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HomeMy WebLinkAboutCC RES 80-105RESOLUTION NO. 80-105 A Resolution of the City Council of the City of Tustin, California, AGREEING TO ACCEPT THE EXCHANGE OF PROPERTY TAX REVENUES IN CONJUNCTION WITH INHABITED ANNEXATIONS WHEREAS, the City of Tustin in the conducting authority for certain inhabited annexations of areas within Tustin's Sphere of Influence; and WHEREAS, the Local Agency Formation Commission has approved the annexa- tion to the City of Tustin of the areas known as Annexation No. 97 (Main 'Street/Freeway), Annexation No. 110 '(San Juan-Green Valley) , and Annexation No. 122 (Tentative Tract Map No. 11050); and' WHEREAS, Annexation No. 121 (Irvine Boulevard-Dean Street) has" been submitted to the Local Agency Formation Commission for hearing and determina- tion; and WHEREAS, the Local Agency Formation Commission :.may not take action until such time as an agreement is reached on the distribution of property taxes within said area pursuant to Section 99 (b) of the California Revenue and Taxation Code; and WHEREAS, the agreement for the allocation of property taxes of subject areas is a prerequisite for the completion of annexations proceedings; and WHEREAS, the Board of Supervisors on September 2, 1980 adopted a policy which allocates the property tax of developed areas on the basis of the historical ratio for the City and County; and WHEREAS, the County and Cities are in the process of negotiating a master property tax transfer agreement with a time uncertain .for its approval and .adoption; and 18 WHEREAS, Section 99(b)(4) of the Revenue and Taxation Code establishes a 30-day maximum negotiation, period for an agreement for the exchange of the property tax revenues; NOW THEREFORE BE IT RESOLVED that the City Council accepts' the formula as contained within paragraph 4 of the policy adopted by the Board of Super- visors on September 2, 1980 for the distribution of property tax revenues for the fully developed areas known as Annexation No. 97, 110, 121 and 122 to the City of Tustin whereby property taxes are divided in accordance with the historical division of property taxes within the City of Tustin as determined by the County Auditor. BE IT FURTHER RESOLVED that the City Council hereby consents to the re-negotiation of this agreement for the purpose of consistency with an approved master property tax transfer agreement. A certified copy of this resolution shall be furnished-by the City. Clerk to the Clerk of the Board of Supervisors, the Auditor-Controller of r- Orange County, and the Local Agency Formation Commission. .. .-. PASSED AND ADOPTED at a regular meeting of the City Council held on the 6th day of October 1980. : ATTEST: M~ary .E~.-w~nn~-~ty Clerk 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 Tustin is five; that the above and foregoing Resolution No. 80-105 was duly and regula'rly introduced, passed and adopted at a regular meeting of the City Council held on the 6th day of October , 1980 by the following vote- AYEs : COUNCILMEI~. SALTARELLI, KENNEDY, EDGAR, HOESTEREY, SHARP NOES - COUNCILMEN-None. ABSENT- CouNcILMEN: None MARY E. WYNN, City Clerk City of, Tustin, Cal~ornia Deputy City Clerk CITY OF TUSTIN ANNEXATION INFORMATION RESOLUTIONS 80-103,104, & 105 AREA ISLAND (ACRES) DEVELOPMENT STATUS 107 Browning -Mitchell -Red Hill 1 Yes 51.00 Fully developed Complete except for tax 60 triplex units agreement 502 condominiums 1,456 population 36 apartment units 403 registered voters 15 single family 109 Sycamore -Walnut -Mitchell Yes 81..49 y Fully developed To LAFCO for filing 40 duplexes 1,498 estimated population, 217 apartment 220 condominiums 197 single family 111 Nisson-"B" Street Yes 31+ Fully developed To LAFCO for filing Apartment Units Mobile Home Park Single Family Units 121 Irvine Boulevard -Dean Street Peninsula 55.00 Pully developed To LAFCO for'filing 218 Single Family Units 122 Tract Map 11050 Part with 1.84 Fully developed To LAFCO for filing #111 25 apartment units 123 San Juan -Red Hill Yes 9.79 Fully developed To LAFCO for filing 96 apartment units 72 ctarden condominiums