HomeMy WebLinkAboutCC Reso No 1980-21~, ,
RESOLUTION N0. ~_
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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 N0: 24, TO THE CITY OF LAKE
ELSINORE - LAFC #78-43-1.
BE IT RESOLVED BY THE MAYOR AND CITY-COUNCIL OF THE CITY
OF LAKE ELSINORE in regular session assembled on May 13, 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. 24 tD the City of Lake Elsinore, designated LAFC #78-43-1.
2.. Represehtatives of each of the affected agencies fiave
met and negotiated an exchange of property tax revenue to become effective
for tax purposes beginning July i, 1980, as follows:
(a) The City of Lake Elsinore shall assume the responsibility
-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 25q 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-established
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.
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 ahd Taxation Code.
ADOPTED this 13th day of May, 1980, by the following vote:
AYES: Torn, Unsworth, Baldwin, Harris, Stewart.
NOES: None
ABSENT: None
City of Lake Elsinore