HomeMy WebLinkAbout98-18 - Shelton Annexation Property Tax Transfer A• RESOLUTION NO. 98--L8
A RESOLUTION CONSENTING TO THE USE OF
THE 1980 MASTER PROPERTY TAX TRANSFER AGREEMENT
WITH THE COUNTY OF ORANGE FOR THE PROPERTY KNOWN AS
THE SHELTON ANNEXATION
WHEREAS, the City of Newport Beach has initiated proceedings
pursuant to the Cortese -Knox Local Government Reorganization Act of 1985,
commencing with Section 56000 of the California Government Code, for the
annexation of the Shelton Property on February 9, 1998; and
WHEREAS, the Shelton Property is a .2 acre lot located adjacent to 4700
Surrey Drive immediately west of the City's boundary; and
WHEREAS, the City of Newport Beach has received notification from the
Orange County Local Agency Formation Commission ( "LAFCO ") on February
24, 1998 that the City begin property tax transfer negotiations with the County
of Orange as an affected taxing agency;
WHEREAS, in 1980, the City of Newport Beach and the County of
• Orange approved a Master Property Tax Transfer Agreement that provides that
approximately 52% of the property tax revenue generated from an annexed
parcel goes to the City while approximately 48% goes to the County of Orange;
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of
Newport Beach that the City hereby agrees to utilize the existing 1980 Master
Property Tax Transfer Agreement with the County of Orange for the property
known as the Shelton Annexation and described as such in Resolution 98 -13,
adopted February 9, 1998.
ADOPTED this 9th day of
ATTEST:
019 U�Vrt 2_ o o / • YV 4./`�t(/yg�i.. ' ,
CITY CLERK
• STATE OF CALIFORNIA }
COUNTY OF ORANGE } as.
CITY OF NEWPORT BEACH }
I, LAVONNE M. HARKLESS, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 98 -18, was duly and regularly introduced before and adopted by the
City Council of said City at a regular meeting of said Council, duly and regularly held on the 9th day
of March, 1998, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Thomson, Debay, O'Neil, Hedges, Glover, Noyes, Mayor Edwards
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
• official seal of said City this 10th day of March, 1998.
(Seal) �,..
0
City Clerk of the City of
Newport Beach, California