HomeMy WebLinkAboutResolution 2004-061 RESOLUTION NO. 2004-061
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ATASCADERO, CALIFORNIA, ADOPTING THE
FISCAL YEAR 2004-2005 ANNUAL SPENDING LIMIT
The City Council hereby finds and declares as follows:
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; and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF ATASCADERO
HEREBY ORDAINS AS FOLLOWS:
SECTION 1. That the City of Atascadero elects to use the following criteria for fiscal year 2004-
2005 in establishing its new Annual Spending Limit:
Increase in County Population and
Increase in Non-Residential Assessed Valuation due to New Construction
SECTION 2. That the annual spending limit for 2004-2005 is calculated as follows:
Fiscal Year Percentage Change New Limit
2004-2005 5.48% $13,490,101
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, City Hall Annex, 6905 El Camino Real, Suite
#6, Atascadero, California.
On motion by Council Member Clay,and seconded by Council Member O'Malley, the foregoing
Resolution is hereby adopted in its entirety on the following roll call vote:
City of Atascadero
Resolution No. 2004-061
Page 2 of 2
AYES: Council Members Clay, O'Malley, Pacas, Scalise and Mayor Luna
NOES: None
ABSENT: None
ADOPTED: July 27, 2004
ATTEST: CITY OF ATASCADERO
Marcia McClure Torgerson, C.M. ., City Clerk Dr. George Luna, Mayor
APPROVED AS TO FORM:
Thomas R. Gibson, Interim City Attorney