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RESOLUTION NO. 6309
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA
ESTABLISHING AN APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2002-2003 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 of the proceeds of taxes to the amount of such appropriations 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 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 Article XIII-B of the California Constitution, the City is
required to set its appropriation limit for each fiscal year, and has made available to the
public the documentation used in the determination of said appropriation limit.
6309
NOW, THEREFORE, THE CITY COUNCil OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOllOWS:
SECTION 1. That the appropriation limit for fiscal year 2002-2003 for the City of
Arcadia shall be and is hereby set in the amount of $49,266,562.
SECTION 2. That the City Clerk shall certify to the adoption of this Resolution.
p''''''. 'PP'~" '0' ""opt'" th;, 18th :1;2002. ~
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/Mayor of the City f Arcadia
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Approved as to form:
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Stephen P. Deitsch, City Attorney
,
6309
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6309 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 18th day of June, 2002 and that said Resolution
was adopted by the following vote, to wit:
AYES: Council member Chang, Kovacic, Segal, Wuo and Marshall
NOES: None
ABSENT: None
AD
lerk of the
of Arcadia
6309