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shown in Exhibit 1 (LAFCO Application No. RO 03-13), and its annexation to the City of <br />Garden Grove. <br /> <br /> Section 3. The City of Santa Ana hereby accepts the Revenue Impact <br />Analysis report dated October 7, 2003 from the Auditor-Controller of the County of <br />Orange and agrees to exchange with the City of Garden Grove one hundred percent <br />(100%) of the property tax revenue identified in the report, which is the rate of <br />0.19054945505 or $824.85 in current year revenues. This transfer will take effect only <br />upon final LAFCO approval and the formal detachment and annexation of the property. <br /> <br /> Section 4. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. The Clerk shall cause a certified copy of this Resolution to be <br />forwarded to LAFCO and the Auditor-Controller of the County of Orange. <br /> <br />ADOPTED this 17th day of November, 2003. <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br /> <br />Bc'nj~min K?~/fman <br /> t-rr'ef Assistant City Attorney <br /> <br />AYES: <br /> <br />Councilmembers: <br /> <br />NOES: <br /> <br />ABSTAIN: <br /> <br />NOT PRESENT: <br /> <br />Councilmembers: <br />Councilmembers: <br />Councilmembers: <br /> <br />Resolution No. 2003-085 <br />Page 2 of 4 <br /> <br />Alvarez, Bist, Christy, Garcia, Pulido, <br />Solorio (6) <br /> <br />None (0) <br /> <br />None (0) <br /> <br />Franklin (1) <br /> <br /> <br />