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HomeMy WebLinkAboutCC Reso No 82-2671 Board of Supervisors County of Riverside 2 3 RESOLUTION NO. 82 -267 APPROVING THE MASTER PROPERTY TAX TRANSFER AGREEMENT 4 BETWEEN THE CITY OF LAKE ELSINORE AND THE COUNTY OF RIVERSIDE 5 6 WHEREAS, the County of Riverside and the City of Lake 7 Elsinore are the agencies whose public services would be affected 8 by any annexation of territory to the City of Lake Elsinore; and 9 WHEREAS, representatives of the County and City met and 10 negotiated an exchange of property tax revenue to become effective 11 for areas annexed to the City effective July 1, 1982; and 12 WHEREAS, Revenue and Taxation Code Section 99(d) provides 13 for the adoption of a master property tax transfer agreement, which 14 agreement may be revised from time to time by the parties; and 151 WHEREAS, the City Council desires to enter into a master 16 property tax transfer agreement with the County of Riverside; now, 17 therefore, 18 BE IT RESOLVED by the Board of Supervisors of the County 19 o f Riverside, State of California, in regular session assembled on 20 A ugust 3, 1982, as follows: 2 1. When the City of Lake Elsinore assumes the service 22 responsibility for the suppression and prevention of structural fire 23 - n the territory to be annexed to that City and for such assumption 24 o f service the City shall receive 100% of that portion of the pro - 2 p erty tax revenue generated within the territory to be annexed and 26 ollected by the County of Riverside as a structural fire protection 27 ax. 28 2. The City of Lake Elsinore shall assume the responsibility JAMES H.ANGELL - COUN7YCOUNSEL LAW LIBRARY BLDG. - RIVERSIOE,CALIFORNIA 1 Ado /� , I for providing all other municipal services to the territory to be 2 annexed and for such service assumption the City shall receive 25% 3 of the County of Riverside's share of that portion of the property 4 tax revenue generated within the territory to be annexed pursuant 5 to the California Constitution. 6 3. The Auditor - Controller is hereby requested to convert 7 the above established percentage figures into actual dollars and 8 thereafter to allocate such property tax revenue in accordance with 9 the provisions of Section 95 et seq., of the Revenue and Taxation 101Code. 11 4. The Board of Supervisors of the County of Riverside 12 hereby agrees to the exchange of property tax revenue set forth abov 13 and approves this master property tax agreement with the City. 14 5. The Clerk of this Board shall transmit a certified copy 151 of this Resolution to the City Clerk of the City of Lake Elsinore, 16 to the Executive officer of the Local Agency Formation Commission 17 and to the Riverside County Auditor - Controller pursuant to Revenue 18 and Taxation Code Section 99. 19 Roll Call resulted as follows: 20 21 Ayes: Abraham, Schroeder, McCandless Younglove and Ceniceros Noes: None 22 23 Absent: None 24 25 26 27 PC:jf 729/82 28 The foregoing is certified to be a true copy of a. JAMES K ANGELL resolution duly adopted by said Board of Super- COUN7YCOUNSEL visors an the dL $her.. °,In set forth. - LAW LIBRARY BLDG. RIVERSIDE, CALIFORNIA GE . tAALUNE Cler' o1said Boar By �+r - 2 City 01 fate Elsircoh,e CITY HALL 130 SOUTH MAIN STREET LAKE ELSI NOR E, CALIFORNIA 92330 Telephone (714) 674 -3125 July 22, 1982 Mr. Donald D. Sullivan Clerk of the Board of Supervisors County of Riverside 4080 Lemon Street, 12th Floor Riverside, California 92501 Dear Mr. Sullivan: Enclosed are two Resolutions adopted by the City Council of the City of Lake Elsinore at their regular meeting held on the 13th of July. Resolution No. 82 -49 is approving the Master Property Tax Transfer Agreement and and No. 82 -52 is assigning one -half of the City's Entitlement as authorized under the Federal Mortgage Subsidy Bond Act. Should you have any questions on the above resolution, please do not hesitate to contact me. Yours truly, DEBORAH A. HARRINGTON City Clerk DAH /d Enclosures: 2 011 01 lake ELsiKcte CITY HALL 130 SOUTH MAIN STREET LAKE ELSI NOR E, CALIFORNIA 92330 Telephone (714) 674 -3125 July 22, 1982 Mr. Donald D. Sullivan Clerk of the Board of Supervisors County of Riverside 4080 Lemon Street, 12th Floor Riverside, California 92501 Dear Mr. Sullivan: Enclosed are two Resolutions adopted by the City Council of the City of Lake Elsinore at their regular meeting held on the 13th of July. Resolution No. 82 -49 is approving the Master Property Tax Transfer Agreement and and No. 82 -52 is assigning one -half of the City's Entitlement as authorized under the Federal Mortgage Subsidy Bond Act. Should you have any questions on the above resolution, please do not hesitate to contact me. Yours truly, DEBORAH A. HARRINGTON City Clerk DAH /d Enclosures: 2 C-1 7(f OFFICE OF THE CLERK OF THE BOARD OF SUPERVISORS County of Riverside, State of California 2.51 On motion of Supervisor Abraham, seconded by Supervisor Schroeder and duly carried by unanimous vote, IT WAS ORDERED that Resolution No. 82 -49 of the City of Lake Elsinore approving the Master Property Tax Transfer Agreement and Resolution No. 82 -52 assigning one -half of the City's Entitlement as authorized under the Federal Mortgage Subsidy Bond Act, are accepted and filed. , / —rJ�e 2c �- CZuac��v FORM 418 I hereby certify that the foregoing is a full, true �and correct copy of an order made and entered on ____ - Aug _3__, 19_ 82-_, Bool12__page __O' -___of Supervisors Minutes. _ WITNESS my hand and the seal of the Board of Supervisors Dated: _Aug.__a -- ffl , , , Clerk of the Board of Supervisors, (SEAL) GERALD A. MAL4Ne in and for the County of Riverside, State of California. B 2�U , Deputy