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HomeMy WebLinkAboutCC RES 81-125RESOLUTION N0. 81- 1 25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, DETERMINING THE AMOUNT OF PROPERTY TAX REVENUE TO 8E EXCHANGED BETWEEN THE COUNTY OF RIVERSIDE AND THE CITY OF PALM DESERT RELATING TO ANNEXATION NUMBER i3 TO THE CITY OF PALM DESERT, CALIFORNIA. BE IT HEREBY RESOLVED by the City Council of the City of Palm Desert, California, in regular session assembled on August 27, 1981, that: 1. The County of Riverside and the City of Palm Desert are the agencies whose area or responsibility for service would be affected by Annexation No. 13 to the City of Palm Desert. 2. Representatives of each of the affected agencies have met and nego- tiated an exchange of property tax revenue ta become effective for tax pur- poses beginning July 1, 1980, as follows: a} The City of Palm Desert shall assume the responsibility for all general municipal services to the area to be annexed as are required by law or presently orovided throughout the City, and for such service assumption shall receive 25% 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 per- i centage figures into actual dollar figures and thereafter ` allocate such property tax revenue in accord with the provi- sions of Section 95 et seq. of the Revenue and Taxation Code. 3. The City Council of the City of Palm Desert does hereby aqree 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 No. 99 of the Revenue and Taxation Code. PASSED, APPROVED, and ADOPTED by the City Council of the City of Palm Desert, California, on this 27th day of ��,t_ , 1981, by the following vote, to wit: AYES: NOES: ABSENT: Newbrander, Puluqi, Snyder & Wilson None McPherson ABSTAIN: None ATTEST: � SHEILA R. GILLIGA�, CITY CLER CITY OF PALM DESERT, CALIFORN 0 �