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2028; to wit the CITY to receive 58.5285% and the COUNTY to receive <br /> 41.4715%. <br /> <br />3. Road Fund Transfer. <br /> <br /> Upon completion of the annexation of the County island by the CITY, the <br />COUNTY will transfer to the CITY $176,000 of County Road Funds to be used for storm <br />drain improvements along 17th Street that are not covered by developer contributions, as <br />well as for currently scheduled slurry sealing projects on Ponderosa Street, Pasadena <br />Street, Medford Street and Deodara Street, and for the currently scheduled asphalt project <br />on Tustin Avenue. <br /> <br />4. Permit Processing. <br /> <br /> (a) In consideration of annexation, either CITY or COUNTY may process new <br /> <br />development in the COUNTY island, including related discretionary approvals. Pursuant <br />to the provisions of Government Code sections 65859 and 56375, the CITY may prezone <br />the subject area in order to apply its own zoning laws, procedures and standards to <br />approval of proposed new development. Except as may be provided in this Agreement, <br />the zoning of the COUNTY island adopted by the CITY shall become effective on the <br />date of annexation. Except to the extent the unincorporated territory is prezoned, the <br />County shall retain its independent land use authority over the property prior to <br />annexation. <br /> <br /> (b) CITY and COUNTY each agree to consider the standards, roles and <br />comments of the other relating to the project. In the event of approvals by the CITY or <br />COUNTY inconsistent with the standards, roles and comments of the other, the County <br />Executive Officer or designee on behalf of the County, and the City Manager or designee <br />on behalf of the City shall meet to resolve the matter. <br /> <br /> <br />