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HomeMy WebLinkAboutCC RES 80-10618 £0 81 ( ( RESOLUTION NO. 80-106 A Resolution of the City Council of the City of Tustin, California, AGREEING TO THE EXCHANGE OF PROPERTY TAXES IN CONJUNCTION WITH CERTAIN INHABITED ANNEXATIONS WHEREAS, as a result of the enactment of Section 99(b) of the Revenue and Taxation Code, Annexation Nos. 107, 109, 111, 121, 122, and 123 of the City of Tustin cannot become effective until a negotiated agreement between 'the City and County regarding exchange of property tax revenue has been completed; and, .. WHEREAS, it is in the best interests of the City, county, and property owners 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 Nos. 107, 109, 111, 121, 122, and 123 of 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 County Division League of California Cities. and the County of Orange; and, ~%~EREAS, any future agreement establishing a formula for tax allocation should be conditioned on the.understanding that the hereinafter described agreement concerning these specific properties described as Annexation Nos. 107, 109, 111, 121, and 123 of the City of Tustin shall be reconsidered when an overall tax allocation formula has been agreed upon; and, WHEREAS, the Board of Supervisors, on the motion of Supervisor Riley, on October 8, 1980 adopted a Resolution agreeing to the same terms and conditions as herein stated, '. " 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. 107, 109, 111, 121, 122, and 123. BE IT FURTHER RESOLVED l~h the City Council of the 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 appropriate tax allocation formula applicable to all future annexations in the County. · BE IT FURTHER RESOLVED ~hat the Executive Officer be petitioned to process and complete the above annexations as being hereby in satisfaction of the requirements of Section 99(b) of the Revenue and Taxation Code. ATTEST: , MARY ~..wY~;~fTY CLERK PASSED AND ADOPTED at a Special Meeting of the City Council of the City of Tustin, held on the 10th day of October, 1980. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) MARY E. WYNN, City Clerk' and ex-~fficio 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.80-106 was duly and regularly introduced, passed and adopted at a special meeting of the City Council held on the 10th day of October, 1980. AYES : COUNC I NOES ..: COUNCI LC.'..E4'.!: .. AI3S El,IT · CO:JHC IL:-I~iF'4 · SALTARELLI, EDGAR, SHARP, HOESTEREY _ _ _ NONE.:=:,, .. KENNEDY City of Tustin, California' ,~ ~ . Karen J. Bea':~'leyl DePuty c~ c-i'erk- City of Tustin, California ; . .