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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <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 />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NUMBER R-121-87 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF COLTON DETERMINING THE AMOUNT OF <br />PROPERTY TAX REVENUES TO BE EXCHANGED <br />BETWEEN AND AMONG THE COUNTY OF SAN <br />BERNARDINO AND THE CITY OF COLTON <br />RESULTING FROM THE JURISDICTIONAL CHANGES <br />DESCRIBED BY LOCAL AGENCY FORMATION <br />COMMISSION NUMBER 2454 <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLTON AS <br />FOLLOWS: <br />SECTION 1 <br />The City Council of the City of Colton hereby finds and <br />determines that: <br />A. Pursuant to Section 99 of the Revenue and Taxation <br />Code, prior to the issuance of a certificate of <br />filing by the Local Agency Formation Commission <br />Executive Officer, the governing bodies of all <br />local agencies whole service area or service <br />responsibilities will be altered by a proposed <br />jurisdictional change shall negotiate and <br />determine by resolution the amount of property tax <br />revenues to be exchanged between and among such <br />local agencies. <br />-1- <br />