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93-117 RESOLUTION NO. 93R-117 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY FACILITIES DISTRICT NO. 1989-3 (THE SUMMIT) ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1993/94. 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 1993/94 is calculated by adjusting the 1992/93 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 G; and WHEREAS, the City of Anaheim has complied with all the provisions of Article XIII B of the State Constitution in detremining the Community Facilities District No. 1989-3 (The Summit) appropriations limit for fiscal year 1993/94. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the Community Facilities District No. 1989-3 (The Summit) appropriations limit for fiscal year 1993/94 be established in the amount of $130,028,621.00. 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 1993/94 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 1993/94 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 F~THER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. THE FOREGOING RESOLUTION is approved and adopted by the city Council of the City of Anaheim this 22nd day of June, 1993 ~YO O~HE T~EIM ATTEST: CITY CLERK OF THE CITY OF AN~EIM 1851.1\EEGAN\i~ay 21, 1¢793 2 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing Resolution No. 93R-117 was introduced and adopted at a regular meeting provided by law, of the Anaheim City Council held on the 22nd day of June, 1993, by the following vote of the members thereof: AYES: COUNCIL MEMBERS: Feldhaus, Hunter, Pickler, Simpson, Daly NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None AND I FURTHER CERTIFY that the Mayor of the City of Anaheim signed said Resolution No. 93R-117 on the 23rd day of June, 1993. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Anaheim this 23rd day of June, 1993. CITY CLERK OF THE CITY OF ANAHEIM (SEAL) I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original of Resolution No. 93R-117 was duly passed and adopted by the City Council of the City of Anaheim on June 22, 1993. CITY CLERK OF THE CITY OF ANAHEIM EXHIBIT A 1993/94 APPROPRIATIONS LIMIT COMMUNITY FAOILITIES DISTRICT NO. 1989-3 (THE SUMMIT) CALCULATION8 AND COMPARISON OF APPROPRIATIONS SUBJEOT TO LIMIT FY 1992/93 Adopted Appropriations Limit $123,768,464 Adjustment Factor 1.0506 FY 1993/94 Appropriations Limit $130,028,621 ~11~'1993/94 Appropriations Limit $130,028,621 FY 1993/94 Appropriations Subject To Limit 93,827 FY 1993/94 Appropriations Limit Margin $129,934,794 FY 1993/94 Appropriations Limit Margin, As a Percent of Limit 99.9% EXHIBR' B 1993/94 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 1989-3 [TRE SUMMIT) ADJUSTMENT FACTORS POPULATION - Selected Factor: City Population Growth Population count provided by the State Finance Depadment 285,477 Population percent change pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code 2.28% PRICE FACTOR - Selected Factor: ~l~lifornia Per Capita Personal 2.72% Income Growth POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR Population: 2.28%, Converted to a factor 1.0228 Price Factor 2.72%, Converted to a factor 1.0272 Ratio of change: 1.0228 X 1.0272 = 1.0506 EXHIBIT D 1993/94 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO, 1989-3 (THE SUMMIT) PROCEEDS OF TAXES CALCULATION PROCEEDS NON-PROCEEDS OF TAXES OF TAXES TOTAL T~ixes $990,950 0 $950,950 State Subventions 0 0 0 Service Char9es 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 $950,950 $0 $950,950 Interest 0 0 0 Totel $950,950 $0 $950,950 TOTALS GPJ~ND TOTAL S950r9~