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RESOLUTION NO. 5868
A RESOLUTION OF THE CITY COUNCil OF THE CITY
OF ARCADIA ESTABLISHING AN APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1995-96 PURSUANT TO
ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION
WHEREAS, Article XIIIB of the Constitution of the State of California imposes upon
this City, the obligation to limit each fiscal year's appropriations of the proceeds of taxes
to the amount of such appropriations in fiscal year 1978-79 as adjusted for inflation and
population; and
WHEREAS, the City of Arcadia has opted to use as the inflation adjustment factor,
the percentage change in California per capital personal income in lieu of the growth in the
non-residential assessed valuation due to new construction within the City; and
WHEREAS, at the time the appropriations limit calculations were prepared, 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, pursuant to said Article XIIIB of said California Constitution, the City
is required to seUts appropriation limit for each fiscal year, and has made available to the
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public the documentation used inthe determination of said appropriation limit;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the appropriation limit for Fiscal Year 1995-96 shall be and is
hereby amended to be set in the amount of $33,242,743;
SECTION 2. That the City Clerk shall certify to the adoption of this Resolution.
I ~ tlL
Ci lerk of the C'
~
Passed, approved and adopted this 11th
ity of Arcadia
Jrld~ -
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, June Alford, City Clerk of the City of Arcadia, hereby certify that the foregoing
Resolution No. 5868 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
. on the 11 th day fo July, 1995 and that said Resolution was adopted by following vote, to
wit:
AYES: Councilmember Chang, Kuhn, Young, Ulrich and Lojeski
NOES: None
ABSENT: None
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