RES-7794 Agreeing to a Redistribution of Property Taxes for Annexation No. 391 Fairhaven Islands - Area ARESOLUTION NO. 7794
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE AGREEING TO A REDISTRIBUTION
OF PROPERTY TAXES FOR ANNEXATION NO. 391
FAIRHAVEN ISLANDS - AREA A).WHEREAS,
property owners and registered voters have requested annexation of
an area located northerly of Fairhaven Avenue, easterly of the State Route 55 Freeway
identified as Fairhaven Islands Area A; 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. 391 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. 391 pursuant
to the developed provisions of the Master Property Tax Transfer Agreement.ADOPTED
this 23rd day of April 1991.ATTEST:
O(},~
City
Clerk of CitY'O~e I
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 23rd
day of April , 1991, by the following vote:
AYES: COUNCILMEMBERS: STEINER, BARRERA ,MAYOR BEYER, COONTZ,
SPURGEON
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
h-*.~~~ ~.#
City Clerk of th ity of g,",
Reso.
7794 2-