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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, ADOPTING FISCAL YEAR 2007-08 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 population, and (2) the percentage change in California per capita personal income will be used to establish the 2007-08 appropriation limit; and WHEREAS, selecting these growth factors will result in a new limit for 2007-08 of $336, 349,156. 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 2007-08 for determining the City's Proposition 4 appropriations limit are (1) the percentage change in the City population and, (2) the percentage change in California per capita personal income. Section 2: The appropriation limit for fiscal year 2007-08 is $336,349,156. Section 3: This resolution shall become effective immediately upon its passage and adoption. Section 4: City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 15, 2007. 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, by the following vote: Ayes: Noes: Absent: Abstain: Karen Diaz, City Clerk APPROVED AS TO FORM: Michael H. Roush, City Attorney