HomeMy WebLinkAboutCC Reso No 1980-01RESOLUTION NO. 80-I
j A RESOLUTION BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF LAKE ELSINORE, CALIFORNIA, DETERMINING
THE AMOUNT OF PROPERTY TAX REVENUE TO BE EXCHANGED
BETWEEN THE COUNTY OF RIVERSIDE AND THE CITY OF
LAKE ELSINORE RELATING TO ANNEXATION NO. 23, TO
THE CITY OF LAKE ELSINORE - LAFC #77-34-1
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY
OF LAKE ELSINORE in regular session assembled on January 8, 1980, that:
1. The County of Riverside and the City of Lake Elsinore
are the agencies whose area of responsibility for service would be
affected by Annexation No. 23 to the City of Lake Elsinore, designated
LAFC #77-34-1.
2. Representatives of each of the affected agencies have
met and negotiated an exchange of property tax revenue to become
effective for tax purposes beginning July 1, 1980, as follows:
(a) The City of Lake Elsinore shall assume the responsi-
bility for all general municipal services to the area to be
annexed as are required by law or presently provided throughout
the City, and for such. service assumption shall receive 25°s of
that portion of the property tax revenue generated within the
territory to be annexed under the ad valorem tax rate established
by Article XIII A of the Constitution of the State of California,
that represents the County of Riverside's share of such property
tax revenue.
(b) The County Auditor shall convert the above-estab-
lished percentage figures into actual dollar figures and
thereafter allocate such property tax revenue in accord with
the provisions of Section 95 et seq, of the Revenue and Taxation
Code.
-1-
3. The City Council of the City of Lake Elsinore does
hereby agree to the above-recited exchange of property tax revenue.
4. The Clerk shall transmit a certified copy of this
resolution to each affected agency and to the Executive Office of the
Local Agency Formation Commission and to the Auditor of the County
of Riverside pursuant to Section 99 of the Revenue and Taxation Code.
ADOPTED this 8th day of January, 1980, by the following
vote:
AYES: Torn, Crowe, Baldwin, Stewart, Harris.
NOES : None
ABSENT: None
City Clerk of the
City of Lake Elsinore
-2-