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HomeMy WebLinkAboutResolution 1981 - 0203(~ RESOLUTION NO.81-203-7 APPROVING EXCHANGE OF PROPERTY TAX REVENUES FOR ANNEXATION NO.98 -PETERS CANYON A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION DISTRICT NO.7,PURSUANT TO REVENUE AND TAXATION CODE SECTION 99.1,APPROVING AN AGREEMENT FOR THE EXCHANGE OF PROPERTY TAX REVENUE FOR THAT CERTAIN PROPERTY PROPOSED TO BE ANNEXED TO THE DISTRICT DESCRIBED AS ANNEXATION NO.98 - PETERS CANYON ***** WHEREAS,Section 99.1 of the Revenue and Taxation Code requires that all affected local agencies shall participate in the exchange of property tax revenues regarding territory affected by a jurisdictional change,which change will result in a special district providing one or more services to an area where such services have not been previously provided by any local agency;and, WHEREAS,the Irvine Company has filed a petition with the District for annexation of appro’ximately 66.774 acres to the District,which property has not previously received sewer service from any local agency;and, WHEREAS,said petition has been reviewed by the District and designated as Annexation No.98 -Peters Canyon,and is found to be a logical extension of the service boundaries of the District;and, WHEREAS,the County of Orange and County Sanitation District No.7 of Orange County have reached an agreement pur suant to Revenue and Taxation Code Section 99.1. NOW,THEREFORE,the Board of Directors of County Sani tation District No.7 of Orange County,California, DOES HEREBY RESOLVE,DETERMINE AND ORDER: Section 1 That the District will be extending service to the territory proposed to be annexed to the District con sisting of approximately 66.774 acres and described as Annexation No.98 -Peters Canyon,and which has been the subject of a negotiated agreement between the County of Orange and County Sanitation District No.‘7 for an exchange of the property tax revenue for said property. Section 2 That the ag~eement between the District and the County of Orange is hereby approved,which agreement provides for the District to receive a portion of the property tax increment based on the following revenue factors for each of the designated tax rate areas: TRA 76—009 .02349021120 TRA 76—059 .08573307412 PASSED AND ADOPTED at a regular meeting held this 9~h day of December,1981. —2— STATE OF CALIFORNIA) SS. COUNTY OF ORANGE I,J.WAYNE SYLVESTER,Secretary of the Board of Directors of County Sanitation District No.7 of Orange County,California,do hereby certify that the foregoing Resolution No.81—203—7 was passed and adopted at a regular meeting of said Board on the 9th day of December,1981,by the following vote,to wit: AYES:Richard Edgar (Chairman),Evelyn Hart,Robert Luxembourger, Bill Vardoulis,James Wahner and Harriett Wieder NOES:None ABSENT:Don Smith IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of County Sanitation District No.7 of Orange County,California,this 9th day of December,1981. J.Wayne ~Secretary Board of/Dir~Ø’c,~ors of County S itat~.on ~j~trict No.7 f OrM~(ge County,California