R 3750
RESOLUTION NO. 3750
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL
YEAR 2004.2005
BE IT RESOLVED by the City Council of the City of Arroyo Grande that the
Fiscal Year 2004-05 expenditure appropriation limit from tax proceeds is
$13,701,431, in accordance with Article XIIIB of the California Constitution
,(Prop.4, SB 1352).
BE IT FURTHER RESOLVED 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 Dickens, seconded by Council Member Lubin, and
on the following roll call vote, to wit:
AYES: Council Members Dickens, Lubin, Costello and Mayor Ferrara
NOES: None
ABSENT: Council Member Runels
the foregoing Resolution was passed and adopted this 25th day of May 2004.
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RESOLUTION NO. 3750
PAGE 2
ATTEST:
~/UL
E MORE, DIRECTOR OF ADMINISTRATIVE SERVICESI
DEPUTY CITY CLERK
APPROVED AS TO CONTENT:
~~~
STE EN ADAMS, CITY MANAGER
APPROVED AS TO FORM: .
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RESOLUTION NO. 3750
OFFICIAL CERTIFICATION
I, KELL Y WETMORE, Director of Administrative Services/Deputy City Clerk of
the City of Arroyo Grande, County of San Luis Obispo, State of California, do
hereby certify under penalty of perjury, that Resolution No. 3750 is a true, full,
and correct copy of said Resolution passed and adopted at a regular meeting of
the City Council of the City of Arroyo Grande on the 25thday of May, 2004.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 28th
day of May, 2004.
rJiiUO,fLL
ORE, DIRECTOR OF ADMINISTRATIVE SERVICES/
DEPUTY CITY CLERK
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