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CC Resolution No. 9639 ~ RESOLUTION NO. 96~ A RESOLUT[ON OF THG CI'I'Y COUNCIL OF TfiE Ct'CY Of CUPERTINO ESTABLISHING AN APPROPRIATtON LIMIT FOR F[SCAL YGAR 1996-97 WHEREAS, the State of Califomia has adopted legislation requiring Ioca1 jurisdictions to calculate their appropriation limits in complying with Article XIII B; and WHEREAS, said limiu sue determined by a formula bnsed upon change in populntion, (city or county), combined with either the chAnge in inflntion (Califomia per capita income) or the change in the local assessment roll due to local nonresidential construction; and WHEREAS, the tocal governing body is required to set an appropriation limit by adoption af a resolution; und WHEREAS, the county population percentuge change is 1.12% and the Califomia per capitu personal income change is 4.671 In computing the 1996-97 limit, City Council has elected to use the county population percentage change, and the California per capita income change was used, but the Council has a right to change to nonresidential assessed valuation percentage when the figure is nvailable. NOW, THERF,FORE, BE IT RESOLVED that the City Council of the city of Cupertino hereby upproves a 1996-97 fiscal appropriation limit of $31,500,138. PASSED AND ADOPTED at a resular meeting of the City Council of the City of Cupertino this 17th day of June 1996, by the following vote: y~ Members of the City Council AYES: Bautista, Chang. Dean, Sorensen, Burnett NOES: None ABSENT: None ABSTAIN: None APPROVED: c~~~~~ Mayor, ity of Cupertmo ATTEST: . ~ ~7~)2c~L' City Clerk ~ resolution rcs9639.dnc