Loading...
RES-2011-090RESOLUTION NO. 2011 -090 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2011/12. WHEREAS, 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 2011/12 is calculated by adjusting the 2010 /11 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 -1 (Sycamore Canyon) appropriations limit for fiscal year 2011/12. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the Community Facilities District No. 1989 -1 (Sycamore Canyon) appropriations limit for fiscal year 2011/12 be established in the amount of $282,290,371.00. 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 2011/12 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 2011/12 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 1 of the Government Code of the State of California shall mean the change in population within the City of Anaheim. BE IT FURTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS FOURTEENTH (14TH) DAY OF JUNE, 2011, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Tait, Council Members Sidhu, Eastman, Galloway and Murray NOES: None ABSENT: None ABSTAIN: None CITY OF AN M By: MAYOR OF THE CITY OF ANAHEIM ATTEST: CITY CLE K OF THE CITY OF AN HEIM APPROVED AS TO FORM: CRISTINA L. TALLEY, CITY ATTORNEY Mark S. Gordon Assistant City Attorney 83731.v1 FY 2011/12 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) EXHIBIT A CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2010/11 Adopted Appropriations Limit Adjustment Factor FY 2011/12 Appropriations Limit FY 2011/12 Appropriations Limit FY 2011/12 Appropriations Subject To Limit FY 2011/12 Appropriations Limit Margin 1.03996395 $271,442,458 $282,290,371 $282,290,371 43,500 $282,246,871 FY 2011/12 Appropriations Limit Margin, As a Percent of Limit 99.98% FY 2011/12 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) EXHIBIT B ADJUSTMENT FACTORS POPULATION - Selected Factor: City Population Growth Population count provided by the State Finance Department 341,034 Population percent change pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code PRICE FACTOR - Selected Factor: California Per Capita Personal Income Growth POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR A) Population: Converted to a factor 1.0145 B) Price Factor: Converted to a factor 1.0251 1.45% 2.51% Ratio of change: A x B = 1.03996395 FY 2011/12 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $598,622 Reduce by Non - Proceeds of Taxes 0 Add User Fees in Excess of Costs 0 Add User Fees in Replacement of Taxes 0 Subtract Debt Service Appropriations 555,122 Total All Appropriations Reduce by Non - Proceeds of Taxes Subtract Debt Service Appropriations Appropriations Subject to Limit $598,622 0 555,122 $598,622 598,622 598,622 $43,500 $598,622 43,500 $43,500 FY 2011/12 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) EXHIBIT D PROCEEDS OF TAXES CALCULATION Taxes State Subventions Service Charges Permit Fees Fines and Forfeitures Rentals Sales Refunds and Reimbursements Internal Service Charges Federal and County Subventions Contributions Subtotal Interest Total PROCEEDS NON- PROCEEDS OF TAXES OF TAXES TOTAL $597,122 0 $597,122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $597,122 $0 $597,122 1,500 0 1,500 $598,622 $0 $598,622