HomeMy WebLinkAboutRPT 5 INVEST SCHEDULE 10-20-80DATE:
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October 14, 1980
Dan Blankenship, ciny Administrator, ~1 ],~,~~/
Loni Hamblin, Acting Finance Direc~~
INVESTMENT ~ AS OF S~ER 30, 1980
REPORT
10-20~80
Inter-C
· ~ V,~,~
OCT'I b' 1980
C;';¥..~ ....
Maturity
Date Amount
10/13/80 $100,000
10/24/80 100,000
11/03/80 488,125
11/12/80 200,000
11/16/80 100,000
11/16/80 100,000
12/26/80 290,896
1/02/81 200,000
1/14/81 100,000
2/12/81 t00,000
2/12/81 100,000
2/20/81 200,000
2/23/81 100,000
2/23/81 100,000
3/16/81 100,000
3/16/81 100,000
3/24/81 100,000
--- 1,300,000
Int. Purchase
T~pe Bank/Agency Rate Date
· CD Santiago Bank 16.875 4/16/80
TCD Mercury S & L 10.25 5/19/80
Bank/Accept Bank of America 9.73 8/05/80
~2D Santiago Bank 9.875 5/12/80
TCD Far West S & L 18.75 4/16/80
TCD Far West S & L ~18.75 4/16/80
Bank/Accept Bank of America 11.75 9/22/80
TCD Santiago Bank 10.25 6/25/80
TCD Constitution S & L 9.50 7/17/80
TCD E1 Dorado Bank 9,50 8/12/80
TCD Central S & L 9.75 8/12/80
~CD Santiago Bank 10.625 8/24/80
TCD Wells Fargo Bank 10.50 8/25/80
TCD Central S & L 10.750 8/26/80
TCD Wells Fargo Bank 11.25 9/15/80
TCD E1 Dorado Bank 11.75 9/15/80
5CD American S & L 11.875' 9/25/80
Various State LAIF ......
Total City Investments
$3,879,021
TUSTIN CQSfMUNITY REDEVELOPMENT AGENCY
%CD E1 CaminoBank 10.0 7/21/80
TCD E1CaminoBank 10.0 7/21/80
Various State LAIF ......
7/21/81 100,000
7/21/81 100,000
--- 100,000
$4,179,021
RESOLUTION NO. 80-113
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CALIFORNIA, AGREEING TO ~HE EXCHANGE OF PROPERTY TAXES IN
CONJUNCTION WITH MUNICIPAL REORGANIZATION NO. 53.
WHEREAS, Section 99(b) of the Revenue and Taxation Code requires the adoption
of a resolution by local agencies agreeing to the exchange of property tax
revenues prior to the executive officer of the Local Agency Formation
Commission issuing a certificate of filing for a municipal reorganization; and
WHEREAS, the Cities of Irvine and Tustin have mutually agreed to the
realignment of their Spheres of Influence and to the transfer of jurisdiction
of incorporated areas to obtain consistency of jurisdictional boundaries
within the common Sphere of Influence line, as shown by the attached map and
legal description.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Tustin
hereby agrees:
That the tax revenues subject to negotiations accruing to the City of
Tustin for those properties within the jurisdiction of the City of Tustin
shall be allocated in total to the City of Irvine and the County
Structural Fire Fund in accordance with the historical allocation of such
funds within the city of Irvine, as determined by the County Auditor.
That the tax revenues subject to negotiation accruing to the City of
Irvine and the Structural Fire Fund for those properties within the
jurisdiction of the City of ~rvine being transferred to the City of
Tustin shall be allocated to the City of Tustin in total.
That the City Clerk shall furnish a certified copy of this resolution to
the City of Irvine, Board of Supervisors, Executive Officer of LAFCO, and
the County Auditor in satisfaction of the requirements of Section 99(b)
(6) of the Revenue and Taxation Code.
PASSED AND ADOPTED at a regular meeting of the Tustin City Council, held on
the day of , 1980.
ATTEST:
Donald J. Saltarelli
Mayor
Mary E. Wynn
City Clerk
irvine
santa
' (moulton parhwa¥)
PC/RESIDENTIAL
· ~ 'COMMERICAL
~ INDUSTRIAL
EXHIBIT A
10/6/80
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3O
31
32
RESOLUTION NO. 80-114
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA AGREEING TO THE EXCHANGE OF
PROPERTY TAX REVENUES FOR ANNEXATION NO. 127 -
HOLT-HAMALATO THE CITY OF TUSTIN
WHEREAS, the property owners on Holt Avenue are
desirous of the annexation of certain property known as
Annexation No. 127 Holt-Hamala to'the City of Tustin, and
WHEREAS, pursuant to Section 99(b) of the Revenue
and Taxation Code the proposed annexation may not be con-
sidered by the Local Agency Formation Commission until such
time as the city and county agree to the exchange of property
tax revenue from said area, and
WHEREAS, it is in the best interests of the city,
county, and property owner to complete the annexation as
soon as possible; and,
WHEREAS, the City Council feels, in this instance,
that an exchange of property tax revenue as a condition of
this annexation is not necessary during the first year of the
jurisdictional change; and,
WHEREAS, there is an effort underWay by the Orange
County Division League of California Cities and the County
of Orange to develop an equitable solution to the problem of
reallocation of property tax revenues which allocation formula
shall thenceforth be applicable for all future annexations in
the County; and, .... .~
WHEREAS, this special agreement on Annexation N°. 127
to the City of Tustin is necessary only because of the need to
expedite the completion of these annexations and because a
formula agreement establishing a tax allocation formula for
all annexations has not yet been achieved by the Local Orange
County Division League of California Cities and the County of
Orange; and,
WHEREAS, any future 'agreement establishing a formula for
tax allocation should be conditioned on the understanding that
the hereinafter described agreement concerning the specific
property described as Annexation No. 127 Holt-Hamala to the City
of Tustin shall be.reconsidered when an overall tax allocation
formula has been a~reed upon,
· NOW THEREFORE, BE IT RESOLVED that the City Council agrees
that no property tax redistribution is necessary at this time
as a condition to the completion of Annexation No. 127.
BE IT FURTHER RESOLVED that the City Council of the City
of Tustin hereby requests that this agreement be re-evaluated
at such time as the Cities and the County of Orange reach an
agreement on an appropriate tax allocation formula applicable
to all future annexations in the County.
BE IT FURTHER RESOLVED that upon the acceptance of the
terms of this agreement by-the Board of Supervisors of Orange
County, the Executive Officer of the Local Agency Formation
Commission is petitioned to process and complete said annexation
as being hereby in satisfaction of the requirements of Section
99(b) of the Revenue andITaxation Code.
4
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10
11
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18
19
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PASSED AND ADOPTED at a regular meeting of the City
Council of the City of Tustin, held on the day of
October, 1980.
DONALD J. SALTARELLI, MAYOR
ATTEST:
MARY E. WYNN, CITY CLERK
MAC 10-20-80
HOLT-HAMALA ANNEXATION N0.127
TO THE CITY OF TUSTIN ,CALIFORNIA
PASSED AND ADOPTED BY__ NO. DATED
CERTIFIED BY THE SECRETARY OF STATE'
October 15, 1980
Donald J. Salterelli, Mayor
City of Tustin
300 CentennialWay
Tustin, California 92680
Dear Mr. Salterelli:
I live in the apartment building at 190 Centennial Way and I normally wake up
at 6:30 in the morning to go to work.
Is there anything you can do about these buses on Centennial. I understand
there are seven lines that are using Centennial, or over 160 buses per day
that go throt~gh.
I find it difficult to perform my job properly because normally the buses wake
me up around 5:3~ in the morning and I find myself very tired at work, which
makes it difficult to do a good job. If I try to take a nap in the evening,
it is usually the same way.
Thank you very much.
Kathryn Beck
19~ Centennial Way
Tustin, California
92680
cc: Mr. Blankenship
City Administrator