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RESOLUTION NO. 91-15
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
ESPLANADE/HOLT ANNEXATION NO. 151
WHEREAS, A MAS~ER 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
City 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
Esplanade/Holt Annexation No. 151.
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 Esplanade/Holt Annexation No. 151 to the City of Tustin
for the annexation of approximately 746 acres of substantially
developed property.
PASSED AND ADOPTED at a regular meeting of the Tustin City
Council, held on the 21st day of January, 1991.
RICHARD EDGAR
Mayor
City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF TUSTIN
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Resolution No. 91-15
Page 2
CERTIFICATION FOR RESOLUTION NO. 91-15
MARY E. WYNN, City Clerk and ex-officio Clerk of the City
Council of the City of Tustin, California, does hereby certify
that the whole number of the members of the City Council of the
City of Tustin is five; that the above and foregoing Resolution
was duly and regularly passed and adopted at a regular meeting
of the City Council held on the 21st day of January, 1991 by the
following vote:
COUNCILPERSONS AYES:
COUNCILPERSONS NOES: None
COUNCILPERSONS ABSTAINED: None
COUNCILPERSONS ABSENT: None
Edgar, Puckett, Pontious, Potts, Prescott
MARY E. W~NN, Ci~ Clerk