RES 17952 - Laserfiche WebLink

RESOLUTION NO. 17-952 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, ADOPTING THE FISCAL YEAR 2017/18 APPROPRIATIONS LIMIT WHEREAS, Article XIIIB of the State of California Constitution (Proposition 4 on the November 6, 1979 ballot) requires that each year the governing body of each local agency establish its appropriations limit for the following year; and WHEREAS, Proposition 111, passed by the voters in June of 1990, expands the choices for making annual adjustments to the appropriations limit based on various growth factors; and WHEREAS, the City Council has determined that the growth factors of (1) the percentage change in the City's population, and (2) the percentage change in local non- residential construction in the City will be used to establish the 2017/18 appropriation limit; and WHEREAS, selecting these growth factors will result in a new limit for 2017/18 of $596,180,303. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1: The Proposition 111 growth factors selected for fiscal year 2017/18 for determining the City's Proposition 4 appropriations limit are (1) the percentage change in the City's population and, (2) the percentage change in local non-residential construction in the City. SECTION 2: The appropriation limit for fiscal year 2017/18 is $596,180,303. SECTION 3: This resolution shall become effective immediately upon its passage and adoption. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on June 20, 2017. I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 20'h day of June, 2017, by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin, Mayor Thorne Noes: None Absent: None Abstain: None 411111•A � s - ar- ,', i ia,r. APPROVED AS TO FORM: niel Soderg n, City fmrrey