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HomeMy WebLinkAboutResolution 51-91 RESOLUTION NO. 51-91 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO ADOPTING THE FISCAL YEAR 1991-92 ANNUAL SPENDING LIMIT. WHEREAS, Proposition 111 revises the methodology used to calculate the Annual Spending Limit; and WHEREAS, the City of Atascadero must select the most appro- priate criteria to be used in calculating the new limits; THEREFORE, BE IT RESOLVED by the City Council of the City of Atascadero: Section 1. That the City of Atascadero elects to use the following criteria for fiscal year 1991-92, in establishing it a new Annual Spending Limit: County Population and California Per Capita Income. Section 2. That the Annual Spending Limit is calculated as follows: FISCAL YEAR PERCENT CHANGE NEW LIMIT 91-92 7.31% $5,984,428. Section 3. That any judicial action or challenge must be commenced within 45 days of the effective date of this Resolution. Section 4. Documentation used in determining the Annual Spending Limits is available to the public in the Office of the Administrative Services Director, Administration Building, Room 203, 6500 Palma Avenue, Atascadero, CA. On motion by Councilmember Nimmo , and seconded by Coun- cilmember Lilley , the foregoing resolution is hereby adopted in its entirety on the following roll call vote: AYES: Councilmembers Borgeson, Dexter, Lilley, Nimmo and Mayor Shiers NOES: None ABSENT: None ADOPTED: 6/25/91 Resolution No. 51-91 Page 2 of 2 CITY OF ATASCADERO By: Qedx, v l / .32 'on.a- ALDEN F. SHIERS, Mayor ATTEST: LEE RABOIN, City Clerk By: Cindy Wilkins, Deputy City Clerk APPROVED AS TO FORM: AR7T1'E'R `MO1fTAbD6N, V1ty Attorney APPROVED AS TO CONTENT: MARK JOSE H, Director of Administrative Services