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2003-094RESOLUTION NO. 200, R -94 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM AGREEING TO THE PROPERTY TAX EXCHANGE BETWEEN THE CITY OF ANAHEIM AND THE COUNTY OF ORANGE FOR ANNEXATION NO. 283 - THE BROOKHURST ARCO ANNEXATION WHEREAS, the owner of subject property has filed an application with the Local Agency Formation Commission to annex to the City of Anaheim 1.259 acres of unincorporated County territory referred to as The Brookhurst Arco Annexation; and WHEREAS, the subject 1.259 -acre property is located on the south side of Ball Road, approximately 182 feet west of the centerline of Brookhurst Street and more particularly described on the attached Exhibit "A "; and WHEREAS, California Revenue and Taxation Code Section 99 allows cities and counties to adopt and approve property tax exchange agreements to set forth the exchange of such revenues following the addition to a city of previously unincorporated territory; and WHEREAS, the City will receive 100% of the Library Fund and Fire Fund generated from the County territory; and, WHEREAS, the County Executive Office staff and the City Manager for the City of Anaheim have reached agreement, subject to Board and City Council approval, regarding the exchange of property tax as a result of the annexation of the unincorporated territory by the City, whereby upon annexation by the City, the City shall receive 42.4742% of the property tax and the County shall receive 57.5258% of the County's share of the property tax generated within the area to be annexed pursuant to the Master Property Tax Transfer Agreement (80- 2034). NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Anaheim does hereby approve the property tax exchange agreement reached between the City of Anaheim and the County of Orange, whereby, upon completion of the annexation of the subject 1.259 -acre property to the City of Anaheim, the City shall receive 42.4742% and the County of Orange shall receive 57.5258% of the County's share of the property tax from the annexed area. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 3rd day of June, 2003. ell MAYOR OF THE C O NAHEIM ATTEST: ITY CLERK OF TH CITY OF ANAHEIM EXHIBIT "A" That portion of the Northeast quarter of the Northeast quarter of Section 19, Township 4 South, Range 10 West, in the Rancho Los Coyotes, as per map recorded in book 51, page 10 of Miscellaneous Maps, in the office of the County Recorder of said County, described as follows: Beginning at a point on the North line of said Northeast quarter, Westerly 175.00 feet from the Northeast corner of said Section; thence Westerly 249.25 feet along said North line to the Northeast corner of the land conveyed to Fred G. Dalstrom, et ux., by deed recorded February 17, 1932 in book 530, page 480 of Official Records; thence South 250.00 feet to the Northwest corner of Tract No. 2473, recorded in book 72, pages 27 and 28 of said Miscellaneous Maps; thence East 249.25 feet to the Northeast corner of said Tract; thence North 250.00 feet to the point of beginning. Said land is shown on a map filed in book 54, page 3 of Record of Surveys, in the office of the County Recorder of said County. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, SHERYLL SCHROEDER, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 2003R -94 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 3rd day of June, 2003, by the following vote of the members thereof: AYES: MAYOR/COUNCIL MEMBERS: Hernandez, McCracken, Chavez NOES: MAYOR/COUNCIL MEMBERS: None ABSTAINED: MAYOR/COUNCIL MEMBERS: Pringel, Tait ABSENT: MAYOR/COUNCIL MEMBERS: None CITY CLERK OP THE CITY OF ANAHEIM (SEAL)