HomeMy WebLinkAboutResolution 1991 - 0169RESOLUTION NO.91-169—7
APPROVING AGREEMENT FOR PROPERTY TAX REVENUE EXCHANGE
WITH CITY OF IRVINE RE ORANGE COUNTY REORGANIZATION
NO.111
A RESOLUTION OF THE BOARD OF DIRECTORS OF COUNTY SANITATION
DISTRICT NO.7 OF ORANGE COUNTY,CALIFORNIA,APPROVING
AGREEMENT FOR PROPERTY TAX REVENUE EXCHANGE WITH CITY OF
IRVINE RE ORANGE COUNTY REORGANIZATION NO.111,PURSUANT
TO REVENUE AND TAXATION CODE SECTION 99
WHEREAS,Resolution No.88-17 approved annexation of approximately 21
acres of territory to District No.7 included in proposed Orange County
Reorganization No.111 —Reorganization of County Sanitation Districts Nos.7
and 14 (initially entitled Annexation No.104 —MCAS/LTA Family Housing
Annexation to District No.7),and provided for detachment of said territory
from District 14 which will no longer provide sewerage service;and,
WHEREAS,said resolution reserved the right to negotiate an exchange of
property tax revenues pursuant to Section 99 of the Revenue and Taxation Code;
and,
WHEREAS,pursuant to the negotiated settlement between the Sanitation
Districts and the County of Orange regarding AB 8 tax exchanges,annexation of
said territory is conditioned upon a tax exchange with the affected taxing
agencies to defray the costs of providing sewerage service to said territory;
and,
WHEREAS,a tax exchange agreement has been negotiated providing for the
transfer of a nominal portion of City of Irvine’s share of the property tax
allocation for said property to County Sanitation District No.7,pursuant to
Revenue and Taxation Code Section 99.
NOW,THEREFORE,the Board of Directors of County Sanitation District
No.7 of Orange County,California,
DOES HEREBY RESOLVE,DETERMINE AND ORDER:
Section 1 That the Board of Directors hereby approves an exchange of the
City of Irvine’s factor of the basic one percent (1%)tax levy allocation
formerly received by the City of Irvine for said property to County Sanitation
District No.7;and,
Section 2 That the tax allocation factor exchanged in Section 1
hereof shall be .03785538451.
PASSED AND ADOPTED at a regular meeting held October 9,1991.
STATE OF CALIFORNIA)
)SS.
COUNTY OF ORANGE )
I,RITA J.BROWN,Board Secretary of the Board of Directors of
County Sanitation District No.7 of Orange County,California,do hereby
certify that the foregoing Resolution No.91-169-7 was passed and adopted at a
regular meeting of said Board on the 9th day of October,1991,by the
following vote,to wit:
AYES:Richard B.Edgar,Chairman,Fred Barrera,John C.Cox,Jr.,
Miguel Pulido,Don R.Roth,Sally Anne Sheridan,James A.
Wahner
NOES:None
ABSENT:None
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 October,1991.
Rita J.Brown,Board Secretary
Board of Directors of County
Sanitation District No.7
of Orange County,California