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HomeMy WebLinkAbout08-44 - Determining and Adopting Appropriations Limit for FY 2008-2009RESOLUTION NO. 08-44 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, DETERMINING AND ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2008-2009, IN ACCORDANCE WITH ARTICLE XIII -B OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AS AMENDED BY PROPOSITION 111 AND SENATE BILL 88. THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, Article XIII -B was added to the Constitution of the State of California at a general election held on November 6, 1979; and WHEREAS, Article XIII -B was subsequently modified by Proposition 111 -and Senate Bill 88 (Chapter 60/90) at a general election held on June 5, 1990; and WHEREAS, in accordance with Section 7910 of the Government Code of the State of California, an annual appropriations limit must be established for this City effective for the fiscal year beginning July 1, 2008; and WHEREAS, the City has chosen to use the California per capita income percentage change of 4.29% and the County's population growth rate of 1.02%. as the factors to be used in calculating its appropriations limit for Fiscal Year 2008-2009; and WHEREAS, these factors are applied to the City's adopted appropriations limit for Fiscal Year 2007-2008 in determining the City's appropriations limit for Fiscal Year 2008-2009; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa Mesa as follows: The appropriations limit for Fiscal Year . 2008-2009 is established at $163,517,932.00. PASSED AND ADOPTED this 17th day of June, 2008. Eric R. Bever-, Mayor ATTEST: JulW Folclk, City Clerk APPROVED AS TO FORM: Kimberly Tall Barlow, City Attorney 2 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ). I, JULIE K, City Clerk of the City of Costa Mesa, DO HEREBY. CERTIFY that the above and foregoing is the original of Resolution No. 08-44 and was duly passed and adopted by the City Councilof the City of Costa Mesa ata regularmeeting held on the 17th day of June, 2008, by the following roll call vote, to wit: . AYES: COUNCIL MEMBERS: MANSOOR, DIXON, FOLEY, LEECE NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: BEVER IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of.the City of Costa Mesa this 18th day of June, 2008. CIZZ) JULjt FOLCIK, ITY CLERK 3