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RES-2009-107RESOLUTION NO. 2009- 107 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2009/10. WI IEREAS, the voters of California on November 6, 1977, added Article XIII B to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XIII B of the State Constitution provides that the appropriations limit for fiscal year 2009/10 is calculated by adjusting the 2008/09 fiscal appropriations limit for changes in the cost of living and population except as otherwise provided in said Article XIII B; and WHEREAS, the information necessary for making these adjustments is attached in Exhibits A through D: and WHEREAS. the City of Anaheim has complied with all the provisions of Article XIII B of the State Constitution in determining the Community Facilities District No. 1989 -3 (The Summit) appropriations limit for fiscal year 2009/10. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the Community Facilities District No. 1989 -3 (The Summit) appropriations limit for fiscal year 2009/10 be established in the amount of $274,103,715.00. BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded vote of the City Council adopting this resolution, hereby determines and selects that, with regard to fiscal year 2009/10 and the calculations specified herein for such fiscal year, the term "change in the cost of living" for purposes of Section 8(e)(2) of Article XIII B of the Constitution of the State of California shall mean the percentage change in the California per capita personal income from the preceding year. BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded vote of the City Council adopting this resolution, hereby determines and chooses that, with regard to fiscal year 2009/10 and the calculations specified herein for such fiscal year, the term 'change in population" for purposes of Article XIII B of the Constitution of the State of California and Division 9 of Article I of the Government Code of the State of California shall mean the change in population within the City of Anaheim. BE IT Ft RTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 23rd day of ,7t,np 2009, by the following roll call vote AYES: NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring CITY CLERK OF THE CITY OF NAHEIM 73216 1 /bgranato CITY OF A HEIM By MAYOR OF THE CIT OF AHEIM 2 FY 2008109 .Adopted Appropriations Limit Adjustment Factor FY 21404/10 ;Appropriations Lunit FY 2009/10 Appropriations Lunn FY 2000/10 Appropriations Subject to Limit FY 200010 Appropriations 1,mmn Margin EXHIBIT A 2009 /10 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) C- 1L('LLATIONS COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT 101525580 FY 200 Appropriations Limit Margin. As a Percent of $269,984,879 $274,103,715 $274,103,715 103,770 $273,999,945 99.96% Population percent change pursuant to Sections 2227 and 2228 of the Revenue and T axation Code PRICE FACTOR Selected factor POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR A) Population Converted to a factor B) Price facto: Converted to a factor Ratio of chance A x B EXHIBIT B 2009/10 APPROPRIATIONS LIMIT COMMt`NITN FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) ADJUSTMENT FACTORS POPULATION Selected Factor: City Population Growth Population count provided by the State Finance Department 348.467 California Pet Capita Personal 0.62% Income Growth 1 0090 1 0062 0.90% 1.01525580 EXHIBIT C 2009/10 APPROPRIATIONS LIMIT COMMI'NITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Re t cnuett $917,394 Reduce by Non Proceeds of Taxes 0 $917.394 Add User Fees in Excess of Costs 0 917.394 Add llser Fees in Replacement of Tares 0 917,394 Subtract Debt Service Appropriations 813,624 $103,770 Total All Appi piiutions $917.394 Reduce by Non-Proceeds of 1 axes 0 $917,394 Subtract Debt ,Service Appropriations 813,624 103,770 Appropriations Subject to Limit $103,770 EXHIBIT D 2009/10 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) PROCEEDS OF TAXES CALCULATION Faxes $874.194 state Suhvent,ons 0 service Charge 0 Perm n F ees (1 Pines and Forfeitures 0 Rentals 0 ';ales Refunds and Reimbursements 0 internal Service Charges 0 i.ederal and Count v Subventions t'ontributions 0 Subtotal $874.194 interest 43,200 Total $917,394 PROCEEDS NON- PROCEEDS 01 TAXES OF TAXES TOTAL 0 0 0 0 0 (1 0 (1 0 0 0 0 0 $0 $874,194 0 0 0 0 0 0 0 0 0 0 $874,194 43,200 $917.394