HomeMy WebLinkAbout2001-71 - Newport Coast Annexation - Property Tax Transfer AgreementRESOLUTION NO. 2001- 71
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF NEWPORT BEACH
RELATING TO A PROPERTY TAX TRANSFER AGREEMENT
WITH THE COUNTY OF ORANGE
ON BEHALF OF THE COUNTY,
THE ORANGE COUNTY FIRE AUTHORITY,
AND THE ORANGE COUNTY LIBRARY DISTRICT
RELATING TO THE NEWPORT COAST ANNEXATION
WHEREAS, the City of Newport Beach has proposed the annexation and /or
reorganization of three separate territories adjacent to or within the City's sphere of
influence. These territories are known as The Newport Coast ( "Newport Coast "), the
eastern portion of Santa Ana Heights ( "Santa Ana Heights "), and Bay Knolls ( "Bay
Knolls "); and
WHEREAS, all or portions of Santa Ana Heights and Bay Knolls are within
specific redevelopment project areas administered by the Orange County Development
Agency (OCDA) which direct most property tax increment to the OCDA; and
WHEREAS, in 1980, the City Council adopted a Master Property Tax Transfer
Agreement with the County of Orange that directs that 0.51937804992 of the County
General Fund share of the 1 % Basic Levy be transferred to the City and 0.48062195008
remain with the County upon annexation of territory by the City; and
WHEREAS, the Board of Supervisors has agreed to adjust the Master Property
Tax Transfer Agreement according to the terms of this Resolution in order to assist the
City of Newport Beach in funding municipal services to the Bay Knolls area that falls
within the OCDA project area, now, therefore be it
RESOLVED by the City Council of the City of Newport Beach that the City
Council hereby:
1. Accepts that the property tax exchange for the Newport Coast Annexation
will be in accordance with the Master Property Tax Transfer Agreement
between the County of Orange and the City of Newport Beach (Board of
Supervisors' Resolution No. 80 -2093) between the effective date of the
annexation of the Newport Coast and the effective date, if any, of the
annexation of Bay Knolls by the City of Newport Beach. On and after the
effective date of the annexation of Bay Knolls by the City of Newport Beach,
the property tax exchange for the City of Newport Beach's annexation of the
Newport Coast shall be as follows:
• 0.52937804992 of the County General Fund share of the 1% Basic
Levy be transferred to the City of Newport Beach; and
• 0.47062195008 shall remain with the County.
2. Requests that 100 percent of the property tax revenues accrued to the Orange
County Library District for the Newport Coast Annexation be transferred to
the City of Newport Beach.
3. Requests that 100 percent of the property tax revenues accrued to the Orange
County Fire Authority for the Newport Coast Annexation be transferred to
the City of Newport Beach.
ADOPTED this 14th day of August, 2001.
GAROLD B. ADAMS
Mayor
ATTEST:
LaVonne Harkless
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
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. 2001 -71 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
14th day of August, 2001, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, O'Neil, Bromberg, Proctor, Mayor Adams
Noes: None
Absent: Ridgeway, Glover
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 15th day of August, 2001.
(Seal)
City Clerk
Newport Beach, California