RES-2010-091RESOLUTION NO. 2010 -091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY
FACILITIES DISTRICT NO. 06 -2 (STADIUM LOFTS)
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. 06 -2 (Stadium Lofts)
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. 06 -2 (Stadium Lofts) appropriations limit for fiscal year
2010/11 be established in the amount of $13,357,509.00.
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.
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
ATTEST
CITY CLERK OF THE CITY OF ANAHEIM
APPROVED AS TO FORM:
CRISTINA �: TALLEY, CITY ATTORNEY
1
By:
JOIN E. WOODHEAD IV
Assistant City Attorney
\, 77468.1
9
EXHIBIT A
2010/11 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
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
$13,488,468
$13,357,509
$13,357,509
43,500
$13,314,009
99.67%
EXHIBIT B
2010/11 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
ADJUSTMENT FACTORS
POPULATION - Selected Factor: City Ponulation Growtt
Population count provided by the
State Finance Department 353,643
Population percent change p ursuan t
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 1.0161
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. 06-2 (STADIUM LOFTS)
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues
$619,163
Reduce by Non - Proceeds of Taxes
0
$619,163
Add User Fees in Excess of Costs
0
619,163
Add User Fees in Replacement of Taxes
0
619,163
Subtract Debt Service Appropriations
575,663
$43,500
Total All Appropriations
$619,163
Reduce by Non - Proceeds of Taxes
0
$619,163
Subtract Debt Service Appropriations
575,663
43,500
Appropriations Subject to Limit
$43,500
EXHIBIT D
2010/11 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
PROCEEDS OF TAXES CALCULATION
PROCEEDS
NON - PROCEEDS
OF TAXES
OF TAXES
TOTAL
Taxes
$608,263
0
$608,263
State Subventions
0
0
0
Service Charges
0
0
0
Permit Fees
0
0
0
Fines and Forfeitures
0
0
0
Rentals
0
0
0
Sales
0
0
0
Refunds and Reimbursements
0
0
0
Internal Service Charges
0
0
0
Federal and County Subventions
0
0
0
Contributions
0
0
0
Subtotal
$608,263
$0
$608,263
Interest
10,900
0
10,900
Total
$619,163
$0
$619,163