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HomeMy WebLinkAboutCC RES 86-11910 11 15 17 18 19 2O RESOLUTION NO. 86-119 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 RANCHWOOD/BELLEWICK ANNEXATION NO. 138 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 dated October 28, 1980, has been executed by the Board of Supervisors of Orange County and the City Council of the city of Tustin providing for division of property taxes pursuant to Section 99(d) of the Revenue and Taxa ti on 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 Ranchwood/Bellewick Annexation No. 138. 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 THEm 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 entered into on November 18, 1980, shall be applicable to the territory within the proposed Ranchwood/Bellewick Annexation No. 138 to the city of Tustin for the annexation of 20.017 acres as substantially developed . property. PASSED AND ADOPTED 8tl a regular meeting of the Tustin City Council held on the 6th day of October , 1986. ,1, _ , l~. , , · 'DO~ALDMayor J~L~FARELLI, Attest' MARY E e~NN, ~ City Ci 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 members of the City Council of the City of Tustin is five; that the above and l~oregoing Resolution No. 86-119 was duly and regularly introduced, passed and adopted at a regular meeting~e City Council held on the 6th day ~of October,1986, by the fol 1 owing vote- AYES · COUNCILPERSONS' Edgar, Hoesterey, Kelly, Kennedy, Saltarelli NOES · COUNCILPERSONS' None ABSENT' COUNC ILPERSONS' None MARY E. WY~ City Cl~rk City of Tusti n, Cal i forni a