HomeMy WebLinkAboutCC RES 87-109RESOLUTION NO. 87-109
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 PROSPECT
AVENUE ANNEXATION NO. 145.
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 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 agree~nt provides for division of property taxes
pursuant to Section gg (d) of the Revenue and Taxation Code of the State of
Cali fornt a; and
WHEREAS, the City Council of Tusttn has proposed the "island"
annexation of the inhabited and developed area known as Prospect Avenue
Annexation No. 145.
·
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 Prospect Avenue Annexation No. 145 to the City of Tustin for
the annexation of 16.49 acres as substantially developed property.
adjourned
PASSED AND ADOPTED at a regular meeting of the Tustin City Council
held on the 7th day of October, 1987.
i~LJ4ary E. wynn ~ ~
City Clerk
Ri chard B Edgar
Mayor
Resolution No. 87-109
Page Two
STATE OF CALIFORNIA )
COUNTY OF ORANGE .) §
CITY- OF TUSTIN )
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 mem-
bers of the City Council of the City of Tustin is five; that the above and
foregoing Resolution No. 87-109 was duly and regularly introduced, passed and
adopted at an adjourned regu'iar meeting of the City Council held on the 7th
day of October, 1987 by the follow vote' ' '
10 NOES · COUNCILPERSONS. None
ABSENT' COUNCILPERSONS. None
11
AYES · COUNCILPERSONS. Edgar, Hoesterey, Kelly, Kennedy, Prescott
17
18
20
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