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056135 RESOLUTION NO. 561 JOINT RESOLUTION OF THE BOARD OF SUPERVISORS OF LOS ANGELES COUNTY, THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, 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 ROLLING HILLS 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 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 reve- nue 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 co co behalf of the district; and (v WHEREAS, the "Rolling Hills Annexation" to the Los W Angeles County West Mosquito Abatement District affects only m the County of Los Angeles, the City of Rolling Hills and the Q Los Angeles County West Mosquito Abatement District; and WHEREAS, the affected agencies desire to provide ade- quate and equal funding for the provision of services by the District to the City of Rolling Hills. NOW, THEREFORE, BE IT RESOLVED as follows: 1. The negotiated exchange of property tax revenue between the County of Los Angeles, the City of Rolling Hills and the Los Angeles County West Mosquito Abatement District resulting from the "Rolling Hills 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 One Thousand Six Hundred Eighty -One Dollars ($1,681) is ordered transferred from the City of Rolling Hills to the Los Angeles County West Mosquito Abatement District One Thousand Six Hundred Eighty -One Dollars ($1,681) is ordered transferred 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 attributable to the "Rolling Hills 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 Rolling Hills and Fifth Percent (50%) of said per- centage to be transferred from the County of Los Angeles, and the City's and the County's share of incremental tax growth shall be reduced accordingly. 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 Rolling Hills. CITY OF ROLLING HILLS H11ria l; City Clerk 13th day of July Resolution No. 5-6 / Page 2 of 3 1987 0 LOS ANGELES COUNTY WEST MOSQUITO ABATEMENT DISTRICT General Manager day of 1987 COUNTY OF LOS ANGELES Chairman, Board of Supervisors LARRY J. MONTEILH, Executive Officer - Clerk of the Board of Supervisors By Deputy day of 1987 Resolution No. ,.5-61 Page 3 of 3 3'7