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HomeMy WebLinkAboutReso 2004-207 RESOLUTION NO. 2004-207 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING THE APPROPRIATIONS LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2004/2005 WHEREAS, Article XIIIB of the California Constitution approved by the voters in 1979 and commonly referred to as the Gann Initiative, requires each local government to establish an appropriations limit by resolution each year at a regularly scheduled meeting or noticed special meeting; and WHEREAS, the purpose of the limit is to restrict spending of certain types of revenues to a level predicated on a base year amount, increased annually by an inflation factor. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby establish an appropriations limit of $406,875,338 for the 2004/2005 fiscal year. Presented by Approved as to form by MtÆ¿#- 0..-- ~ Ann Moore City Attorney fa- Finance Director Resolution 2004-207 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 15th day of June, 2004, by the following vote: AYES: Councilmembers: Davis, McCann, Rindone, and Padilla NAYS: Councilmembers: None ABSENT: Councilmembers: Salas ATTEST: LLL ?J.LU1.~ÛJì' -' Susan Bigelow, CMC, Ci Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2004-207 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 15th day of June, 2004. Executed this 15th day of June, 2004. ~J I"" í * {)c.---J Susan Bigelow, CMC, City rk