Resolution No. 2549066
RESOLUTION NO. 2549
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
PERTAINING TO PROPERTY TAX ALLOCATION FOR THE CRESCENT
AND WALKER STREET ANNEXATION NO. 82-1.
WHEREAS, certain property was annexed to the City of Cypress pursuant
to the provisions of Resolution No. 2539, known as Crescent and Walker
Street Annexation No. 82-1; and
WHEREAS, as a part of the approval of said annexation by the Local
Agency Formation Commission, it was determined that a detachment was required
from the Cypress County Water District; and
WHEREAS, the County of Orange has determined that a tax reallocation is
required in conjunction with the above -referenced detachment.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CYPRESS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. Pursuant to Section 99 (c) of the Revenue and Taxation
Code of the State of California, the City of Cypress hereby requests that
all property tax revenues,which would have accrued pursuant to Revenue and
Taxation Code Section 97.5 to the Cypress County Water District within the
territory annexed to the City of Cypress had it remained within said district,
shall be reallocated to the City of Cypress, 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.
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
Executor 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 AND ADOPTED by the City Council of the City of Cypress at a
regular meeting held on the 23rd day of August 1982.
MAYOR OF THE CITY OF CYPRESS
ATTEST:
CITY CLERK OF THE CITY 4F CYPRESS
STATE OF CALIFORNIA ) SS
COUNTY OF ORANGE )
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 23rd day of August 1982, by the following
roll call vote:
AYES: 5 COUNCIL MEMBERS:
NOES: 0 COUNCIL MEMBERS:
ABSENT: 0 COUNCIL MEMBERS:
Coronado, Lacayo, Partin, Rowan, and Mullen
None
None
CITY CLERK OF THE CITY OF CYPRESS