Resolution No. 2497460
a49
RESOLUTION NO 2497
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CYPRESS CONCURRING TO A PROPERTY TAX RATIO
DISBURSEMENT AGREEMENT WITH THE COUNTY OF ORANGE
THE CITY COUNCIL OF THE CITY OF CYPRESS DOES ORDAIN AS FOLLOWS
WHEREAS, it is the desire of the City of Cypress to annex into
boundaries a certain unincorporated island within its sphere of
influence, to be known as Annexation No 82-1, and
WHEREAS the Cypress City Council has filed a Negative Declaration
of Environmental Impact pursuant to the requirements of the California
Environmental Quality Act and
WHEREAS an agreement has been reached between the City of Cypress
and County of Orange as to disbursement of property tax revenue from
said County Island
NOW, THEREFORE, BE IT RESOLVED as follows.
1 That the City of Cypress agrees to a property tax ratio split
with the County of Orange at the rate of the City receiving
46 882441109% of property tax revenues and the County of
Orange receiving 53 117558891% of property tax revenues
2 The City of Cypress shall not levy any additional debt service
tax against properties located within the annexation area
3 The Mayor of the City of Cypress is hereby authorized to
execute said property tax agreement pursuant to these terms
PASSED AND ADOPTED by the City Council of the City of Cypress at
a regular meeting held on the 8th day of March 1982
ATTEST
7
CITY CLERK 'F THE TY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
MAYOR OF THE CITY OF CYPRESS
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 8th day of March 1982
by the following roll call vote
AYES 4 COUNCIL MEMBERS Lacayo, Partin, Rowan, and Mullen
NOES 0 COUNCIL MEMBERS None
ABSENT 1 COUNCIL MEMBERS Coronado
CITY CLER OF THE CITY OF CYPRESS