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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