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RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF ORANGE <br />APPROVING PROPERTY TAX EXCHANGE AGREEMENT BETWEEN THE CITY OF <br />SANTA ANA AND THE COUNTY OF ORANGE REGARDING THE 17" STREET AND <br />TUSTIN ISLAND ANNEXATION TO THE CITY OF SANTA ANA <br />September 24, 2019 <br />WHEREAS, California Revenue and Taxation Code Section 99 allows cities and counties <br />to adopt and approve property tax exchange agreements to set forth the exchange of such revenues <br />following the annexation to a city of previously unincorporated territory; and <br />WHEREAS, in October 1980, the City of Santa Ana ("City") and the County of Orange <br />("County") entered into the "Master Property Tax Transfer Agreement Between the County of <br />Orange and the City of Santa Ana to Provide for Property Tax Exchange in Areas Annexed by the <br />City" ("Master Property Tax Transfer Agreement') that determined the property tax allocation <br />between the parties for existing and future annexations of county islands to the City of Santa Ana; <br />and <br />WHEREAS, the Master Property Tax Transfer Agreement allocates of the 1% basic levy <br />property tax generated within the area to be annexed as follows: 58.5285% to the City and <br />41.4715% to the County; and <br />WHEREAS, the City shall receive one hundred percent (100%) of the Orange County <br />Public Library Fund generated from the proposed annexation area as the City operates its own <br />library system; and <br />WHEREAS, the Structural Fire Fund will remain unchanged as the City is a member of <br />the Orange County Fire Authority; and <br />WHEREAS, the City has filed an application with the Local Agency Formation <br />Commission to annex approximately 25 acres of unincorporated territory referred to as the 17rh <br />Street and Tustin Island; and <br />WHEREAS, the proposed 17`h and Tustin Island annexation area is generally located north <br />of East 17`h Street, east of North Tustin Avenue and Ponderosa Street, south of Catalina Avenue <br />and west of the SR-55 Costa Mesa Freeway; and <br />WHEREAS, the Master Property Tax Transfer Agreement requires the parties to make a <br />determination whether the property proposed for annexation is developed/substantially developed <br />or undeveloped depending upon its percentage of residential development and public <br />infrastructure; and <br />Resolution 19-093, Item 37 Page 1 of 2 <br />17111 Street and Tustin Island Annexation to the City of Santa Ana <br />