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R 3144 RESOLUTION NO. 3144 ...,:..... } { A RESOLUTION OF ruE CITY COUNCIL OF ruE CITY OF 1 ARROYO GRANDE REVISING A TAX PROCEEDS EXPENDITURE j ; APPROPRIATION LIMIT FOR FISCAL YEAR 1996-1997 ! THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE HEREBY RESOL YES that the revised Fiscal 1996-1997 expenditure appropriation limit from tax proceeds is $8,889,080, in accordance with Article XllIB of the California Constitution (prop. 4, SBI352). THE CITY COUNCIL FURTHER RESOL YES that this year's calculation is to include the percentage change in Galifomia per capita personal income, rather than the percentage change in the local assessment roll due to the addition of non-residential new constructio~ as the price factor. On motion of Council Member Lady , seconded by Council Member Fu 11 e r and on the following roll call vote, to wit: AYES:Council Members Lady, Fuller, Souza, and Mayor Dougall NOES:None - ABSENT:Council Member Brandy the foregoing Resolution was passed and adopted this 28th day of May, 1996. ~~ MAYOR ATTEST: ~. ~ NANCY A VIS, CITY CLERK RESOLUTION NO. 3144 PAGE 2 APPROVED AS TO FORM: APPROVED AS TO CONTENT: ~lJLfJJL. ft~ ROBERT L. HUNT, CITY MANAGER I, NANCY DAVIS, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of peIjwy that the foregoing Resolution No. 3 1 4 4 is true, full, and correct copy of said Resolution passed and adopted at a regular meeting I of said Council on the 28th day of May, 1996. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 30th day of May , 1996. ~a.~ Nancy a. -vis, City Clerk