CC RESOLUTION 40674067
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF EL SEGUNDO, CALIFORNIA,
APPROVING AND ADOPTING THE
APPROPRIATION LIMIT FOR FISCAL YEAR 1998/99
WHEREAS, Article XIIIB of the California Constitution provides that the appropriations
limit for FY 1998/99 is calculated by adjusting the appropriations limit of FY 1997/98, by changes
in either the increase in Nonresidential Assessed Valuation or California per Capita Income, and
changes in population; and
WHEREAS, the appropriations limit for FY 1998/99 has been calculated by the Finance
Department, and
WHEREAS, the City of El Segundo has complied with all the provisions of Article XIIIB,
in determining the appropriations limit for FY 1998/99.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit for the City of El Segundo for FY 1998/99 shall be
$40,665,055.
SECTION 2. The City Clerk shall certify to the passage and adoption of this Resolution;
shall enter same in the book of original Resolutions of said City; and shall make a Minute of the
passage and adoption thereof in the records of the proceedings of the City Council of said City,
in the Minutes of the meeting at which the same is passed and adopted.
1
PASSED, APPROVED AND ADOPTED this 16th day of June 1998.
Mike Gordon, Mayor
City of El Segundo, California
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of said City is five; that the foregoing Resolution
No. 4 0 6 7 was duly passed and adopted by said City Council, approved and signed by the Mayor
of said City, and attested to by the City Clerk of said City, all at a regular meeting of said Council
held on the 16' day of June, 1998, and the same was so passed and adopted by the following vote:
AYES: Gordon, Jacobs, McDowell, Gaines, Wernick
NOES: None
ABSENT: None
ABSTAIN: None
City of El Segundo, California
(SEAL)
APPROVED AS TO FORM:
rk D. Hen ley,
City Attorney
2