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RESOLUTION NO. 14-697 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> ADOPTING THE FISCAL YEAR 2014/15 APPROPRIATIONS LIMIT <br /> WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the <br /> November 6, 1979 ballot) requires that each year the governing body of each local agency <br /> establish its appropriations limit for the following year; and <br /> WHEREAS, Proposition 111, passed by the voters in June of 1990, expands the choices <br /> for making annual adjustments to the appropriations limit based on various growth factors; and <br /> WHEREAS, the City Council has determined that the growth factors of (1) the <br /> percentage change in the City's population, and (2) the percentage change in the local <br /> assessment roll due to non-residential construction will be used to establish the 2014/15 <br /> appropriation limit; and <br /> WHEREAS, selecting these growth factors will result in a new limit for 2014/15 of <br /> $496,314,235. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: The Proposition 111 growth factors selected for fiscal year 2014/15 for <br /> determining the City's Proposition 4 appropriations limit are (1) the percentage change in the <br /> City's population and, (2) the percentage change in the local assessment roil due to non- <br /> residential construction. <br /> SECTION 2: The appropriation limit for fiscal year 2014/15 is $496,314,235. <br /> SECTION 3: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on June 17, 2014. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 17th of June, 2014, <br /> by the following vote: <br /> Ayes: Councilmembers Brown, Cook-Kallio, Narum, Pentin, Mayor Thorne <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> IA ' ter <br /> Karen Diaz, City CI <br /> APPROVED AS TO FORM: <br /> Jonathan P. Lowell, City Attorney <br />