CC RESOLUTION 4683RESOLUTION NO. 4683
JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF LOS ANGELES
ACTING IN BEHALF OF
Los Angeles County General Fund
Los Angeles County Flood Control
THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO. 5 OF LOS ANGELES
COUNTY, AND THE GOVERNING BODIES OF
Los Angeles County West Vector Control District
City of El Segundo
Water Replenishment District of Southern California
APPROVING AND ACCEPTING NEGOTIATED EXCHANGE OF PROPERTY TAX REVENUES
RESULTING FROM ANNEXATION TO COUNTY SANITATION DISTRICT NO. 5.
"ANNEXATION NO. 55"
WHEREAS, pursuant to Section 99 and 99.01 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 that 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
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. 55;
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. 55 is approved and
accepted.
2. For each fiscal year commencing on and after July 1, 2010, or after the effective date of this
jurisdictional change, whichever is later, the County Auditor shall transfer to County Sanitation District
No. 5 a total of 0.5537356 percent of the annual tax increment attributable to the land area encompassed
within Annexation No. 55 as shown on the attached Worksheet.
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 annexation entitled Annexation No. 55.
4. No transfer of property tax increments from properties within a community redevelopment
project, which are legally committed to a Community Redevelopment Agency, shall be made during the
period that such tax increment is legally committed for repayment of the redevelopment project costs.
5. If at any time after the effective date of this resolution, the calculations used herein to
determine initial property tax transfers or the data used to perform those calculations are found to be
incorrect thus producing an improper or inaccurate property tax transfer, the property tax transfer shall be
recalculated and the corrected transfer shall be implemented for the next fiscal year, and any amounts of
property tax received in excess of that which is proper shall be refunded to the appropriate agency.
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 of Los Angeles County, and the governing
bodies of Los Angeles County West Vector Control District, City of El Segundo, and Water
Replenishment District of Southern California, signatory hereto.
CITY OF EL SEGUNDO
SIGNATURE
Eric Busch, Mayor
PRINT NAME AND TITLE
ATTEST:
September 21, 2010
re DaXe
ED AS T
CITY TOW EY
(SIGNED IN COUNTERPART)