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TOWN OF TRUCKEE <br /> California <br /> <br /> RESOLUTION NO. 2003-25 <br /> <br /> A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br /> ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2003-04 <br /> PURSUANT TO ARTICLE XlIIB OF THE CALIFORNIA CONSTITUTION <br /> <br />WHEREAS, Article XIIIB of the California Constitution provides that the total annual appropriations <br />subject to limitation of each governmental entity, including this Town, shall not exceed the appropriation <br />limit of such entity of government for the prior year adjusted for changes in population and inflation <br />mandated by Proposition 4 passed in November 1979, and Proposition 111 in June 1990, except as <br />otherwise provided for in said Article XIIIB and implementing State statutes; and <br /> <br />WHEREAS, pursuant to said Article ×IIIB of said California Constitution, and Section 7900 et seq. of the <br />California Government Code, the Town is required to set its appropriation limit for each fiscal year; and <br /> <br />WHEREAS, the Town Manager has interpreted the technical provisions of said Propositional <br />computations and has caused a technical review to be made of the documentation for the Town's said <br />appropriation limitation, and has caused the numbers upon which the Town's appropriation limit was and <br />is based to be calculated, and in the process has relied on the temporary base limit approved by the <br />voters upon 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 Year of 1993-94 <br />through each of the intervening fiscal years to Fiscal Year 2001-2002 was made based upon the Town's <br />Claim for increased property taxes filed against the County of Nevada in Superior Court and based upon <br />the Settlement Agreement and Mutual General Release signed in May, 2001; and <br /> <br />WHEREAS, based on such calculations the Town Manager has determined the appropriation limit and, <br />pursuant to Section 7910 the California Government Code, has made available to the public the <br />documentation used in the determination of said appropriation limit; <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TRUCKEE that <br />said appropriation limit for fiscal year 2003-04 shall be and is hereby set in the amount of $10,517,376 for <br />said fiscal year. <br /> <br />The foregoing Resolution was introduced at a Regular Meeting of the Town Council of the Town of <br />Truckee, held on the 3rd day of July 2003. <br /> <br /> AYES: Vice Mayor Susman, Councilmembers Flodan, Ingalls, Threshie, and Mayor Owens. <br /> NOES: None. <br /> <br /> ABSENT: None. <br /> <br /> Ted Owens Mayor <br /> <br />ATTEST: <br /> <br /> Town Clerk <br /> <br /> <br />