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RES-10154 Redistribution of Property Taxes Agreement Manchester Pl. and Compton Ave.RESOLUTION NO. 10154 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE AGREEING TO A REDISTRIBUTION OF PROPERTY TAXES DUE TO THE REORGANIZATION OF 332 SQUARE FEET OF PROPERTY AT THE INTERSECTION OF MANCHESTER PLACE AND COMPTON AVENUE. WHEREAS, The Olson Company, has requested a boundary adjustment between the cities of Anaheim and Orange at a location near the western portion of the City of Orange at the intersection of Manchester Place and Compton Avenue to allow for a more consistent boundary between the two jurisdictions, and will result in reuse of a remnant; and, WHEREAS, Section 99(b)(6) of the Revenue and Taxation Code requires jurisdictions involved in any such jurisdictional change to agree to a property tax redistribution prior to certification of such change in jurisdiction; and, WHEREAS, the City of Anaheim concurs with the City of Orange that the tax revenues accruing for the territory being annexed to the City of Orange be allocated in total to the City of Orange; and, WHEREAS, a legal description Exhibit A and map depicting the area of this reorganization is attached hereto and designated as Exhibit B hereof, NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Orange that the City of Orange does hereby agree to the foregoing redistribution of property taxes for this reorganization, with taxes allocated according to applicable revenue factors for the affected tax rate areas. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Orange this 9th the day ofJanuary, 2007. ATTEST: vecc~, Mayor, City 0 Mary E.of Orange I, MARY E. MURPHY, City Clerk of the City of Orange, California, do 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 9th day of January, 2007, by the following vote: AYES: NOES: ABSENT: ABSTAIN: COUNCILMEMBERS: Smith, Murphy, Cavecche, Dumitru, Bilodeau COUNCILMEMBERS: None COUNCILMEMBERS: None COUNCILMEMBERS: None M~;;;,((~Of~g,