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Resolution Number 87-11-17-8RESOLUTION NO. 87-11-17-8 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, PERTAINING TO REALLOCATION OF PROPERTY TAX TO CITY FROM CAPISTRANO BEACH SANITARY DISTRICT AND CAPISTRANO BAY PARK AND RECREATION DISTRICT (GREAT WESTERN ANNEXATION) WHEREAS, certain property was annexed to the City of San Juan Capistrano pursuant to the provisions of Resolution No. 86-11-18-4 known as the Great Western Annexation; and, WHEREAS, in conjunction with the approval of said annexation by the Local Agency Formation Commission, it was determined that a detachment was required from the Capistrano Beach Sanitary District and the Capistrano Bay Park and Recreation District; and, WHEREAS, the County of Orange has determined that a tax reallocation is required in conjunction with the above -referenced detachment. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Juan Capistrano as follows: SECTION 1. That pursuant to Section 99 (c) of the Revenue and Taxation Code of the State of California, the City of San Juan Capistrano hereby requests that all property tax revenues which would have accrued pursuant to Revenue and Taxation Code Section 97.5 to the Capistrano Beach Sanitary District and the Capistrano Bay Park and Recreation District for the territory annexed to the City of San Juan Capistrano under the Great Western Annexation, had the territory remained within said Districts, shall be reallocated to the City of San Juan Capistrano and to the San Juan Capistrano Community Redevelopment Agency, to commence in the first fiscal year in which the annexation is effective for tax purposes, as provided in Government Code Section 54902, and continuing each year thereafter. -1- SECTION 2. That this resolution be transmitted to the Board of Supervisors of the County of Orange and the Board be requested to adopt a resolution approving the foregoing tax reallocation and to notify the Executive Officer of the Local Agency Formation Commission and the Auditor -Controller of the County of Orange of the Board's determination in this regard. PASSED, APPROVED, AND ADOPTED this of November. 1997. ATTEST: ITY CLERI 17th 1Z ANTHONY L.25 . AND, MAYOR STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF SAN JUAN CAPISTRANO ) day I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 87-11-17-8 adopted by the City Council of the City of San Juan Capistrano, California, at a regular meeting thereof held on the 17th day of November , 1987, by the following vote: AYES: Councilmen Schwartze, Friess, Buchheim, Hausdorfer, and Mayor Bland NOES: None ABSENT: None (SEAL) MARY ANN NOVER, CITY CLERK -2-