RES 91099 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 91-99 RESOLUTION AMENDING FISCAL YEAR 1990-91 APPROPRIATION LIMIT AND ADOPTING FISCAL YEAR 1991-92 APPROPRIATION LIMIT ON A PROVISIONAL BASIS 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 1990-91 appropriation limit can be modified to derive the benefit of the new growth factors, going back to the 1986-87 year as a base to apply the new factors; 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 roll due to the addition for non-residential construction in the city will yield the highest net increase in the appropriation limit; and WHEREAS, selecting these growth factors and applying them back to fiscal year 1986-87 will change the 1990-91 appropriation limit from $30,785,144, adopted on June 5, 1990, to a new limit of $52,803,755 and the limit for the 1991-92 will be $59,858,337; and WHEREAS, the appropriation limit should be adopted on a provisional basis as the City and the state legislature continue to evaluate all of the effects of Proposition 111. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The Proposition 111 growth factors selected are (1) the percentage change in the city population, and (2) the percentage change in the local roll due to non- residential construction in the city. Section 2: The appropriation limit for fiscal year 1990-91 is amended from $30,785,144 to $52,803,755 on a provisional basis.