RES-7797 Agreeing to a Redistribution of Property Taxes for Annexation No. 394 Fairhaven Islands - Area DRESOLUTION NO. 7797
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE AGREEING TO A REDISTRIBUTION
OF PROPERTY TAXES FOR ANNEXATION NO. 394
FAIRHAVEN ISLANDS - AREA D).WHEREAS,
property owners and registered voters have requested annexation of
an area located northerly of Fairhaven Avenue, easterly of Prospect Avenue, known as
Fairhaven Islands - Area D; 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, 394 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. 394 pursuant to
the developed provisions of the Master Property Tax Transfer Agreement.ADOPTED this
23rd day of Anril 1991.ATTEST:JI.,"'--
C~
y~ 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 23rd
day of April , 1991, by the following vote:
AYES: COUNCILMEMBERS: STEINER, BARRERA, MAYOR BEYER, COONTZ,
SPURGEON
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
7Mt<~_~~
City Clerk of City
Reso, 7797 2 -