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HomeMy WebLinkAbout18190 - RESOLUTIONS - 10/6/1993RESOLUTION NO. 18190 OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA MADE PURSUANT TO SECTION 4715 OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA AGREEING TO PARTICIPATE IN THE ALTERNATIVE METHOD FOR DISTRIBUTION OF TAX LEVIES AND COLLECTIONS AND OF TAX SALE PROCEEDS ADOPTED BY THE COUNTY OF RIVERSIDE WHEREAS, Chapter 3 of Part 8 of Division 1 of the Revenue and Taxation Code of the State of California (hereinafter the "Revenue and Taxation Code"), beginning with Section 4701 thereof, authorizes the County of Riverside (hereinafter the "County") to adopt the alternative method of distribution of tax levies and collections and of tax sale proceeds (hereinafter the "Alternative Method of Distribution of Taxes") as Bet forth therein; and WHEREAS, the City of Palm Springs is a public district and taxing agency for which the County levies and collects taxes but for which the County treasury is not the legal depository; and WHEREAS, Section 4715 of the Revenue and Taxation Code allows a public district for which the County treasury is not the legal depository to agree, by resolution, to participate in the Alternative Method of Distribution of Taxes; and WHEREAS, the City Council of the City of Palm Springs desires to participate in Alternative Method of Distribution of Taxes; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Springs that the City of Palm Springs agrees to participate in the Alternative Method of Distribution of Taxes commencing in Fiscal Year 1993-94, which commences July 1, 1993, and requests the Board of Supervisors of the County of Riverside to approve this Resolution pursuant to Section 4715 of the Revenue and Taxation Code. This resolution shall take immediate effect upon its adoption and shall remain in effect for each fiscal year thereafter unless rescinded pursuant to the provisions of Chapter 3, Part 8 of Division 1 of the Revenue and Taxation Code. ADOPTED this 6th day of October , 1993 AYES: Members Hodges, Lyons, Reller-Spurgin, Schlendorf and Mayor Maryanov NOES: None ABSENT: None ATTEST: Gi,G]/ Clerk l/ REVIEWED & APPROVED 1 �,//- lo-