HomeMy WebLinkAboutCC 5 ANNEXATION 141 03-16-87DATE:
MARCH 16, 1987
CONSENT CALENDAR
NO. 5
3-16-87
Inter- Com
TO:
FROM:
SU BJ ECT:
WILLIAM A. HUSTOll, CITY MANAGER
COMI~UIIITY DEVELOP#E#T DEPARTMENT
RESOLUTION OF CONFIRMATION OF )(ASTER TAX AGREEMENT FOR PROPOSED
PROSPECT/VAIIDENBERG /UINEXATION NO. 141
RECONHE#DATIO#:
Adoption of Resolution No. 87-37 confirming the application of the Master
Property Tax Transfer Agreement to the proposed Prospect/Vandenberg
Annexation No. 141.
PROJECT ANALYSIS:
The City Council is considering a petition filed by County residents to.
adopt a resolution of application for the inhabited annexation known as
Prospect/Vandenberg Annexation No. 141.
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.
MAC:pef
Attachment: Resolution 87-37
5
6
7
8
9
10
11
13
14
15
16
17
18
19
20
.91
~3
25
~6
~7
RESOLUTION NO. 87-37
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 PROSPECT/VANDENBERG ANNEXATION NO. 141
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 Ctty Council of the City of Tustin. Effective
November 18, 1980 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 Prospect/Vandenberg Annexation
No. 141.
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 Prospect/Vandenberg Annexation No. 141 to the City of Tustin
for the annexation of 389.9 acres as substantially developed property.
PASSED AND ADOPTED at a regular meeting of the Tustin City Council
held on the day of , 1987.
Attest:
RICHARD B. EDGAR
Mayor
MARY E. WYNN,
City Clerk
MAC:pef