HomeMy WebLinkAbout98-13 - Master Property Tax Transfer for Annexation of Olympic Avenue and portions of 1-405 Freeway R -O -W234
RESOLUTION NO. 98-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, RECONFIRMING THE
APPLICATION OF THE MASTER PROPERTY TAX
TRANSFER AGREEMENT FOR THE PROPOSED
ANNEXATION OF OLYMPIC AVENUE AND PORTIONS OF
THE 1-405 FREEWAY RIGHT-OF-WAY.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, the City of Costa Mesa is requesting an annexation of the
unincorporated County area adjacent to Olympic Avenue and portions of the 1-405
Freeway right-of-way; 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, the Olympic Avenue annexation area 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 pursuant to the
"undeveloped" provisions of the Master Property Tax Transfer Agreement.
PASSED AND ADOPTED this 17th day of February, 1998.
ATTEST:
Deputy Ci ft
Clerk of the City of Costa Mesa Mayor of the City of C s esa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
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. 98-13 was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on the 17th day of February, 1998.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of
the City of Costa Mesa this 18th day of February, 1998.
Deputy Citlerk and ex -officio Clerk of
the City C ncil of the City of Costa Mesa