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HomeMy WebLinkAboutCC RES 80-1078 9 10 11 12 ,14 15 16 17 18 19 20 21 ~4 26. ~8 ~0 RESOLUTION NO. 80-107 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AGREEING TO THE EXCHANGE OF PROPERTY TAX REVENUES FOR ANNEXATIONS NOS. 97, 110, 114, 115, 116, 117, 118, 119, and 120 TO THE CITY OF TUSTIN WHEREAS, certain annexations have been approved by the Local Agency Formation Commission and the City Council of the City of Tustin, known as Annexations Nos. 97, .. 110, 114, 115, 116, 117, 118, 119 and 120 with cer't- ificates of completion filed by the Executive Officer of the Local Agency Formation Commission; and WHEREAS, pursuant to Section 99(b) of the Revenue and Taxation Code said jurisdictional changes shall not become effective until the city and county agrees, by resolution, to accept the nego'tiated exchange of property tax revenues; and WHEREAS, the interest of the city, county, property owners, and residents can best be served by the immediate deter- mination of the jurisdictional changes whereby municipal services may be provided to subject areas; and WHEREAS, the City Council determines that the completion of subject annexations justifies the waiver of the pro- perty tax revenue as a condition of these annexations 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, a special agreement for the exchange of property tax revenues is necessary to expediate the completion of these annexations prior to the establishment of a tax allocation formula for all annexations by the Orange County Division, League of California Cities and the County of Orange; and WHEREAS, any future agreement establishing an overall formula for tax allocation should be conditioned upon the reconsideration of the tax allocation for the properties subject to this agreement; 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 Nos. :. 97, 110, 114, 115, 116, 117, 118, 119 and 120 to the City · of Tustin. BE IT FURTHER RESOLVED that the City Council of~he 'City of Tustin hereby requests that this agreement be .re-evaluated at such time as the Cities and the County of Orange reach an agreement on an appropr±.~te tax allocation formula applicable to all future annexations in the County. 8 BE IT FURTHER RESOLVED that the acceptance of this agreement shall be deemed to satisfy the requirements of Section 99 (b) of the Revenue and Taxation Code whereby the subject annexation shall be complete° '~PASSED AND ADOPTED at a Special Meeting of the City Council of the City of Tustin, held on the 10th day of October 1980. DONALD ~SALTARELLI , MAYOR 9 ATTEST ' ~ RKF/mac 10-9-80 17 18 19 2O Zl 24 26 ~8 ~0 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) .. MARY E. WYNN, City Clerk' and exLofficio 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 Thstin is five; that the above, and foregoing Resolution No.80-10 7 was duly and regularly introduced, passed and adopted at a special meeting of the City Council held On the 10th day of .... _October , 1980 by the following vote- -~-~ - AYES · COUNCI Lt-!EH NOES - COUNCI L~..'.EN: ABS El.;' l'- COUNC I.[,J..[~;:,.'.; · SALTARELLI', EDGAR, SHARP, HOESTEREY NONE .... KENNEDY City of Tustin, California ~ ten J. ~'~ardsie~:, De~.U't~city ........ Clerk City of Tustin, California