HomeMy WebLinkAbout2006-072 RESOLUTION NO 2006-072
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ATASCADERO, CALIFORNIA, ADOPTING THE FISCAL YEAR
2006-2007 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.
NOW, 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 2006-2007 in establishing its new Annual Spending Limit
County Population and
Increase in Non-Residential Assessed Valuation due to New Construction
1r SECTION 2. That the annual spending limit for 2006-2007 is calculated as follows
Fiscal Year Percentage Change New Limit
2006-2007 66655% $15,386,461
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 Administrative Services Department, 6907 El Camino Real,
Atascadero, California.
City of Atascadero
Resolution No.2006-072
Page 2 of 2
On motion by Council Member Luna and seconded by Council Member Clay, the foregoing
Resolution is hereby adopted in its entirety on the following roll call vote-
AYES Council Members Clay, Luna, Pacas and Mayor O'Malley
NOES None
ABSENT One Vacancy
ADOPTED July 11, 2006
CII�OF ATASC ERO
By '
Tom O _ alley, Ma r
Attest.
Marcia McClure Torgerson, C.M.C.,
City Clerk
APPRO�ED AS TO�YORM
011Patn& L. Enright, City Attorney