Loading...
RES-2013-095RESOLUTION NO. 2013 -095 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 2013/14. 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 2013/14 is calculated by adjusting the 2012/13 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 2013/14. 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 2013/14 be established in the amount of $15,372,055.00. 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 2013/14 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 2013/14 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 EIGHTEENTH (18TH) DAY OF JUNE, 2013, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Tait, Council Members Eastman, Murray, Brandman and Kring NOES: None ABSENT: None ABSTAIN: None CITY OF ANAHEIM By: ---,/ MAYOR OF THE CITY OF ANAHEIM ATTEST: CITY CLERK OF THE CITY OF A AHEIM 90081.2 2 FY 2013/14 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) EXHIBIT A CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2012/13 Adopted Appropriations Limit Adjustment Factor 1.05771744 FY 2013/14 Appropriations Limit FY 2013/14 Appropriations Limit FY 2013/14 Appropriations Subject To Limit FY 2013/14 Appropriations Limit Margin $14,533,234 $15,372,055 $15,372,055 31,070 $15,340,985 FY 2013/14 Appropriations Limit Margin, As a Percent of Limit 99.80% FY 2013/14 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 346,144 Population percent change pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code 0.62% PRICE FACTOR - Selected Factor: California Per Capita Personal 5.12% Income Growth POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR A) Population: Converted to a factor 1.0062 B) Price Factor: Converted to a factor 1.0512 Ratio of change: A x B = 1.05771744 FY 2013/14 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS) EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $605,600 Reduce by Non - Proceeds of Taxes 0 $605,600 Add User Fees in Excess of Costs 0 605,600 Add User Fees in Replacement of Taxes 0 605,600 Subtract Debt Service Appropriations 574,530 $31,070 Total All Appropriations $605,600 Reduce by Non - Proceeds of Taxes 0 $605,600 Subtract Debt Service Appropriations 574,530 31,070 Appropriations Subject to Limit $31,070 FY 2013/14 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 PROCEEDS NON - PROCEEDS OF TAXES OF TAXES TOTAL $605,600 0 $605,600 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 $605,600 $0 $605,600 0 0 0 $605,600 $0 $605,600