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HomeMy WebLinkAboutReso 2006-175 RESOLUTION NO. 2006-175 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING THE APPROPRIA nONS LIMIT FOR THE CITY OF CHULA VISTA FOR FISCAL YEAR 2006/2007 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 $446,907,029 for the 200612007 Fiscal Year. Presented by Approved as to form by ~~jL dl:J~ .~ Ann, oore ( City Attorney Maria achadoorian Fin e Director Resolution No. 2006-175 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 13th day of June 2006 by the following vote: ............" AYES: Councilmembers: Castaneda, Chavez, McCann, Rindone, and Padilla NAYS: Councilmembers: None ABSENT: Councilmembers: None ATTEST: ~ L . Padilla, Mayor ~jJ-~~9~4-~~ Susan Bigelow, MMC, City CI k 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. 2006-175 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 13th day of June 2006. Executed this 13th day of June 2006. ~~?LLL- f3~~ Susan Bigelow, MMC, City Cle -