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~,~~,,~~ CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 98-72 <br /> <br /> RESOLUTION ADOPTING FISCAL YEAR 1998-99 <br /> APPROPRIATION LIMIT <br /> <br />WHEREAS, Article XIII of the State of California Constitution (Proposition 4 on the <br /> November 6, 1979 ballot) requires that each year the goveming body of each local <br /> agency establish its appropriation limit for the following year; and <br /> <br />WHEREAS, Proposition 111, passed by the voters in June of 1990, expands the choices for <br /> making annual adjustments to the appropriation limit based on various growth <br /> factors; and <br /> <br />WHEREAS, the City Council has determined that the growth factors of (1) the percentage <br /> change in the City population, and (2) the percentage change in the local <br /> assessment roll due to local nonresidential construction will be used to establish <br /> the 1998-99 appropriation limit; and <br /> <br />WHEREAS, selecting these growth factors will result in a new limit for 1998-99 of <br /> $125,729,409. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: The Proposition 111 growth factors selected for 1998-99 are (1) percentage change <br /> in the City population and, (2) the percentage change in the local assessment roll <br /> due to local nonresidential construction. <br /> <br />Section 2: The appropriation limit for fiscal year 1998-99 is $125,729,409. <br /> <br />Section 3: This resolution shall become effective immediately upon its passage and adoption. <br /> <br /> <br />