HomeMy WebLinkAboutCC RES 97-261 RESOLUTION NO. 97-26
2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN AGREEING TO ACCEPT NO EXCHANGE OF PROPERTY
3 TAX REVENUES FOR PROPOSED REORGANIZATION NO.
RO97-01, WHICH INCLUDES DETACHMENT OF .220 ACRES
4 FROM THE CITY OF TUSTIN TO THE CITY OF IRVINE AND
ANNEXATION OF 5.94 ACRES TO THE CITY OF TUSTIN.
5
WHEREAS, Section 99 of the. Revenue Taxation Code
6 requires jurisdictions involved in any 3urisdictional
change to agree to a property tax redistribution prior to
7 the change becoming complete; and
8 WHEREAS, an annexation and detachment is proposed for
the Jamboree Road right-of-way between Interstate 5 to
9 approximately 900 feet north of Tustin Ranch Road; and
10 WHEREAS, the City of Tustin and the County of Orange
have agreed to a Master Property Tax Transfer Agreement
11 dated November 3, 1980, establishing formula for said
redistribution; and
12
-· WHEREAS, the property will become the jurisdiction of
13 the City of Irvine as part of Reorganization No. RO97-01;
and
14
WHEREAS, a new Property Tax Transfer Agreement with
15 the City of irvine is required by the RevenUe Taxation Code
as part of the condition to exchange property; and
16
WHEREAS, this· Property Tax Transfer Agreement shall
17 only apply to the Jamboree Road right-of-way between
Interstate 5 to approximately 900 feet north of Tustin
18 Ranch Road; and
19 WHEREAS, any future reorganizations·between the Cities
of Tustin and Irvine will require ·a new Property Tax
20 Transfer Agreement; and
21 WHEREAS, there is no assessed value for the property
being exchanged, no exchange of property tax is necessary.
22
NOW, THEREFORE BE IT RESOLVED, that the City Council
23 of the City of Tustin does hereby agree to accept no
exchange of property tax revenues.
24 ·
PASSED AND ADOPTED by the City Council of the City of
Tustin, at a regular meeting on the 7th day of April, 1997.
26 · T~p~y~yRW~
· , S WORLEY
27
28 ~~ ,~ ,. ~
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City of Tustin
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF TUSTIN )
RESOLUTION NO. 97-26
ss
Pamela Stoker, 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 is five; that the above and foregoing
resolution was passed and adopted at a regular meeting of the City Council
held on the 7th day of April, 1997, by the following vote:
COUNCILMEMBER AYES: Worley, Thomas, Doyle, Potts, Saltarelli
COUNCILMEMBER NOES: None
COUNCILMEMBER ABSTAINED: None
COUNCILMEMBER ABSENT: None
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amela Stoker, City Cler