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HomeMy WebLinkAboutCC RES 80-114RESOLUTION NO. 80-114 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA AGREEING TO THE EXCHANGE OF PROPERTY TAX REVENUES FOR. ANNEXATION NO. 127 - HOLT-HAMALA TO THE CITY OF TUSTIN WHEREAS, the property owners on 'Holt Avenue are 4 desirous of the annexation of certain property known as Annexation No. 127 Holt-Hamala to 'the. City of Tustin, and . WHEREAS, pursuant to Section 99 (b) of the Revenue 6 and Taxation Code the proposed annexation may not be con- sidered by the Local Agency Formation Commission until such ~ time as the city and county agree to the exchange of property tax revenue from said area, and WHEREAS, it is in the best interests of the. city, 9 county, and property owner to complete the annexation as soon as possible; and, 10 WHEREAS, the City Council feels, in this instance, 11 that an exchange of property tax revenue as a condition of this annexation is.not necessary during 'the first year of the 12 jurisdictional change; and, 15 WHEREAS, there 'is an effort underWay by the Orange County Division League of California Cities and the County 14 of Orange to develop an equitable solution to the problem of reallocation of property tax revenues which allocation formula 15 shall thenceforth be applicable for all future annexations in the County; and, WHEREAS, this special agreement on Annexation NO. 127 1~ to the City of Tustin is necessary only because of the need to expedite the completion of these annexations and because a 18 formula agreement establishing a tax allocation formula for all annexations has not yet been achieved by the Local Orange 19 County Division League of California Cities and the County of Orange; . and, 20 WHEREAS, any future 'agreement establishing a formula for 21 tax allocation, should be conditioned on the understanding that the hereinafter described agreement concerning the specific 22 property described as Annexation No. 127 Holt-Hamal'a to the City of Tustin shall be ..reconsidered when an overall tax allocation , ~5 formula has been agreed upon, · ,. 24 that .no property tax redistribution is necessary at this time .25 as a condition to the completion of Annexation No. 127. BE IT FURTHER RESOLVED that the City Council of the City of Tustin hereby requests that this agreement be re-evaluated 27· at such time as the Cities and the County of Orange reach an agreement on an appropriate tax allocation formula applicable ~8 to all future annexations in the County. NOW THEREFORE, BE IT RESOLVED that the City Council agree..s BE IT FURTHER RESOLVED that Upon the acceptance of the terms of this agreement by'the Board of Supervisors of Orange $0 County, the Executive Officer of the Local Agency Formation Commission is petitioned to process and complete said annexation as being hereby in satisfaction of the requirements of Section 99 (b) of the Revenue and. Taxation Code. ... · . ..... '.~ 'i~. :i'i¥'. :~:.,-~.'.~.,.' . .. .: . .i::..:....~-:'~:.i.'i~..... .,,..:..,..,.~:?i.....:;,..: .~........' i;i,:, .... ' .' . ::'.:-..>'...., .' ...,~; ~,!v~..i,~: '.,..~.... ....... '....' .-.. · '.." :.,.:.':..':.~. ~....L.'?. ~:..'.,?:.~ .,.,"~.,....¥.'? :.~-;.: ..... :'~·~??·· '.~· ..· ·: ···. ,.~;.;,-.~.·,~.:~+,~,.::, .: ..... · . .' · ' . ...i!?:,',..~,'i.,'..'... ' · ...,..:..-~.~...../..~...: :.,.~....:: .... . ...?,~.:..t..?..~ .'i.~.L~,:..:..~...,': 1 .... . ..... ,'.'.':','".2:~~,' :.!'..." ~,¥."L'~":'~.'17'.~' .......... ;' · '~ ".' ,:'.':..-~' .~ '.":'..-:.": :..'."~.".'~'.'":,!?~'?;:·?,~·"' '/'~"/'i· .' :~:'~.~--;·";J~·-:;'; '.:·'·::~'~'."~%'?"" · · .i,..,~,;~i.: ~...'. .. · ~ ..... ... . 4 6 8 10 11 14 16 19 ~0 Zl 26 ~8 ~0 PASSED AND ADOPTED at a regular meeting of the City Council of the City. of Tustin, held on the 20th day of October, 1980. October, 1980. 20th day o f b~NALD J.~TARELLI, MAYOR . ATTEST: , C~Y MARY '-E ~ '~NN . MAC 10-20-80 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS 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 foregoing Resolution No. _ 80-114 was duly and regularly introduced, passed and adopted at a regular meeting of the City Council held on the 20th i_day of _October _ , 1980 by the following vote- AYES : COUNCILMEN'__ Saltax_elli, _ Edqar, Hoesterev'.,_ Sharp, K,ennedv .............. NOES : COUNCILMEN: _. None. ABSENT: COUNCILMEN: None City of Tustin, California.