HomeMy WebLinkAbout97-80 - Property Tax Shift Bonita CanyonRESOLUTION NO. 97- 80
• A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AGREEING TO AN EXCHANGE RATE OF 100%
OF THE PROPERTY TAXES TO THE CITY OF NEWPORT BEACH
FOR THE ANNEXATION OF BONITA CANYON
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WHEREAS, pursuant to the provisions of the Cortese -Knox Local Government
Reorganization Act of 1985, proceedings will be initiated by the City of Newport Beach
to annex territory situated in the City of Irvine, State of California, herein designated as
"Bonita Canyon Reorganization" and described more particularly in Attachment "A"
attached hereto and incorporated herein by this reference; and
WHEREAS, the City of Newport Beach concurs that the tax revenues accruing
for the area detached from the City of Irvine and annexed to the City of Newport Beach
will be allocated in total to the City of Newport Beach; and
WHEREAS, the City Council held public hearings on October 27, 1997, and
November 10, 1997, to hear testimony of the City Manager and Planning Department
staff, the land owner, and concerned citizens.
NOW, THEREFORE the City Council of the City of Newport Beach does
hereby resolve as follows:
That pursuant to the Revenue and Taxation Code Section 99(b) regarding
jurisdictional changes with respect to adjustments in allocation of property taxes, the
City of Newport Beach requests that one hundred percent (100 %) of property tax
revenues for the area detached from the City of Irvine and annexed to the City of
• Newport Beach be allocated in total to the City of Newport Beach.
Res 97 -80
• THIS RESOLUTION WAS ADOPTED by the City Council of the City of Newport
Beach at a regular meeting held on the 10th day of November , 1997.
ATTEST:
CITY CLERK
E
•
MAY 0
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. 97 -80, 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 10th
day of November, 1997, and that the same was so passed and adopted by the following vote, to wit:
Ayes: O'Neil, Thomson, Edwards, Glover, Noyes, and Mayor Debay
Noes: None
Absent: Hedges
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 12th day of November, 1997.
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(Seal)
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City Clerk of the City of
Newport Beach, California