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HomeMy WebLinkAboutCC Reso No 1980-14RESOLUTION NO. ~(~ ~ / A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE RELATING TO ASSEMBLY BILL N0. 8 OF THE 1979-80 REGULAR SESSION OF THE CALIFORNIA LEGISLATURE, RELATING TO IMPLIMENTATION OF ARTICLE XIIIA OF THE CALIFORNIA CONSTITUTION, RELATING TO THE ALLOCATION OF PROPERTY TAX REVENUES AND COMPLYING WITH SECTION 99 OF THE REVENUE AND TAXATION CODE FOR THE STATE OF CALIFORNIA. THE CITY COUNCIL OF THE CITY OF LAKEELSINORE DOES HEREBY RESOLVE AS FOLLOWS: THAT, WHEREAS, the Legislature for the State of California adopted Assembly Bill No. 8 which, among other things, added certain sections to the Revenue and Taxation Code; and WHEREAS, said Assembly Bill No. 8 was approved by the Governor July 24, 1979 and chaptered as Chapter 282 of the 1979-1980 regular session of the California Legislature; and WHEREAS, said legislation added Section 99 to the Revenue and Taxation Code relating to the method by which certain computations were to be made in the allocation of real property tax; and WHEREAS, said added Section 99 to the Revenue and Taxation.Code requires an agreement between the City of Lake Elsinore and the County of Riverside relating to property tax transfer associated with a City annexation; and WHEREAS, the City desires to comply with the requirements of Section 99 added to the Revenue and Taxation Code by meeting with the Board of Super- visors of the County of Riverside; and WHEREAS, the. City desires to delegate its negotiating authority to its City Manager for the purposes as set forth in added Section 99 of the Revenue and Taxation Code; NOW, THEREFORE, BE IT RESOLVED: (1) That pursuant to Section 99 (b) added to the Revenue and Taxation Code, the City Manager of the City of Lake Elsinore is hereby authorized and directed to meet with the Board of Supervisors of the County of Riverside or their designated agent for the purpose of determining the amount of property tax revenues to be exchanged between the City of Lake Elsinore and the County of Riverside by reason of an annexation of One Thousand (1,000) acres to the City of Lake Elsinore designated as LAFCO 78-43-1; -1- (2) That the City understands that Section 99 (b) added to the Revenue and Taxation Code provides that until agreement is reached and approved by resolution of the City, all tax revenues accruing to the City from the annexed territory shall be impounded; AND, BE IT FINALLYRESOLVED that upon the adoption of a resolution by the City agreeing to the negotiated exchange of real property revenues, all as required by Section 99 added to the Revenue and Taxation Code, the City shall notify the County Auditor who shall make the appropriate adjustments as provided for in said Section. PASSED AND ADOPTED this 25th day of March, 1980 at a regular meeting of the City Council of the City of Lake Elsinore. Florene Marshall,. City Clerk City of Lake Elsinore Nap arr s, Mayor City of Lake Elsinore -2- STATE OF CALIFORNIA ) SS. COUNTY OF RIVERSIDE ) I Florene Marshall, City Clerk of the City of Lake Elsinore, do hereby certify that the foregoing Resolution, being Resolution No. was duly passed, approved and adopted by the City Council of the City of Lake Elsinore, approved and signed by the Mayor of said Council and attested to by the City Clerk, all at a regular meeting of the City Council held on the 25th day of March, 1980, and that the same was passed and adopted by the following roll call vote, to-wit: AYES: Councilmen: NOES: Councilmen: ABSENT: Councilmen: DATED this 25th day of March, 1980. Florene Marshall, City Clerk City of Lake Elsinore (CITY SEAL) -3-