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HomeMy WebLinkAboutReso 1986-12517 RESOLUTION NO. 12517 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE NEGOTIATED PROPERTY TAX EXCHANGE RELATING TO THE PALOMAR/BAY BOULEVARD REORGANIZATION The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, Revenue and Taxation Code Section 99 requires the negotiation of any exchange of property tax revenues occasioned by jurisdictional changes between agencies affected, and WHEREAS, the proposed "Palomar/Bay Boulevard Reorganization" has been filed with the Local Agency Formation Commission consisting of the annexation of territory to the City of Chula Vista, detachment of territory from the City of San Diego, and WHEREAS, the City of San Diego and the City of Chula Vista have negotiated to determine an equitable exchange of property tax revenues applicable to the proposed jurisdictional changes. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista hereby agrees with the City of San Diego on the apportionment of property tax revenues for the Palomar/Bay Boulevard Reorganization as shown in Exhibit "A", attached hereto and made a part hereof by reference. Presented by Approved as~to form by Ly~n Christopher, D~rector Thomas J. Harron, City Attorney of Finance ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 10th day of. June 19 B6 , by the following vote, to-wit: AYES: Councilmembers Cox~ Malcolm, Moore, Campbell NAYES: Councilmembers None ABSTAIN: Councilmembers None ABSENT: Councilmembers McCandliss May~r"6f~f~ ~ry o~= ~hulo-~-'~V~sta City Clerk ~/ STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION N0.12517 ,and that the some has not been amended or repealed DATED ~ City Clerk CITY OF CHULA V STA CC-660