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RES-7880 Agreeing to a Redistribution of Property Taxes for Annexation No. 399RESOLUTION NO. 7880 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES FOR ANNEXATION NO. 399 LINCOLN/MOHLER WHEREAS, the Mohler Corporation has requested annexation of property situated on the northerly side of Lincoln Avenue, one hundred ninety feet (190') easterly of Batavia; 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. 399 Lincoln/Mohler 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.399 Lincoln/Mohler pursuant to the developed provisions of the Master Property Tax Transfer Agreement. ADOPTED this 10th 1991. ArrEST: A'~~~~~~~ cfty Clerk 0 e C' of ~ange 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 10th day of September , 1991, by the following vote: AYES: COUNCILMEMBERS: STEINER, BARRERA, MAYOR BEYER, COONTZ SPURGEON NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE h~~ U~City Clerk of ~y e Reso.7880 2-