HomeMy WebLinkAboutCC RES 87-37RESOLUTION NO. 87-37
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/VANDENBERG ANNEXATION NO. 141
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 agreenmnt 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 Prospect/Vandenberg Annexation
No. 141.
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
th'e proposed Prospect/Vandenberg Annexation No. 141 to l~he City of Tus'tin
for the annexation of 59.746 acres as substantially developed property.
PASSED AND ADOPTED at a regular nmeting of the Tustin City Council
held on the 16th day of March, 1987.
RI CHARD B. EDGAR
Mayor
Attest'
MARY E.?~WY~N-, 0
City Clt~rk .
MAC'pef
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 t. he whole number of the members of
the City Council of the City of Tustin is five; that the above and foregoing
Resolution No. 81-37 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 16th day of March, 1987, by the
following vote.
AYES · COUNCILPERSONS- Edgar, Hoesterey, Kelly, Kennedy, Saltarelli
NOES · C.OUNCILPERSONS' None
ABSENT- COUNC ILPERSONS- None
MARY E. W~,o CityLlyerk
City of T~{in, CalTfornia