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RES-2010-090RESOLUTION NO. 2010 -090 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 2010/11. 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 2010/11 is calculated by adjusting the 2009 /10 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 2010/11. 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 2010/11 be established in the amount of $271,442,458.00. 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 2010/11 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 2010/11 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. 1 THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS TWENTY - SECOND (22 DAY OF JUNE, 2010, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Pringle, Council Members Galloway, Hernandez NOES: NONE ABSENT: NONE ABSTAIN: Council Members Kring, Sidhu CITY OF By: [ AAAffl /: R MAYO OF THE CITY ATTEST: CITY CLERK OF THE CITY OF A.NAHEIM APPROVED AS TO FORM: CRISTINA L�ALLEY, CITY ATTORNEY i B JO *. WOODHEAD IV Assistant City Attorney 77467.1 2 EXHIBIT A 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2009/10 Adopted Appropriations Limit Adjustment Factor 0.99029106 FY 2010/11 Appropriations Limit FY 2010/11 Appropriations Limit FY 2010/11 Appropriations Subject To Limit FY 2010/11 Appropriations Limit Margin FY 2010/11 Appropriations Limit Margin, As a Percent of Limit $274,103,715 $271,442,458 $271,442,458 103,770 $271,338,688 99.96% EXHIBIT B 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) ADJUSTMENT FACTORS POPULATION - Selected Factor: City Ponulation Growd Population count provided by the State Finance Department 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 353,643 A) Population: Converted to a factor 1.0161 B) Price Factor: Converted to a factor 0.9746 1.61% -2.54% Ratio of change: A x B = 0.99029106 EXHIBIT C 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $911,634 Reduce by Non - Proceeds of Taxes 0 $911,634 Add User Fees in Excess of Costs 0 911,634 Add User Fees in Replacement of Taxes 0 911,634 Subtract Debt Service Appropriations 807,864 $103,770 Total All Appropriations $911,634 Reduce by Non - Proceeds of Taxes 0 $911,634 Subtract Debt Service Appropriations 807,864 103,770 Appropriations Subject to Limit $103,770 EXHIBIT D 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -3 (THE SUMMIT) 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 $895,934 0 $895,934 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 $895,934 $0 $895,934 15,700 0 15,700 $911,634 $0 $911,634