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RES-7799 Agreeing to a Redistribution of Property Taxes for Annexation No. 397RESOLUTION NO, 7799 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES FOR ANNEXATION NO. 397 SOUTHEASTERLY OF CHAPMAN AND CRAWFORD CANYON ROAD) WHEREAS, a property owner has requested annexation of parcels located southerly of Chapman Avenue, easterly of Crawford 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. 397 does meet the criteria for a undeveloped 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. 397 pursuant to the undeveloped provisions of the Master Property Tax Transfer Agreement. ADOPTED this 23rd day of April 1991. ATTEST: t_'~.-~ ..-'City Clerk of e Ci ge 1- 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 Qr~~"" Q-f/'" u----City Clerk of th ity of ~ ge Reso, 7799 2-