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RES-9477 Redistribution of Property Taxes for Reorganization No. RO-00-10RESOLUTION NO. 9477 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES FOR REORGANIZATION NO. RO-00- I0, MUSKOKA DEVELOPMENT.WHEREAS, Muskoka Development has requested annexation of their property, located on the west side of Meads Ave" approximately 400' south of Santiago Canyon Road; from the County of Orange to the City of Orange; and WHEREAS, Section 99(c) of the Revenue and Taxation Code requires affected agencies involved in any jurisdictional change to agree to a property tax redistribution prior to completion of the change; and WHEREAS, The City of Orange and the County of Orange have agreed to a Master Property Tax Agreement establishing a formula for said redistribution; and WHEREAS, Reorganization No, RO 00-10, Muskoka Development meets the criteria for an inhabited Annexation as described in the Master Property Tax Transfer Agreement.NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Orange does hereby agree to a redistribution of property tax for Reorganization No, RO 00-10, Muskoka Development pursuant to the developed provisions of the Master Property Tax Transfer Agreement.ADOPTED this 24th day ofJuly, 2001 ATTEST: Cassandra J, Cathc , City Clerk of the City of Orange I hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the 24th day of July, 2001, by the following vote: AYES: COUNCILMEMBERS: SLATER, ALVAREZ, MAYOR MURPHY, COONTZ, CAVECCHE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: NONE Qo\City ClerklMARCHANJlReso 9477.doc 2