Loading...
RES-2025-050191Y�711i1111��]��►[� • 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 2025/26. 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 XHI B of the State Constitution provides that the appropriations limit for fiscal year 2025/26 is calculated by adjusting the 2024/25 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 2025/26. 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 2025/26 be established in the amount of $25,306,923. 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 2025/26 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 2025/26 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 SEVENTEENTH (17) DAY OF JUNE, 2025, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Aitken and Council Members Meeks, Balius, Leon, Rubalcava and Kurtz NOES: None ABSENT: Council Member Maahs ABSTAIN: None CITY OF ANAHEIM By: MAYOR OF VE CITY OF ANAHEIM AT-Y T: ERK OF THE CITY OF ANAHEIM 155470 2 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) EXHIBIT A CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2024/25 Adopted Appropriations Limit $ 23,794,800 Adjustment Factor 1.06354848 FY 2025/26 Appropriations Limit FY 2025/26 Appropriations Limit FY 2025/26 Appropriations Subject To Limit FY 2025/26 Appropriations Limit Margin $ 25,306,923 $ 25,306,923 $ 34,500 $ 25,272,423 FY 2025/26 Appropriations Limit Margin, As a Percent of Limit 99.86% FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) EXHIBIT B ADJUSTMENT FACTORS POPULATION - Selected Factor: City Population Growth Population count provided by the State Finance Department 341,773 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 0.9992 B) Price Factor: Converted to a factor 1.0644 -0.08% 6.44'7o Ratio of change: A x B = 1.06354848 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $ 515,019 Reduce by Non -Proceeds of Taxes - $ 515,019 Add User Fees in Excess of Costs - 515,019 Add User Fees in Replacement of Taxes - 515,019 Subtract Debt Service Appropriations 480,519 $ 34,500 Total Revenues Available for Expenditure Appropri $ 515,019 Reduce by Non -Proceeds of Taxes - $ 515,019 Subtract Debt Service Appropriations 480,519 34,500 Appropriations Subject to Limit $ 34,500 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06.2 (STADIUM LOFTS) 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 Revenues Use of (Contribution to) Fund Balances Grand Total PROCEEDS OF TAXES NON -PROCEEDS OF TAXES TOTAL $ 505,019 $ - $ 505,019 $ 505,019 10,000 $ - - $ 505,019 10,000 $ 515,019 $ - $ 515,019 $ 515,019 CLERK'S CERTIFICATE STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Resolution No. 2025-050 adopted at a regular meeting provided by law, of the Anaheim City Council held on the 171 day of June. 2025 by the following vote of the members thereof: AYES: Mayor Aitken and Council Members Meeks, Balius, Leon, Rubalcava, and Kurtz NOES: None ABSTAIN: None ABSENT: Council Member Maahs IN WITNESS WHEREOF, I have hereunto set my hand this 18t' day of June. 2025. CCLERK OF THE CITY OF ANAHEIM (SEAL)