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CC RESOLUTION 4224RESOLUTION NO. 4224 A RESOLUTION ADOPTED BY THE EL SEGUNDO CITY COUNCIL AMENDING THE CITY'S APPROPRIATIONS LIMIT ESTABLISHED BY RESOLUTION NO. 4183 ADOPTED SEPTEMBER 19, 2000. BE IT RESOLVED by the Council of the City of El Segundo as follows: SECTION 1: The City Council fmds as follows: A. Article XIIIB of the California Constitution requires the City to set its Appropriations Limit on an annual basis. B. The City's Appropriations Limit may be adjusted annually based upon inflation and population growth. C. The City Council may choose the method of calculating adjustments to the City's Appropriations Limit on an annual basis. For inflation, pursuant to Article XIIIB, § 8(e)(2), adjustments to the Appropriations Limit may be calculated using either the percentage change in per capita personal income from the preceding year or the percentage change in the local assessment roll from the preceding year because of local nonresidential new construction. For population growth, pursuant to Government Code § 7901(b), the City may either use the percentage growth either in its jurisdiction or from the surrounding county. D. On September 19, 2000 the City Council adopted Resolution No. 4183 which set the Appropriations Limit for fiscal year 2000/2001 at $45,786,920. E. The City Council believes that the calculations made adjust to the City's Appropriations Limit in Resolution No. 4183 imprecisely reflected the true cost incurred by the City for providing public services. Different calculations using the factors identified in this Resolution would have more accurately reflected the City's actual costs for providing public services. F. It is in the public interest for the City to correct previous inaccuracies whenever practicable in order to preserve the public welfare. Accordingly, based upon the California Constitution and applicable law, the City's Finance Department has presented the City Council with a revised Appropriations Limit for fiscal year 2000/20001 as adjusted by the factors identified in this Resolution. SECTION 2: Pursuant to Article XII1B of the California Constitution, and those Government Code sections adopted pursuant to Article XIIIB, § 8(f), the City Council chooses to revise the City's Appropriations Limit for fiscal year 2000/2001 by calculating inflation using the percentage change in the City's assessment roll from the preceding year because of local nonresidential new construction and calculating population growth by using the percentage change in population in Los Angeles County. SECTION 3: As a result of the adjustments made to the City's Appropriations Limit, the City Council sets the Appropriations Limit for fiscal year 2000/2001 at $55,229,337. SECTION 4: Section 1 of Resolution No. 4183 is revised to read as follows: "The appropriation limit for the City of El Segundo for FY 2000/2001 shall be $55,229,337." SECTION 5: Unless amended by this Resolution, all other provisions of Resolution No. 4183 will remain in full force and effect. SECTION 6: The City Clerk is directed to certify the passage and adoption of this Resolution; enter same in the book of original Resolutions; and make a Minute of its adoption in the City's records and in the Minutes of the meeting when it was adopted. SECTION 7: This Resolution will become effective immediately upon adoption and will remain effective unless repealed or superseded. PASSED AND ADOPTED this18thday of September , 2001. MAYOR, CITY OF EL SEGUNDO ty Cier APPROVED AS TO : MARK D. HEN Y ATTORNEY By: 4W !' `�Karl H. Berg Assistant Cit