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RES-2020-073 RESOLUTION NO. 2 0 2 0-0 7 3 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 2020/21. 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 2020/21 is calculated by adjusting the 2019/20 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 2020/21. 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 2020/21 be established in the amount of$20,107,772.00. 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 2020/21 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 2020/21 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-THIRD (23) DAY OF JUNE, 2020, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Sidhu and Council Members Faessel, Barnes, Brandman, Kring, and O'Neil NOES: Council Member Moreno ABSENT: None ABSTAIN: None CITY OF ANAHEIM By: 11 ,. 1 A M 4 i ' OF TH 1 IT 47 ANAHEIM CITY CLERK 1F THE CITY OF ANAHEIM 138093 • 2 FY 2020/21 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO.06-2(STADIUM LOFTS) EXHIBIT A CALCULATIONS&COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2019/20 Adopted Appropriations Limit $19,349,892 Adjustment Factor 1.03916714 FY 2020/21 Appropriations Limit $20,107,772 FY 2020/21 Appropriations Limit $20,107,772 FY 2020/21 Appropriations Subject To Limit 27,795 FY 2020/21 Appropriations Limit Margin $20,079,977 FY 2020/21 Appropriations Limit Margin,As a Percent of Limit 99.86% FY 2020/21 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 357,308 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 3.73% 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 1.0373 Ratio of change: A x B= 1.03916714 FY 2020/21 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO.06-2(STADIUM LOFTS) EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $511,821 Reduce by Non-Proceeds of Taxes 0 $511,821 Add User Fees in Excess of Costs 0 511,821 Add User Fees in Replacement of Taxes 0 511,821 Subtract Debt Service Appropriations 484,026 $27,795 Total Revenues Available for Expenditure Appropriation $511,821 Reduce by Non-Proceeds of Taxes 0 $511,821 Subtract Debt Service Appropriations 484,026 27,795 Appropriations Subject to Limit $27,795 FY 2020/21 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 $511,821 $0 $511,821 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 $511,821 $0 $511,821 Interest 0 0 0 Total Revenues $511,821 $0 $511,821 Use of(Contribution to) Fund Balances 0 Grand Total $511,821 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. 2020-073 adopted at a regular meeting provided by law, of the Anaheim City Council held on the 23rd day of June, 2020 by the following vote of the members thereof: AYES: Mayor Sidhu and Council Members Faessel, Barnes, Brandman, Kring and O'Neil NOES: Council Member Moreno ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand this 30th day of June, 2020. 41111111N CITY CLER OF THE CITY OF ANAHEIM (SEAL)