HomeMy WebLinkAbout6775 RESOLUTION NO. 6775
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, ESTABLISHING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2011 -2012
PURSUANT TO ARTICLE XIII -B OF THE CALIFORNIA
CONSTITUTION
WHEREAS, Article XIII -B of the Constitution of the State of California imposes
upon the City of Arcadia, as well as all cities, the obligation to limit each fiscal year's
appropriations as those in fiscal year 1978 -79 as adjusted for subsequent inflation and
population changes; and
WHEREAS, the City of Arcadia has opted to use, as the inflation adjustment
factor, the percentage change in California per capita personal income in lieu of the
growth in the non - residential assessed valuation; and
WHEREAS, at the time the appropriations limit calculations were prepared for
purposes of this Resolution, the data necessary to calculate the increase in the non-
residential assessed valuation was generally not available from the County Assessor;
and
WHEREAS, there exists a possible need to adjust the appropriations limit once
the assessment data is available, and consequently this Resolution is being adopted on
a provisional basis; and
WHEREAS, the City of Arcadia has opted to use, as the population adjustment
factor, the growth in the population of the City of Arcadia in lieu of the growth in the
population of the County of Los Angeles; and
WHEREAS, for purposes of setting its appropriation limit for the next fiscal year,
the City has made available to the public the documentation used in the determination
of said appropriation limit.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit for fiscal year 2011 -2012 for the City of
Arcadia shall be and is hereby set in the amount of $65,977,512.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 7th day of June, 2011.
i
• ✓s:, •
M/or of 7 e Cit of Arcadia
ATTEST:
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City Clerk
APPROVED AS TO FORM:
•
S-64,1„ V 6-eA,w_e
Stephen P. Deitsch
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 6775 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 7th day of June, 2011 and that said Resolution was adopted by the
following vote, to wit:
AYES: Council Members Amundson, Chandler, Harbicht, Segal and Kovacic
NOES: None
ABSENT: None
ity Clerk of the City of Arcadia
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6775