It’s a new day in Anaheim.

In a historic move, the leadership of the Disneyland Resort recently asked us to mutually end two agreements that have strained the relationship between our city’s residents and our largest business.

Our City Council unanimously concurred, voting on Tuesday to dissolve the agreements and push the reset button on our 60-plus-year relationship with Disney.

I have long voiced my opposition to these two agreements. They have been a source of anger and divisiveness throughout our city.

One would have given Disney a $267 million subsidy to build a luxury hotel.

The second would have undermined our ability, should the need ever arise, to implement a gate tax on visitors to the park for 45 years.

I’m not proposing a new tax in Anaheim. But I’m equally leery about tying the hands of future voters who may have to face hard decisions if confronted by a financial crisis.

Down the road, we will need to look at new options to pay our bond debt, other existing hotel subsidies and unfunded pension obligations, which will inevitably come home to roost.

For decades, our relationship with Disney has been one of mutual benefit and shared success.

The Disneyland Resort is beloved by visitors and locals alike, and the revenue it generates helps us serve Anaheim’s residents.

But the two agreements, by all accounts, marred that relationship.

We’ve now taken a dramatic step in the right direction. I applaud Disney’s leaders for doing the right thing. I deeply appreciate their good, wise and bold action.

Some will say this was a calculated move by Disney to avoid an impending ballot initiative, which, if passed, would bring higher wages to employees at Anaheim hotels that receive city subsidies.

Others will argue Disney canceled the agreements because its planned hotel was no longer eligible for a subsidy because of a change in the project’s location.

These may well be considerations. But I believe Disney wants to do what is right for the residents of the city it calls home, for its shareholders, guests and, ultimately, for its employees.

It’s clear to me Disney shares my desire to bring the city together to address challenges ahead, regardless of any past differences.

Based on recent progress, I’m even optimistic about the efforts of Disney and its workers to come to terms on pay and other outstanding issues.

Disney didn’t have to do what it did in canceling the subsidy agreements. The company had a business plan based on getting those subsidies. I know giving them up was not an easy decision.

But doing good also just happens to be very good for business.

Today’s most admired companies resonate with people who want more than just a quality product. People want to feel positive about the great products and services that shape their lives. Corporations that make that possible build customer loyalty that goes beyond fleeting trends and tastes.

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Police reform is too important to be held up by politics Disney’s rejection of these subsidy agreements can be trendsetting. Other businesses will see this as a strong and magnanimous move. Embracing your community with kindness and respect instills pride in employees, creates goodwill and fosters a stronger brand.

Disney, of course, already has incredible admiration for the unsurpassed experiences and values it fosters here in Anaheim and across the world. Its move to give up decades of ticket-tax exemption and a hotel-tax subsidy will only bolster the company’s positive image.

I want Disney to know we as a city appreciate the good thing they did. And I want residents to know the true magnitude of what Disney’s decision will do for them. With this impasse behind us, I’m excited to work together with Disney to enhance the well-being and prosperity of the people of Anaheim.

Cooperation and goodwill will get us further than conflict. Today, we move forward with renewed respect and appreciation.

Tom Tait is mayor of Anaheim.