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RES-8079 Agreeing to Redistribution of Property Taxes for Annexation No. 396RESOLUTION NO. 8079 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES FOR ANNEXATION NO. 396 ORANGE PARK ACRES WHEREAS, owners of properties in and around Orange Park Boulevard have requested annexation of properties situated on the westerly side of Orange Park Boulevard, southerly of Santiago Canyon Road; and WHEREAS, Section 99 (b) of the Revenue and Taxation Code requires jurisdictions involved in any jurisdiction change to agree to a property tax redistribution prior to the change becoming complete; and WHEREAS, the City of Orange and the County of Orange have agreed to a Master Property Tax Transfer Agreement establishing a formula for said redistribution; and WHEREAS, Annexation No. 396 Orange Park Acres does meet the criteria for a developed 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 Annexation No. 396 Orange Park Acres pursuant to the developed provisions of the Master Property Tax Transfer Agreement. ADOPTED this day of 1992. ATTEST: II?h .I'~~-' =r J ~ a,$~"~City Clerk of t City O~e 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 8th day of September , 1992, by the following vote: AYES: COUNCILMEMBERS: STEINER. BARRERA. MAYOR BEYER COONTZ. SPURGEON NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE P 1.J.i-' 4 _J ~. Ie.tl..I~City Clerk of thlCity of rang Reso. 8079 2 -pss