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HomeMy Public PortalAbout98-145 (08-18-98)RESOLUTION NO. v8-14s A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD . ADOPTING AN APPROPRIATIONS LIMIT FOR THE 1998-99 FISCAL YEAR PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION WHEREAS, Article XIIIB of the Constitution of the State of California provides i that total annual appropriations subject to limitation of the City shall not exceed. the Appropriations Limit of the City for the prior year as adjusted for annual adjustment factors; and WHEREAS, Article XIIIB requires that each year the governing body of each local jurisdiction is required to establish its Appropriations Limit by resolution and to approve appropriate inflation and population factors used in calculating the Appropriations Limit; and WHEREAS, the City Council wishes to set an Appropriations Limit for the 1998-- 99 Fiscal Year on those appropriations subject to limitation under Article XIIIB; and WHEREAS, documents used in determining the Appropriations Limit was made .available to the public at the City Clerk's Office; NO.W.THEREFORE, BE IT RESOLVED THAT THE.CITY COUNCIL OF THE CITY OF LYNWOOD, STATE OF CALIFORNIA, DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOW: SECTION 1. That the cost of living factor used to compute the Appropriations .Limit is the percentage change in the California per capita personal income combined with the change in population in the City of Lynwood. SECTION 2. That the Appropriations Limit for the City of Lynwood during the 1998-99 Fiscal Year for appropriations subject to limitation under Article XIII B shall be fifteen .million, one hundred eighty one thousand, and thirty-four dollars ($15,181,034). SECTION 3. That this resolution shall take effect immediately upon its adoption. PASSED, APPROVED AND ADOPTED this 18th day of August 1998. .~. ~ . Armando Rea, Mayor City of Lynwood ATTEST: .s ~, Andrea L. Hooper, City Clerk PROV City Attorney TO FORM: Ral h'- , vise Interim City Manager AGENGAN.DOC STATE OF CALIFORNIA ) ss COUNTY OF LOS ANGELES ) I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that the above and foregoing resolution was duly adopted by the City Council of said City at a regular meeting thereof held in the City Hall of said City on the day August 18 , 1998, ~ and passed by the following vote: AYES: COil1VCZLJNAN $yRb, REyES, RZCHARriS, SAAICHEZ, REA NOES: ' NOi~ ABSENT: 1voi~ ~i ~ City Clerk, City of Lynwood STATE OF CALIFORNIA ) ss. ' COUNTY OF LOS ANGELES ) I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City council of said City, do hereby certify that the above and forgoing is a full, true and correct copy of Resolution No. 98-145 on file in' my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 18th day of August ~ggg r City Clerk, City of Lynwood AGENGAN.DOC