HomeMy WebLinkAboutResolution 49-95 RESOLUTION NO. 49-95
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADEREO ADOPTING THE FISCAL YEAR 1995-96
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 the annual 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 1995-96, in
establishing its new Annual Spending Limit :
City Population and California Per Capita Income
Section 2 . That the annual spending limit is calculated
as follows :
CURRENT LIMIT PERCENTAGE CHANGE NEW LIMIT
$6, 519, 966 9 . 380-o $7, 131, 539
SECTION 3 . 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 Finance
Department, Administration Building, 6500 Palma Avenue,
Room 203 , Atascadero, California.
On motion by Councilmember Carden, and seconded by Council-
member Highland, the foregoing resolution is hereby adopted in its
entirety on the following roll-call vote:
AYES: Councilmembers Carden, Highland, Johnson, Luna and Mayor
Bewley
NOES: None
ABSENT: None
ADOPTED: June 13 , 1995
ATTE CIWbAI4D
ASC
r
By:
R. EWLEY, May
LEE ICE, C y Cler
Resolution No. 49-95
Page 2
APPROVED AS TO FORM:
Art er Monta don, City Attorney