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RESOLUTION NO. 93 -12 <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF NEWPORT BEACH REQUESTING THE <br />LOCAL AGENCY FORMATION COMMISSION TO <br />APPROVE THE SEAWARD SEVENTEEN ANNEXATION <br />AND DESIGNATING THE TERRITORY AS <br />UNDEVELOPED PROPERTY PURSUANT TO THE <br />MASTER PROPERTY TAX TRANSFER AGREEMENT <br />BETWEEN THE COUNTY OF ORANGE AND THE <br />CITY OF NEWPORT BEACH <br />• WHEREAS, the logical formation and the deteimination of <br />the boundaries of the City of Newport Beach is an important <br />factor in the orderly development of the City; and <br />WHEREAS, the extension of the logical boundaries of the <br />City is appropriate; and <br />WHEREAS, the distinctive short -form designation <br />assigned by the City of Newport Beach to the territory proposed <br />to be annexed is: Seaward Seventeen to the City of Newport <br />Beach; and <br />WHEREAS, said territory proposed to be annexed to the <br />City of Newport Beach consists of approximately 1.22 acres of <br />land, and the exterior boundaries thereof are specifically <br />described in the legal description attached hereto, marked <br />Exhibit A, and by this reference made a part thereof; and <br />WHEREAS, that certain Master Property Tax Transfer <br />Agreement between the County of Orange and the City of Newport <br />Beach dated October 28, 1980 provides that the County of Orange <br />and the City of Newport Beach shall agree, in writing, as to <br />whether said territory to be annexed shall be deemed developed or <br />undeveloped property for the purpose of transfer of property <br />taxes, pursuant to Section 99(b) of the Revenue and Taxation Code <br />of the State of California; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach that the Local Agency Formation <br />Commission of the County of orange is hereby requested to approve <br />• the annexation of certain uninhabited territory designated as <br />Seaward Seventeen to the City of Newport Beach; and <br />