CC Resolution No. 7878
RESOIDTICN 00. 7878
A RESOIIJTICN OF '!HE CITY CXXJNCIL OF '!HE CITY OF aJPERI'INO
ESTABLISHING AN APPROPRIATICN LIMIT FOR FISCAL YEAR 1989-90
WHEREAS, the state of Califoznia has adopted legislation requirhç
local jurisdictions to calculate their awrøpriation limits in c:x.mplyin;¡'
with Article XIII B7
WHERFA'3, said limits are determined by a fOJ:mJla based upon growth and
cost of livin;¡' factors; and
WHERFA'3, the local gcvemin;J body is required to set an awJ:c:µiation
limit by adcptian of a resolution;
WHEREAS, the growth factor is 2.7U and the cost of livhç factor is
4.98%;
lUf, ~U1(t¡, BE rr RESOLVED that the City Council of 0J.pertin0
hereby ~ a 1989-90 fiscal year awJ:op1.iation limit of $22,211,007.
PASSED AND AOOPI'ED
City of OJpertino this
follc::JWin;J vote:
YQ1;§ Members of the City Council
at a regular meethç of the City Council of the
5th day of July , 1989 by the
AYES: Gatto, Johnson, Koppel, Rogers, Plungy
NOES: None
ABSENl': None
~: None
APPR:NED:
/s/ John J. Plungy, Jr.
Mayor, City of 0Jpertin0
ATI'EST:
/s/ Dorothy Cornelius
City Clerk