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Resolution Number 02-05-07-01RESOLUTION NO. 02-05-07-0 1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, APPROVING THE PROPERTY TAX EXCHANGE FROM THE COUNTY OF ORANGE TO THE CITY OF SAN JUAN CAPISTRANO RELATED TO THE SILVER CREEK ANNEXATION (CA 00-19) (GPA 01-01) WHEREAS, the City Council supports the goal of encouraging municipal boundaries to promote the most logical, efficient and cost effective delivery of public services; and, WHEREAS, Silver Creek Slide, Inc., representing seven homeowners in the Stoneridge neighborhood, has requested the annexation of 5.09 acres of property presently situated in unincorporated Orange County and the subject of a conveyance from Rancho Mission Viejo to the property owners as part of the process involving remediation of a landslide that occurred during the winter of 1995-1996; and, WHEREAS, the City Council, in support of the annexation application, has adopted Resolution 01-6-5-7 approving General Plan Amendment (GPA) 01-01 and a Zone Change, to approve annexing the subject property into the City of San Juan Capistrano. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby 1. Determine that the property tax exchange for CA 00-19 ("Silver Creek Annexation") will be in accordance with the Master Property Transfer Agreement between the County of Orange and the City of San Juan Capistrano (County Resolution 80-2092). The Master Agreement between the County of Orange and the City of San Juan Capistrano assigns approximately 56 percent of the General Fund share of revenues to the County and 44 percent of the General Fund share of revenues to the City. 2. Direct the City Clerk to notify the Executive Officer of the Local Agency Formation Commission of the City Council's determination. PASSED, APPROVED, AND ADOPTED this 7th day of May 2002. ATTEST: — 2 vcy(-- M ARET R. MONAHAN, CITY CLERK -1- STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARGARET R. MONAHAN, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 02-05-07-01 was duly adopted by the City Council of the City of San Juan Capistrano at a regular meeting thereof, held the 7th day of May 2002, by the following vote: AYES: COUNCIL MEMBERS: Hart, Campbell, Swerdlin, Gelff and Mayor Bathgate NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None NAHAN, City Clerk