HomeMy WebLinkAboutConsent Calendar #5 10-07-87 Inter- Corn
OCTOBER 7, 1987
TO: WTLLI'AH A. HUSTON, CTTY FIANAGER
FROM: COI~ff'I,INITY DEVELOPHEEr DEPARTHENT
SUBJECT: RESOLUTZON OF CONFZR~IATZON OF FIASTER TAX AGREEENT FOR PROPOSED
SEYEkrrEEI~ STREEET/LAURINDA gAY /UINEXATION NO. 146
RECON~ENDATZON:
'Adoption of Resolution No. 87-110 confirming the application of the Master
Property Tax Transfer Agreement to the proposed Seventeenth Street/Laurinda Way
Annexation No. 146.
PROJECT ANALYSIS:
The City Council is considering a petttton filed by County residents to adopt a
resolution of application for the inhabited is]and annexation area known as
Seventeenth Street/Laurtnda Way Annexation Ho. 146.
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.
Mar~-An~ ~am'l~erlain f
Associate-Planner Director of Commu~ty Development
MAC:per
Attachment: Resolution No. 87-110
2 RESOLUTION NO. 87-110
3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CALIFORNIA, CONFIRMING THE APPLICATION OF THE MASTER
4 PROPERTY TAX TRANSFER AGREEMENT TO THE PROPOSED
SEVENTEENTH STREET/LAURINDA WAY ANNEXATION NO. 146
WHEREAS, a MASTER PROPERTY TAX TRANSFER AGREEMENT BETWEEN'THE COUNTY
0 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, 1980, the agreement provides for division of property taxes
8 pursuant to Section 99 (d) of the Revenue and Taxation Code of the State of
Californta~ and
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WHEREAS, the City Council of Tustin has proposed the "island"
10~ annexation of the inhabited and developed area known as Seventeenth
Street/Laurinda Way Annexation No. 146..
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
12 Tusttn that the MASTER PROPERTY TAX TRANSFER AGREEMENT BETWEEN THE COUNTY
OF ORANGE AND THE CITY OF TUSTIN TO PROVIDE FOR PROPERTY TAX EXCHANGE IN
13 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
14 effective November 18, 1980, shall be applicable to the territory within
the proposed Seventeenth Street/Laurinda Way Annexation No. 146 to the City
15 of Tustin for the annexation of 8.9 acres as substantially developed
property.
PASSED AND ADOPTED at a regular meeting of the Tustin City Council
17 held on the__day of , 1987.
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19
20 Richard B. Edgar
21 Mayor
23 Mary E. Wynn
City Clerk
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