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HomeMy WebLinkAboutResolution 82-93 RESOLUTION NO. 82-93 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ATASCADERO ADOPTING THE FISCAL YEAR 1993-94 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 appropriate criteria to be used in calculating that new limit; 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 1993-94, in establishing its new Annual Spending Limit: County Population and California Per Capita Income. Section 2. That the Annual Spending Limit is calculated as follows: FISCAL YEAR CURRENT LIMIT PERCENT CHANGE NEW LIMIT 1993-94 $6,014,350 0.466% $6,294,619 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 Limit 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 Councilmember Bewley, the foregoing resolution is hereby adopted in its entirety on the following roll call vote: AYES: Councilmembers Bewley, Luna, Nimmo and Mayor Kudlac NOES: None ABSENT: Councilmember Borgeson Resolution No. 82-93 Page 2 ADOPTED: July 13, 1993 CITY OF ATASCADERO ATTEST: BY: ART KUDLAC, Mayor w LEE RABOIN, 4ty Clerk APPROVED AS TO FORM: ARTHER R. M04TAND*QN, City Attorney APPROVED AS TO CONTENT: MARK JOS PH, Administrative Services Director