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CC Resolution 1994-050^"G RESOLUTION NO. 94 50 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA DETERMINING THE CITY'S APPROPRIATION LIMITATION FOR THE FISCAL YEAR 1994-95 WHEREAS, Article XIIIB of the California Constitution provides for the establishment and defines annual appropriations limits on local government entities; and WHEREAS, pursuant to California Government Code Section 7910, the governing body of each local agency is required each year to establish its appropriations limitation and make other necessary determinations by resolution for the following fiscal year in accordance with the procedures set forth therein and in Article XIIIB of the California Constitution; and WHEREAS, in calculating its annual appropriations subject limitation, Article XIIIB Section 1 directs the City to adjust its prior year appropriations limitation for the change in the cost of living and the change in population; and WHEREAS, Article XIIIB Section 8(e) 2) defines change in the cost of living" as either A) the percentage change in California per capita personal income from the preceding year, or B) the percentage change in the local assessment roll from the preceding year for the City due to the addition of local nonresidential new construction, and directs the City to select its change in the cost of living annually by a recorded vote of its governing body; and WHEREAS, Government Code Section 7901(a) defines change in population" and provides that the City may choose to use either A) the change in population within its jurisdiction, or B) within the county in which it is located, and directs the City to select its change in population annually by a recorded vote of its governing body. NOW, THEREFORE, the City Council of the City of La Quinta DOES HEREBY RESOLVE, DETERMINE, AND ORDER as follows: SECTION 1. The City Council establishes the amount of $19,077,B66 as the City's appropriations limitation for the fiscal year 1994-1995. SECTION 2. The City Council selects 0.71% as the change in the cost of living" factor used in determining the City's annual appropriations limitation. BIB] 08-18-1998-U01 11:47:34AM-U01 ADMIN-U01 CCRES-U02 94-U02 50-U02 ^"G *., I SECTION 3. The City Council hereby affirms the fact that any funds appropriated but not spent shall accrue to the City's reserve/contingency fund account consistent with the City's prior practices. SECTION 4. As provided in Government Code Section 7910, any challenge to the appropriation limitation herein established and/or other determinations made herein must be brought within sixty 60) days of the effective date of this resolution. ADOPTED, SIGNED, AND APPROVED this 19th day of July 1994 by the following votes: AYES: Council Members Bangerter, Mccartney, Perkins, Sniff, Mayor Pena NOES: None ABSTAIN: None ABSENT: None AT ST: AUNDRA L. JUHO City Clerk City of La Quinta, California APPROVED AS TO FORM: * DAWN HONEYWELL CityAt*rney Stradling, Yocca, Carison & Rauth BIB] 08-18-1998-U01 11:47:34AM-U01 ADMIN-U01 CCRES-U02 94-U02 50-U02