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HomeMy WebLinkAbout5611 RESOLUTION NO. 5611 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA ESTABLISHING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1991-92 PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION WHEREAS, Article XIIIB of the Constitution of the State of California imposes upon units of state and local government, including 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 provisions of Proposition III and SB88 (Chapter 60/90) implemented revised annual adjustment factors to be applied to the 1986-87 limit and each year in between in order to calculate the 1990-91 limit; 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 5611 WHEREAS, the city of Arcadia has opted to use, as the population adjustment factor, the growth in the population of the County of Los Angeles in lieu of the growth in the population of the city; and WHEREAS, pursuant to said Article XIIIB of said 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 limi t ; 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 1991-92 shall be and is hereby amended to be set in the amount of $28,888,107: SECTION 2. That the City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 6th day of August 1991, ~kr~ Mayor of the City of Arcadia Attest: 9'~d,{) City Clerk of f Arcadia 5611 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certify that the foregoing Resolution No. 5611 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 6th day of August, 1991 and that said Resolution was adopted by the following vote, to wit: AYES: Councilmember Ciraulo, Fasching, Young, Harbicht and Gilb NOES: None A8SENT: None Arcadia 5611