RES-2019-062 RESOLUTION NO. 2 019-0 6 2
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 2019/20.
WHEREAS, the voters of California on November 6, 1977, added Article XIII B to the
State Constitution placing variouslimitations 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 2019/20 is calculated by adjusting the 2018/19 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 2019/20.
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
2019/20 be established in the amount of$19,349,892.00.
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 2019/20 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 2019/20 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 (18)DAY OF
JUNE, 2019, BY THE FOLLOWING ROLL CALL VOTE:
AYES: Mayor Sidhu and Council Members Kring, Barnes,
Brandman, Moreno, Faessel, and O'Neil
NOES: None
ABSENT: None
ABSTAIN: None
CITY OF ANAHEIM
BY: IL�/L. A l`
y,4 (a THE 7 I r `ANT IM
AT .
CITY CLERK OF T E CITY OF ANAHEIM
132925.2
2
FY 2019/20 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT A
CALCULATIONS&COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT
•
FY 2018/19 Adopted Appropriations Limit $18,599,061
Adjustment Factor 1.04036930
FY 2019/20 Appropriations Limit $19,349,892
FY 2019/20 Appropriations Limit $19,349,892
FY 2019/20 Appropriations Subject To Limit 12,000
FY 2019/20 Appropriations Limit Margin $19,337,892
FY 2019/20 Appropriations Limit Margin,As a Percent of Limit 99.94%
FY 2019/20 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 359,322
Population percent change pursuant
to Sections 2227 and 2228 of the
Revenue and Taxation Code 0.18%
PRICE FACTOR-Selected Factor:
California Per Capita Personal 3.85%
Income Growth
POPULATION AND PRICE FACTOR -
CONVERTED TO AN ADJUSTMENT FACTOR
A) Population: Converted to a factor 1.0018
B) Price Factor: Converted to a factor 1.0385
Ratio of change: A x B= 1.04036930
FY 2019/20 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT C
APPROPRIATIONS SUBJECT TO LIMIT CALCULATION
Total All Revenues $492,025
Reduce by Non-Proceeds of Taxes 0 $492,025
Add User Fees in Excess of Costs 0 492,025
Add User Fees in Replacement of Taxes 0 492,025
Subtract Debt Service Appropriations 480,025 $12,000
Total Revenues Available for Expenditure Appropriation $492,025
Reduce by Non-Proceeds of Taxes 0 $492,025
i
Subtract Debt Service Appropriations 480,025 I 12,000
Appropriations Subject to Limit $12,000
FY 2019/20 APPROPRIATIONS LIMIT
COMMUNITY FACILITIES DISTRICT NO. 06-2 (STADIUM LOFTS)
EXHIBIT D
PROCEEDS OF TAXES CALCULATION
PROCEEDS NON-PROCEEDS
OF TAXES OF TAXES TOTAL
Taxes $492,025 $0 $492,025
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 $492,025 $0 $492,025
Interest 0 0 0
Total Revenues $492,025 $0 $492,025
Use of(Contribution to) Fund Balances 0
Grand Total $492,025
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. 2019-062 adopted at a regular meeting provided by law, of the Anaheim
City Council held on the 18th day of June, 2019 by the following vote of the members thereof:
AYES: Mayor Sidhu and Council Members Kring, Barnes, Brandman, Moreno,
Faessel and O'Neil
NOES: None
ABSTAIN: None
ABSENT: None
IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of June, 2019.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL)