HomeMy WebLinkAboutCC RES 80-1088
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RESOLUTION NO. 80-108
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA AGREEING TO THE EXCHANGE OF
PROPERTY TAX REVENUES FOR ANNEXATION NO. 124 TO
THE CITY OF TUSTIN
WHEREAS, the City Council of the City of Tustin and
the property owner is desirous of the annexation of certain
Irvine Ranch Property known as Annexation No. 124 to the
City of Tustin, and
WHEREAS, pursuant to Section 99(b) of the Revenue 'J
and Taxation Code the proposed annexation may not be considered
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, county,
and Property owner to complete the annexations as soon as
possible; and,
WHEREAS, the City Council feels, in this instance, that
an exchange of Property tax revenue as a condition of this
annexation is not necessary 'during the first year of the
jurisdictional change; and,
WHEREAS,. there is. an effort underway by the Orange
County Division League of California Cities and the County
of Orange to develop an equitable solution to the problem of
reallocation of property tax revenues which allocation formula
shall thenceforth be applicable .for all future annexations
in the County; and
WHEREAS, this special agreement on Annexation No. 124
to the City of Tustin is necessary only because of the need to
expedite the completion of these annexations and because a
formula agreement establishing a tax allocation formula for
all annexations has not yet been achieved by the local Orange
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County Division League of California Cities and the County of
Orange; and,
WHEREAS, any future agreement establishing a formula for
tax allocation should be conditioned on the understanding that
the hereinafter described agreement concerning the specific
property described as Annexation No. 124 to the City of Tustin
shall be reconsidered when an overall tax allocation formula
has been agreed upon,
NOW THEREFORE, BE IT RESOLVED that the City Council agrees
that no property tax redistribution is necessary at this time -
as a condition to the completion of Annexation' No. 124.
BE IT FURTHER RESOLVED that the City Council of the City-.
of Tustin hereby requests that~his agreement be re-evaluated
at such time as the Cities and the County of Orange reach an
agreement on-an appropriate tax allocation formula applicable
to all future annexations in the County.
BE IT FURTHER RESOLVED that upon the acceptance of
the terms of this agreement by the 'Board of Supervisors of
Orange County, the Executive Officer of the Local Agency
Formation. Commision is petitioned to process and complete
said annexation as being hereby in satisfaction of the require-
1 ments of Section 99 (b) of the Revenue and Taxation Code.
PASSED AND ADOPTED at a Special Meeting of the City
Council of the City of Tustin, held on the 10th day of October,
1980.
8 ATTEST -
10 MARY E. WYNN, CITY CLERK
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
cITY OF TUSTIN )
MARY E. I~"fNN, 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.80-108 was duly and regularly introduced, passed
and adopted at a special ~-ee~ing ~ the City Council held on the : 10th. ~day of
._____O_c_t~ber __, 1980 by the following vote-
· ~YES : COUNCIL:-!E[; __
NOES : COUNC "'E~'
.
'ABS'EI.4T: (~OUNC IZ[2-t?:~'; '
SALTARELLI, EDGAR, SHARP, HOESTEREY
KENNEDY
by
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Cit'y of Tustin, California
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Ka=~n Zo Bear~le¥ ~- Depu~ C±t¥~lerk
C~t¥ of Tust~-n, Californ±a