HomeMy WebLinkAbout5737
RESOLUTION NO. 5737
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA ESTABLISHING AN APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1993-94 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 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
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 l. That the appropriation limit for Fiscal Year
1993-94 shall be and is hereby amended to be set in the amount of
$30,204,749;
SECTION 2. That the City Clerk shall certify to the
adoption of this Resolution.
Passed, approved and adopte 1993.
\
f the City of Arcadia
Attest:
5737
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. 5737 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 City Council held on the 6th day of July, 1993 and that said
Resolution was adopted by the following vote, to wit:
AYES: Councilmember Fasching, Harbicht, Lojeski, Margett
and Ciraulo
NOES: None
ABSENT: None
rcadia
5737