CC RESOLUTION 4327RESOLUTION NO. 4327
A RESOLUTION ADOPTED BY THE EL SEGUNDO CITY
COUNCIL AMENDING THE CITY'S APPROPRIATIONS LIMIT
ESTABLISHED BY RESOLUTION NO. 4273 AND ADOPTED
SEPTEMBER 17, 2002.
BE IT RESOLVED by the Council of the City of El Segundo as follows:
SECTION 1: The City Council finds 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 17, 2002 the City Council adopted Resolution No. 4273
which set the Appropriations Limit for fiscal year 2002/2003 at
$140,551,214
E. 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 Administrative Services Department has presented the City
Council with a revised Appropriations Limit for fiscal year 2002/2003 as
adjusted by the factors identified in this Resolution.
SECTION 2: Pursuant to Article XIIIB 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 2002/2003.
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 2002/2003 at $63,231,056
SECTION 4: Section 1 of Resolution No. 4273 is revised to read as follows: "The
appropriation limit for the City of El Segundo for FY 2002/2003 is $62,231,056."
SECTION 5: Unless amended by this Resolution, all other provisions of Resolution No.
4273 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 this 16TH day of SEPII&ER , 2003.
Mike Gordon,
Mayor
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, hereby
certify that the whole number of members of the City Council of the City is five; that the
foregoing Resolution No. 1,327 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 16TH day of
SFP110MVR , 2003, and the same was so passed and adopted by the following roll
call vote:
AYES: GORDON, JACOBS. GAINES, MCDOWELL, WERNICR
NOES: NONE
ABSENT: NONE
ABSTAIN:
NONE
ATTEST:
Cindy M esen,
City Clerk
APPROVED AS
Mark D. Hensl , i
By: /�' �� T ' �
Karl H. Berger
Assistant City Atto y