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RES-7913 Redistribution of Property Taxes for Annexation No. 402RESOLUTION NO. 7913 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES FOR ANNEXATION NO. 402 MEADS/NAYLOR WHEREAS, a property owner has requested annexation of property situated easterly of Meads Avenue in the Orange Park Acre area; 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. 402 Meads/Naylor 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. 402 Meads/Naylor pursuant to the developed provisions of the Master Property Tax Transfer Agreement. ADOPTED this 10th day of 1991. ATIEST: u~O~Uj?t....-City Clerk 0 he C~ot6range I hereby certify that the foregoing Resolution was duly and regularly adopted by the CityCouncil fo the City of Orange at a regular meeting thereof held on the 10th day of December , 1991, by the following vote: AYES: COUNCILMEMBERS: STEINER, BARRERA, MAYOR BEYER, COONTZ, SPURGEON NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE Wt./4d1f1 ~4Ue4t/ ctty Clerk of e C6& ge Reso No. 7913 2-pss