8615 % of the Annual Tax Increment 0.0670 attributable to the land area encompassed within Annexation No. 48 Said percentage has been determined on the basis of the following contributions. i 0 •� 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 1986 -19(7 assessed valuation shall be used as the tax base for future tax increment determinations relative to this resolution. 5. City of E1 Segundo Resolution :do. 3278 is hereby rescinded. 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: 2 COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors Deputy Central -West Basin Water Replenishment District -I Agency Percent • General County Purposes Fund 0.7775 Flood Control District 0.0167 City of El Segundo 0.0670 Central -West Basin Water Replenishment District 0.0003 Total 0.8615 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. i 0 •� 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 1986 -19(7 assessed valuation shall be used as the tax base for future tax increment determinations relative to this resolution. 5. City of E1 Segundo Resolution :do. 3278 is hereby rescinded. 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: 2 COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors Deputy Central -West Basin Water Replenishment District -I i 14778 9 'i 00 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Ronald L. Hart , City Clerk of the City of E1 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. 3393 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 3rd day of June , 19 86 and that the same was so passed and adopted by the following vote: AYES: NOES: ABSENT: Councilmembers Anderson, Jacobson, Schuldt West, & Mayor Siadek Councilmembers None Councilmembers None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY this 9th day of July t , 19 86 . (SEAL) M1 City Clerk of the City of E1 Segundo, California