ANNEXATION 40-172 (4-227) LAFCO DESIGNATION 2025-03 NEGOTIATED PROPERTY TAX EXCHANGE JOINT RESOLUTION

The contract involves the reapportionment of ad valorem taxes among taxing entities affected by the annexation of property into the Los Angeles County Waterworks District No. 40 in the Antelope Valley region, specifically under Annexation 40-172 (4-227). This adjustment is necessary to fairly distribute property tax revenues following the incorporation of new territory into the district, ensuring that local government agencies receive accurate and equitable shares of tax revenue based on the updated jurisdictional boundaries. The action is formalized through a negotiated property tax exchange joint resolution, reflecting a cooperative effort between affected entities to maintain fiscal stability and compliance with state requirements. The initiative is managed by the Los Angeles County Public Works agency and is tied to the city of Lancaster, California, where the annexation occurs. The process is designated under LAFCO designation 2025-03 and will be implemented with a formal resolution scheduled for execution in 2026. The primary point of contact for this matter is Jack Husted, Senior Civil Engineer, who can be reached through the Los Angeles County Department of Public Works. This transaction does not involve a competitive solicitation or set-aside and is categorized as a forecast action intended to facilitate administrative and financial alignment among taxing authorities following territorial changes.