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RES-2010-038RESOLUTION NO. 2010 -038 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING PROPERTY TAX EXCHANGE AGREEMENT BETWEEN THE CITY OF ANAHEIM AND THE COUNTY OF ORANGE REGARDING THE BROADWAY /THISTLE ISLAND ANNEXATION (RO 10- 01) TO THE CITY OF ANAHEIM. WHEREAS, twenty (20) landowners filed petitions with the Local Agency Formation Commission for annexation of unincorporated territory located in the City of Anaheim's sphere of influence; and WHEREAS, the proposed annexation is substantially surrounded by the City of Anaheim (also referred to herein as "City "), and is generally located to the west of Brookhurst Avenue, to the east of Rosebay Street, south of Broadway Avenue, and north of Clearbrook Street; and WHEREAS, a map depicting the area of Annexation No. RO 10 -01 is attached hereto and designated as the Broadway /Thistle Area Vicinity Map; 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 shall receive 100% of the Structural Fire Fund and 100% of the Library Fund generated in the annexed areas upon annexation; and WHEREAS, the County and City staffs have reached agreement, subject to City Council and Board approval, regarding the exchange of property tax as a result of the annexation of the Broadway /Thistle Island unincorporated area by the City, whereby upon annexation by the City, the City shall receive 42.4742% of the property tax and the County of Orange (also referred to herein as "County ") shall receive 57.5258% of the County's share of the 1% basic levy of property tax generated within the area to be annexed, pursuant to Master Property Tax Transfer Agreement 80 -2034; and WHEREAS, the City staff and the County Staff desire to have the same adopted and approved by their respective governing bodies. 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 Broadway /Thistle Island unincorporated area to the City of Anaheim, City shall receive 42.4742% and the County of Orange shall receive 57.5258% of the County's share of the 1% basic levy of property tax from the annexed area pursuant to Master Property Tax Transfer Agreement 80 -2034. BE IT FURTHER RESOLVED that the City of Anaheim will receive 100% of the Structural Fire Fund and 100% of the Library Fund generated in the annexed areas upon annexation. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 13th day of April , 2010, by the following roll call vote: AYES: Mayor Pringle, Council Members Sidhu, Hernandez, Galloway, Kring NOES: NONE ABSENT: NONE ABSTAIN: NONE CITY OF ANAHEIM By: ei 4 lleo o MAYOR OF THE el'TY OF ANAHEIM ATTEST: AA CITY CERK OF THE CITY O ANAHEIM 76603.vl /MGordon 2 Broadway /Thistle Area 1/11/2010 Broadway /Thistle Area Vicinity Map Thistle Island Boundary Consenting as of 1/11/2010 Anaheim City Boundary Unincorporated