R 3073
.. ...
RESOLUTION NO. 3073
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARROYO GRANDE ADOPTING A TAX
PROCEEDS EXPENDITURE APPROPRIATION LIMIT
FOR FISCAL YEAR 1995-1996
THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE HEREBY
RESOLVES that the Fiscal 1995-1996 expenditure appropriation limit
from tax proceeds is $8,492,480, in accordance with Article XIIIB
of the California Constitution (Prop. 4, SB1352).
"---.-
The City Council further resolves that this year's
calculation is to include the percentage change in California per
capita personal income, rather than the percentage change in the
local assessment roll due to the addition of non-residential new
construction, as the price factor.
On motion of Council Member Lady , seconded by
Council Member Brandy , and on the following roll call
vote, to wit:
AYES: Council Members Lady, Brandy, Fuller, Souza and Mayor Dougall
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 9th day of
May, 1995.
~i
MAYOR
ATTEST: '11~a. ~
CITY CLE
,- ~
Resolution No. 3073
Page 2
I, NANCY A. DAVIS, City Clerk of the City of Arroyo Grande,
County of San Luis Obispo, State of california, do hereby certify
under penalty of perjury that the foregoing Resolution No. 3073
is a true, full and correct copy of said Resolution passed and
adopted at a regular meeting of said Council on the 9th day of
May, 1995.
WITNESS my hand and the Seal of the City of Arroyo Grande
affixed this 10th day of May, 1995.
~ a.~
NANC~AVIS, CITY CLERK