HomeMy WebLinkAboutCC RES 91-080]
RESOLUTION NO. 91-80
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF TUSTIN, CALIFORNIA,
APPROVING A MODIFICATION TO THE
MASTER PROPERTY TAX TRANSFER
AGREEMENT ON THE PROPOSED
ESPLANADE/HOLT ANNEXATION NO. 151
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WHEREAS, the County of Orange and the City of Tustin
have previously entered into the Master Property Tax
Transfer Agreement dated November 18, 1990; and
WHEREAS, annexations over 100 acres which are
developed/substantially developed are excluded from the
terms of said agreement and are subject to separate
property tax transfer negotiations; and
WHEREAS, the County Administrative Officer and the
City Manager of the City of Tustin have negotiated an
exchange of property tax revenues for the City of Tustin.
Annexation No. 151, an annexation which is over.100 acres
and is developed/substantially developed pursuant to
Section 99 of the Revenue and Taxation Code.
NOW, THEREFORE, BE IT RESOLVED, that the City
Council of the City of Tustin does hereby:
Determine that the reallocation of property
tax revenues from the proposed Annexation No.
151 to the City of Tustin shall be governed by
the terms of the Master Property Tax Transfer
Agreement said property deemed to be
developed/substantially developed, except that
Section 5 of the Master Property Tax Transfer
Agreement does not apply to the proposed
Annexation No. 151 to the City of Tustin and
that a City-County tax ration of 39 percent
City and 61 percent County shall be used in
lieu of the historical City-County tax ratio
for both the base revenues and growth in tax
revenues calculations.
Direct the City Clerk to notify the Executive
Officer of the Local Agency Formation
Commission and the County of Orange Chief
Administrative Office of the City's
determination.
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Resolution No. 91-80
Page 2
PASSED AND ADOPTED at a regular meeting of the
Tustin City Council, held on the 3rd day of June, 1991.
CHARLES E. PUCKETT, Mayor
MARY E. (~YNN, CitJy Clerk
STATE OF CALIFORNIA)
COUNTY OF ORANGE)
CITY OF TUSTIN)
SS
CERTIFICATION FOR RESOLUTION NO. 91-80
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 No. 91-80 was duly and regularly
introduced, passed and adopted at a regular meeting of
the City Council held on the 3rd day of June, 1991, by
the following vote:
COUNCILMEMBERS AYEs:
COUNCILMEMBERS NOES:
COUNCILMEMBERS ABSTAINED:
COUNCILMEMBERS ABSENT:
Puckett, Edgar, Potts, Prescott
Pontious
None
None
MARY E. W~NN, CityUClerk