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~ RESOLUTION 2001- 66 ~ <br />RESOLUTION `OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS <br />ESTABLISHING THE 2001-02 FISCAL YEAR APPROPRIATION LIMIT <br />FOR THE TOWN OF LOS GATOS <br />WHEREAS, the Town of Los Gatos has established its Base Year appropriationlmit <br />as .$5,849,120 (Five Million, Eight Hundred Forty-nine, One Hundred Twenty Dollars); and <br />WHEREAS, the cumulative appropriate changes to the Town's population, the <br />Consumer Price Index, and per capita income statewide since the 'Base Year established the revised <br />Proposition 111.,1996-97 fiscal Year Appropriation Limit as $14,714,173 (FourteenMillion,Seuen Hundred <br />Fourteen Thousand, One Hundred Seventy Three Dollars) as adjusted; and <br />WHEREAS, to the best of this Town's knowledge and belief, the State Department of <br />Finance figures provided to this Town in response to Proposition 111 passed by the voters in June 1990, as <br />audited, reflect the appropriate statistics relevant to the calculation of the 2001-02 Fiscal Year Appropriation <br />Limit; County population adjustments for 2001-02, plus 1..0147 (One point zero -one four seven percent), <br />Town population adjustments for 2001-02, plus 1.0107 (One point zero one zero seven percent), <br />:Per Capita Personal Income change for 2001-02, plus 1.0782 (One point zero seven eight two percent). <br />THEREFORE, BE IT RESOLVED, based on the foregoing figures and the provisions <br />of Article XIIIB of the Constitution of the State of California, the following figure accurately represents the <br />2001-02 Fiscal Year Appropriation Limit for the Town of Los Gatos as .calculated by the Town's auditors, <br />Maze & Associates; $20,757,491 (Twenty Million, Seven Hundred Fifty-.:Seven Thousand, Four Hundred <br />Ninety-One Dollars). <br />:PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of <br />Los Gatos, California, held on the 18th day of June, .2001 by the following vote: <br />COUNCIL MEMBERS: <br />AYES: Randy Attaway, Sandy Decker, Steve Glickman, <br />Mayor Joe Przynski. <br />NAYS: None <br />ABSENT: Steven Blanton <br />ABSTAIN: None <br />.SIGNED: <br />AYOR OFT E TOWN OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />ATTEST: <br />~. Ge2e` <br />CLERK OF °I'HE TOWN OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />