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Resolution No. 2943355 RESOLUTION NO. 2943 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS COMMENCING PROCEEDINGS FOR MUNICIPAL REORGANIZATION NO. 78, AND AGREEING TO THE EXCHANGE OF PROPERTY TAXES IN CONJUNC- TION WITH THE REORGANIZATION OF CERTAIN TERRITORY FORMING THE COMMON SPHERE OF INFLUENCE AND BOUNDARY LINES BETWEEN THE CITY OF LA PALMA, AND THE CITY OF CYPRESS WHEREAS, the City Councils of La Palma and Cypress have reached agreement as to the present and ultimate boundaries of said cities and desire to reorganize their carman boundary; and WHEREAS, the City of La Palma has consented to be the lead agency in the processing of a reorganization consisting of the transfer of jurisdiction of ter- ritory within the existing incorporated limits of the Cities of La Palma and Cypress; and WHEREAS, the subject proposal is made for the purpose of establishing identi- fiable boundaries, mutuality of interests, and enabling the planning and develop- ment of the subject territory in accordance with mutually acceptable goals and objectives; and WHEREAS, Section 99(b) of the Revenue and Taxation Code requires the adoption of a resolution by local agencies agreeing to the exchange of property tax revenues prior to the Executive Officer of the Local Agency Formation Ccxamission issuing a certificate of filing for a municipal reorganization; and WHEREAS, the Cities of La Palma and Cypress have mutually agreed to the align- uient of their Spheres of Influence and to the transfer of jurisdiction of incorpor- ated territory to obtain consistency of jurisdictional boundaries within and along the comiun Sphere of Influence line, as shown on and defined by the attached loca- tion map. NOW, THEREFORE, TILE CITY COUNCIL OF THE CITY OF CYPRESS HEREBY RESOLVES AS FOLLOWS: SECTION 1. The City Council of the City of Cypress approves the application for commencement of reorganization proceedings for said territory pursuant to Chapter 2, Article 4, Section 35140 of the Municipal Organization Act of 1977, and requests that the Tical Agency Formation Commission authorize the City of La Palma to initiate proceedings. SECTION 2. That subject territory is more fully defined by the attached legal description (Exhibit "A"), and map (Exhibit "B"). SECTION 3. That the tax revenues subject to negotiations accruing to the City of Cypress for that territory currently within the jurisdiction of the City of Cypress shall be allocated in total to the City of La Plana in accordance with the historical allocation of such funds within the City of La Palma, as determined by the County Auditor to the extent such property is to be included within the City of La Palma pursuant to this reorganization. SECTION 4. The City Council of the City of La Palma to be the lead agency in the processing APPROVED AND ADOPTED by the City Council of meeting held on the 24th day of June, 1985. ATTEST: / CLERK Lt/ CITY CLERK OF THE CI OF CYPRESS STATE OF CAL IIURNIA) SS COUNTY OF ORANGE ) Cypress approves the City of of reorganization. the City of Cypress at a regular 356 I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 24th day of June 1985; by the following roll call votes: AYES: 3 COUNCIL MEMBERS. Coronado, Mullen, and Lacayo NOES: 0 COUNCIL MEMBERS: None ABSENT: 2 COUNCIL MEMBERS: Partin and Kanel ) �19r+' OF CITY CL OF E CITY OF CYPRESS