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RES-2010-088RESOLUTION NO. 2010 -088 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2010/11. 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 2010/ 11 is calculated by adjusting the 2009/10 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 -1 (Sycamore Canyon) appropriations limit for fiscal year 2010/11. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the Community Facilities District No. 1989-1 (Sycamore Canyon) appropriations limit for fiscal year 2010/11 be established in the amount of $271,442,458.00. 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 2010/ 11 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 2010/11 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- SECOND (22 DAY OF JUNE, 2010, BY THE FOLLOWING ROLL CALL VOTE: AYES: Mayor Pringle, Council Members Galloway, Hernandez NOES: NONE ABSENT: NONE ABSTAIN: Council Members, Kring, Sidhu CITY OF ANAHEIM By: MAYOR OF THE C O AHEIM ATTEST: CITY CLERK OF THE CITY O ANAHEIM APPROVED AS TO FORM: CRISTINA l lTALLEY, CITY ATTORNEY Lo E. WOODHEAD IV ant City Attorney `\- 77465.1 N EXHIBIT A 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2009/10 Adopted Appropriations Limit Adjustment Factor 0.99029106 FY 2010/11 Appropriations Limit FY 2010/11 Appropriations Limit FY 2010/11 Appropriations Subject To Limit FY 2010/11 Appropriations Limit Margin FY 2010/11 Appropriations Limit Margin, As a Percent of Limit $274,103,715 $271,442,458 $271,442,458 43,500 $271,398,958 99.98% EXHIBIT B 2010111 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) ADJUSTMENT FACTORS POPULATION - Selected Factor: Citv Population Growd Population count provided by the State Finance Department 353,643 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 1.0161 B) Price Factor: Converted to a factor 0.9746 1.61% -2.54% Ratio of change: A x B = 0.99029106 EXHIBIT C 2010111 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) APPROPRIATIONS SUBJECT TO LIMIT CALCULATION Total All Revenues $592,741 Reduce by Non - Proceeds of Taxes 0 $592,741 Add User Fees in Excess of Costs 0 592,741 Add User Fees in Replacement of Taxes 0 592,741 Subtract Debt Service Appropriations 549,241 $43,500 Total All Appropriations $592,741 Reduce by Non - Proceeds of Taxes 0 $592,741 Subtract Debt Service Appropriations 549,241 43,500 Appropriations Subject to Limit $43,500 EXHIBIT D 2010/11 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989 -1 (SYCAMORE CANYON) PROCEEDS OF TAXES CALCULATION PROCEEDS NON - PROCEEDS OF TAXES OF TAXES TOTAL Taxes $591,241 0 $591,241 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 $591,241 $0 $591,241 Interest 1.500 0 1,500 Total $592,741 $0 $592,741