44 Gann Limit
44 Gann Limit
1/4/2005 8:14:04 PM
10/1/2002 9:39:56 PM
City Clerk Records
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TOWN OF TRUCKEE <br /> California <br /> <br />RESOLUTION NO. 2002-44 <br /> <br />A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br />ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2002-03 <br />PURSUANT TO ARTICLE XlIIB OF THE CALIFORNIA CONSTITUTION <br /> <br />WHEREAS, Article XIIIB of the California Constitution provides that the total annual <br />appropriations subject to limitation of each governmental entity, including this Town, <br />shall not exceed the appropriation limit of such entity of government for the prior year <br />adjusted for changes in population and inflation mandated by Proposition 4 passed in <br />November 1979, and Proposition 111 in June 1990, except as otherwise provided for in <br />said Article XIIIB and implementing State statutes; and <br /> <br />WHEREAS, pursuant to said Article XIIIB of said California Constitution, and Section <br />7900 et seq. of the California Government Code, the Town is required to set its <br />appropriation limit for each fiscal year; and <br /> <br />WHEREAS, the Town Manager has interpreted the technical provisions of said <br />Propositional computations and has caused a technical review to be made of the <br />documentation for the Town's said appropriation limitation, and has caused the <br />numbers upon which the Town's appropriation limit was and is based to be calculated, <br />and in the process has relied on the temporary base limit approved by the voters upon <br />incorporation on November 3, 1992, to the prior fiscal year of 2001-02; and <br /> <br />WHEREAS, the calculation of the Revised Appropriation Limit from the Base Fiscal <br />Year of 1993-94 through each of the intervening fiscal years to Fiscal Year 2001-2002 <br />was made based upon the Town's Claim for increased property taxes filed against the <br />County of Nevada in Superior Court and based upon the Settlement Agreement and <br />Mutual General Release signed in May, 2001; and <br /> <br />WHEREAS, based on such calculations the Town Manager has determined the <br />appropriation limit and, pursuant to Section 7910 the California Government Code, has <br />made available to the public the documentation used in the determination of said <br />appropriation limit; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF <br />TRUCKEE that said appropriation limit for fiscal year 2002-03 shall be and is hereby set <br />in the amount of $10,192,257 for said fiscal year. <br /> <br />The foregoing Resolution was introduced at a Regular Meeting of the Town Council of <br />the Town of Truckee, held on the 1st day of August, 2002. <br /> <br /> <br />
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