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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />A. The negotiated exchange of property tax revenues between the City of Colton and <br />the County of San Bernardino attached hereto as Exhibit "A" and incorporated herein <br />by reference, resulting from the above described jurisdictional change, is approved <br />and accepted. <br />B. The annual tax increment generated in the area subject to the jurisdictional change <br />and attributable to the local agencies whose service area or service responsibilities <br />will be altered by the proposed jurisdictional change shall be allocated in future years <br />pursuant to the provisions of Section 98 of the Revenue and Taxation Code. <br />SECTION 3 The City Clerk of the City of Colton is hereby directed to certify to the passage of <br />this Resolution and to cause a certified copy to be sent to the Executive Officer of the Local <br />Agency Formation Commission of the County of San Bernardino. <br />PASSED, APPROVED, AND ADOPTED this 20`h day of July , 2004. <br />Sp��ti <br />ON M. HERNAN EZ <br />Mayor Pro Tempore <br />ATTEST: <br />CAROLINA P. BARRERA, CMC <br />City Clerk <br />2 <br />