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,
· ,.
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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.
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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.