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HomeMy WebLinkAboutCC 8 ANNEXATION 105 01-21-84CONSENT CALEN DAR NO. 8 1-21-84 DATE: January 21, 1985 Inter- Com TO: FROM: SUBJECT: HONORABLE PAYOR AND CITY COUNCIL BILL HUSTON, CITYPANAGER TAX TRANSFER FOR PROPOSED ANNEXATION NO. 105 (MEDFORD/GROVESITE) BACKGROUND: The City Council, by Resolution No. 85-2 adopted on January 7, 1985, made application for the proposed annexation of the County island known as Medford/Grovesite Annexation No. 105 to the City of Tustin. Prior to LAFCO scheduling the proposal for pub'ltc hearing, it will be necessary for the City and County to adopt a resolution consenting to the transfer of property taxes. RECOI~qENDED ACTION: Adoption of Resolution No. 85-8. BILL HUSTON, City Manager BH:do enc. Resolution No. 85-8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 85-8 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CONFIRMING THE APPLICATION OF THE MASTER PROPERTY TAX TRANSFER AGREEMENT TO THE PROPOSED MEDFORD-GROVESIll~ ANNEXATION NO. 105. 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 dated October 28, 1980, has been executed by the Board of Supervisors of Orange County and the City Council of the City of Tustin providing 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 of Tustin has filed a proposal with the Local Agency Formation Commission for the annexation of the territory known as Medford-Grovesite Annexation No. 105 to the City of Tustin. 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 l~(E 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 entered into on November 18, 1980, shall be applicable to the territory within the proposed Medford-Grovesite Annexation No. 105 to the City of Tustin as developed territory. PASSED AND ADOPTED, at a regular meeting of the City Council of the City of Tustin on January 21, 1985. Attest: URSULA E.KENNEDY, Mayor MARY E. WYNN, City Clerk