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HomeMy WebLinkAboutOB ANNEXATION 133 08-01-83DATE: August 1, 1985 Iht-er Corn SUBJECT: HONORABLE MAYOR AND CITY COUNCIL R. KENNETH FLBAGLB, COM'~UNITY DEVBLOPMBNT CONSULTANT HOLT-WAR~N ANNEXATION NO. 135 RECOMMENDED ACTION: Adoption of Resolution No. 83-S6, confirming the application of the Master Property Tax Transfer Agreement to the proposed Holt-Warren AnneXation No. 135. BACKGROUND: The owner of the'three lots on the easterly side of Holt Avenue southerly of Warren Avenue has applied to the Local Agency Formation Commission for annexation of these properties to the City. L~CO has Scheduled a public hearing on the proposed annexation for.~ugust 24, 1985. Prior to hearing the annexation proposa!~ it is necessary for the Council and Board of Supervisors to adopt a resolution consenting to the application of the Master Property Tax Transfer agreement to this proposal. This added agenda item is being submitted to avoid the necessity f~r LA, CO to . ~eschedule the hearing. dt 1 2 3 4 5 6 7 8 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 85-56 A R~SOLUTION OF TH~ CITY COUNCIL OF TH~ CITY OF TUSTIN, CONFIRMING TH~ APPLICATION OF THE MASTER PROPERTY TAX TRANSFER AGP~E~NT TO TH~ PROPOSED HOLT-WARReN ANNEXATION NO. 155. ~R~AS, a MASTF. R PROPERTY TAX TRANSFER AGReEMeNT BETWEEN THE COUNTY OF ORANGE AND TH~ CITY OF TUSTIN TO PROVIDE FOR PROPERTY TAX EXCHANG~ IN AR~AS ANNeXeD BY ~ CITY dated October 28, 1980, has been executed by the Board of Supervisors of Orange County and the City Cotmcil of the City of Tustin providing for division of property taxes pursuant to Section 99(d) of the ReYenue and Taxation Code of the State of California; and ~HER~AS, the property owner has filed a proposal with the Local Agency Formation Comission for the annexation of the territory know~ as Holt-Warren Annexation No. 155 to the City of Tustin. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Tustin that the ~%ST~R PROPERTY TAX TRANSFER AGReEMeNT BETWEEN THE COUNTY OF ORANGE AND TH~ CITY OF TUSTIN TO PRDVIDE FOR PROPERTY TAX EXCHANGE IN ~REAS ANNeXeD BY TH~ CITY providing for the allocation of property tax re- venues, as approved by the Board of Supervisors and the City Cotmcil and entered into on No~ember 18, 1980, shall be applicable to the territory within the proposed Holt-~a~ren Annexation No. 1SS to the City of Tustin as s,ubstantially developed property, PASSED AND ADOPTED at a regular meeting of the City Council of the City, of T~stin on August 1, 1985. ATT~ ST: RONALD B. HOEST~R~Y, ~ayor MARY WYNN, City Clerk 'r