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HomeMy WebLinkAbout96-29 - Master Property Tax Transfer Agreement, Proposed Annexation of 1995-1996RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, CONFIRMING THE APPLICATION OF THE MASTER PROPERTY TAX TRANSFER AGREEMENT FOR THE PROPOSED ANNEXATION OF 1995-1996 ASSESSOR PARCEL NO. 426-171-06. WHEREAS, the property owner of 1995-1996 Assessor Parcel No. 426-171-06, located at 2165 Tustin Avenue and 379-388 Thetford Way, is requesting annexation to the City of Costa Mesa; and WHEREAS, Section 99(b) of the Revenue Taxation Code requires jurisdictions involved in any jurisdictional change to agree to a property tax redistribution prior to the change becoming complete; and WHEREAS, the City of Costa Mesa and the County of Orange have agreed to a Master Property Tax Transfer Agreement dated October 28, 1980, establishing a formula for said redistribution; and WHEREAS, 1995-1996 Assessor Parcel No. 426-171-06 does meet the criteria for an "undeveloped" annexation as described in the Master Property Tax Transfer Agreement; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Costa Mesa does hereby agree to a redistribution of the property tax for 1995-1996 Assessor Parcel No. 426-171-06, pursuant to the "undeveloped" provisions of the Master Property Tax Transfer Agreement. PASSED AND ADOPTED this 1 st day of April, 1996. ITVv .� Deputy City 0 erk of the City of Costa Mesa STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) M of the City of Costa Mesa APPROVED AS TO FORM CITY ATTOMitY I, MARY T. ELLIOTT, Deputy City Clerk and ex -officio Clerk of the City Council of the City of Costa Mesa, hereby certify that the above and foregoing Resolution No. iG -. � was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on the 1st day of April, 1996. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City of Costa Mesa this 2nd day of April, 1996. Deputy Citylerk and ex -officio Clerk of the City Co cil of the City of Costa Mesa