RES 93062 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 93-62 RESOLUTION ADOPTING FISCAL YEAR 1993-94 APPROPRIATION 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 appropriation 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 appropriation limit based on various growth factors; and WHEREAS, the Alameda County Assessor's Office has provided the City with updated growth factors for assessed values due to nonresidential construction for 1992-93 which increase the appropriations limit for that year; and WHEREAS, City Council has determined that the growth factors of (1) the percentage change in the city population, and (2) the percentage change in the local assessment roll from the preceding year due to the addition of local nonresidential construction will yield the highest net increase in the 1993-94 appropriation limit; and WHEREAS, selecting these growth factors will result in a new limit for 1993-94 of $83,675,015. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The appropriations limit for 1992-93 is amended from $62,635,213 to $75,274,393. Section 2: The Proposition Ill growth factors selected for 1993-94 are (1) the percentage change in the City population and (2) the percentage change in the local assessment roll from the preceding year due to the addition of local nonresidential construction. Section 3: The appropriation limit for fiscal year 1993-94 is $83,675,015.