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HomeMy WebLinkAboutCC RES 81-133RESOLUTION N0. 81-133 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORPIIA, DETERl�7INING THE APIOUNT OF PROPERTY TAX REVENUE TO BE EXCHANGED BETWEEN THE COUPITY OF RZVERSIDE AND THE CITY OF PALM DESERT RELATING TO ANNEXATIONS TO THE CITY OF PAL:�I DESERT, CLAIFORNIA. BE IT RESOLVED by the City Council of the City of Palm Desert in regular session assembled on this 2l�th day of Sept. , 19f31, 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 annexations to the City of Palm Desert. 2. Representatives of each of the affected agencies have met and negotiated an exchange of property tax revenue as follows, to become effective for tax purposes beginning July l, 1981, for all areas annexed to the City until such time as this resolution is rescinded or superceded. A. The City of Palm Desert shall assume responsibility for all general municipal services to areas annexed as are required by law or presently provided throughout the City, and for such service, the City shall receive 25% of that portion of the property tax revenue generated within territories 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 upon annexation by Che City convert the above-established percentage figure into actual dollar figures and thereafter allocate to the City 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 Palm Desert 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. PASSED, APPROVED, and ADOPTED at a regular meeting of the Palm Desert City Council, held on this 24th day of September, 1981, by the following vote, to wit: AYES: P1cPherson, Newbrander, Puluqi, Snyder & Wilson NOES : tlone ABSENT: None