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RES-2006-135RESOLUTION N0.2006- 1.35 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 2006/07. 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 2006/07 is calculated by adjusting the 2005/06 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 2006/07. 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 2006/07 be established in the amount of $243,856,059.00. 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 2006/07 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 2006/07 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 approved and adopted by the City Council of the City of Anaheim this 20th day of June , 2006, by the following roll call vote: AYES: Mayor Pringle, C~uncil.Members Sidhu, Sernaadez,~C~Iloway, Chavez NOES: Noae ABSENT: None ABSTAIN: None CITY OF A EIM ay MAYOR OF THE Y ANAHEIM ATTEST: CITY 26738.8 2 EJ®1T A 200(JO'7 APPROPRIATIONS LII1i[TT COMMUNITY FACILITIE.4 DISTRICT NO.1989.3 (THE SUIVIIVIIT) CALCULATIONS R COMPARISON OF APPROPRIATIONS SUBJECT TO LIIYIIT PY 2005/06 Adopted Appropriadans Limit Adjustment Factor 1.04147128 PY 2006J0'1 Appropriatims Limit PY 2006J07 Appropriations Limit FY 2006J'07 Appropriations Subject To Limit FY 20061'0'7 Appropriations Limit Margin FY 2006/07 Appropriations Limit Margin, As a percent of Limit $234,145,736 $243,856,059 $243,856,059 60,154 $243,795,906 99.9896 EI133~1T B 2006/07 APPROPRiATIONB LIlY1RT COMMUNITY FACIIdTIES DISTRICT N0.1989-3 (THE SUNIIYII'l~ ADJUSTMENT FACTORS FpPL1L-AT[pN -Selected F~~+*: Cif Pnln+lari~ Cm__+wth Population count provided by the State Finance Department 342A10 Popuh-tian percent change Pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code California Per Capita Personal Inwme Qrrovvth POPULATION AND PRICE FACTOR CONVBRTED 7b AN A1~1LiSTMFtNT FACTOR A) Population: Converted to a factor 1.0018 B) Price Factor: Converted to a factor 1.0396 Ratio of change: A x B 0.1896 3.9696 1.04147128 E]11HB1T C 2006/07 APPROPRIATIONS LDrIIT COMMUNITY FACH.ITIES DISTRICT N0.1989-3 (THE SiJbIIYII1~ APPROPRIATIONS SUBJECT TO LIIbII'P CALCULATION Toffii All Revenues $910,708 Reduce by Non-Proceeds of Taxea 0 $910,708 Add User Fees in Excess of Costs 0 910,708 Add User Fees in Replacement of Taxes 0 910,708 Subtract Debt Service Appropriations 850,554 $60,154 Total All Appropriations $910.708 Reduce by Non-Proceeds of Taxes 0 $910,708 Subtract Debt Service Appropriations 850,554 60,154 Appropriations Subject to Limit $60,154 EDITD 2006/07 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT N0.1989~ (TILE SI1lYIIYII1) PROCEEDS OF TARES CALCULATION PROCEEDS NON-PROCEEDS OF TAXES OF TAXES TOTAL Taxea $910,708 0 $910,708 State Subventions 0 0 0 Service Charges 0 0 0 Permit Fees 0 0 0 Fines and Forfeitures 0 0 0 Rentala 0 0 0 Sales 0 0 0 Refimda and Reiminugements 0 0 0 Internal Service ('barges 0 0 0 Federal and County Subventions 0 0 0 Contributions 0 0 0 Subtotal $910,708 SO $910,708 Interest 0 0 0 Total $910,708 $0 $910,706