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RESOLUTION NO. 6356
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA, CALIFORNIA ESTABLISHING AN
APPROPRlA TIONS LIMIT FOR FISCAL YEAR 2003-2004
PURSUANT TO ARTICLE XIlI-B OF THE CALIFORNIA
CONSTITUTION
WHEREAS, Article XIlI-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
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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.
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 2003-2004 for
the City of Arcadia shall be and is hereby set in the amount of $51,030,305.
SECTION 2. That the City Clerk shall certify to the adoption of this
Resolution.
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Passed, approved and adopted this 17th day of June
,2003.
ATTEST:
APPROVED AS TO FORM:
~P./~
City Attorney
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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. 6356 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 17th day of June 2003 and that said Resolution
was adopted by the following vote, to wit:
A YES: Council Members Kovacic, Marshall, Segal, Wuo and Chang
NOES: None
ABSENT: None
of Arcadia
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