HomeMy WebLinkAboutCC 5 ANNEXATION 139 02-17-87 CONSENT CALENDAR
~-~,: ;~ 2-17-87
Inter- Corn
DATE: FEBRUARY 17, 1987
TO:
FROM:
S U BJ ECT:
WILLIAM A. HUSTOIi, CITY MANAGER
COMMUNITY DEVELOPNENT DEPARTNENT
RESOLUTION OF CONFIRNATION OF NASTER TAX AGREEME#T FOR PROPOSED
EVENINGSIDE/RAINBOW ANNEXATION NO. 139
RECOI~4ENDATION:
Adoption of Resolution No. 87-22 confirming the application of the Master
Property Tax Transfer Agreement to the proposed Eveningside/Rainbow
Annexation No. 139.
PROJECT ANALYSIS:
The City Council conducted an advertised public hearing on February 17,
1987 on its intent to adopt a resolution of application for the inhabited
annexation known as Eveningside/Rainbow Annexation No. 139.
Section 99(d) of the Revenue and Taxation Code requires the City and County
to approve the exchange of property tax revenue prior to consideration of
the application by the Local Agency Formation Commission.
MARY AN~/CHAMBERLAIN
Associate Planner
Deve l opment
MAC:do
attach: Resolution 87-22
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RESOLUTION NO. 8?-22
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA, CONFIRMING THE APPLICATION OF
THE MASTER PROPERTY TAX TRANSFER AGREEMENT TO THE
PROPOSED EVENINGSIDE/RAINBOW ANNEXATION NO. 139
WHEREAS, a MASTER PROPERTY TAX TRANSFER AGREEMENT BETWEEN THE COUNTY
OF ORANGE AND THE CITY OF TUSTIN TO PROVIDE FOR PROPERTY TAX EXCHANGE IN
AREAS ANNEXED BY THE CITY has been executed by the Board of Supervisors of
Orange County and the City Council of the city of Tustin. Effective
November 18, I980 the agreement provides for division of property taxes
pursuant to Section 99(d) of the Revenue and Taxation Code of the State of
California; and
WHEREAS, the City Council of Tustin has proposed the annexation of
the inhabited and developed area known as Eveningside/Rainbow Annexation
No. 139.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the city of
Tustin that the MASTER PROPERTY TAX TRANSFER AGREEMENT BETWEEN THE COUNTY
OF ORANGE AND THE CITY OF TUSTIN TO PROVIDE FOR PROPERTY TAX EXCHANGE IN
AREAS ANNEXED BY THE CITY providing for the allocation of property tax
revenues, as approved by the Board of Supervisors and the City Council and
effective November 18, 1980, shall be applicable to the territory within
the proposed Eveningside/Rainbow Annexation No. 139 to the city of Tustin
for the annexation of 38.8 acres as substantially developed property.
PASSED AND ADOPTED at a regular meeting of the Tustin City Council
held on the day of , 1987.
Attest:
DONALD d. SALTARELLI,
Mayor
MARY E. WYNN,
City Clerk
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