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RESOLUTION 2010- <br />RESOLUTION OF THE TOWN COUNCII, OF THE TOWN OF LOS GATOS <br />ESTABLISHING THE FY 2010/11 APPROPRIATIONS LIMIT <br />FOR THE TOWN OF LOS GATOS <br />WHEREAS, Article ~ of the California Constitution (Limitation of Government Appropriations) was <br />passed by the California electorate on November 6, 1979, and became effective on July 1, 1980; and <br />WHEREAS, Chapter 1205, Statute of 1980, Section 7900 of the California Government Code formally <br />implements methods for governmental entities to establish and define annual appropriations limits; and <br />WHEREAS, the growth factors used to calculate the Annual Appropriations Limit are County or Town <br />population change and the increase in the California per capita income. <br />THEREFORE, BE TT RESOLVED, that the Annual Appropriations Limit for the Town of Los Gatos for <br />FY 2010/11 is $28,667,689 as reflected in Exhibit A. <br />PASSED AND ADOPTED at a regular meeting of the Town CouncIl of the Town of Los Gatos, <br />California, held on the7th day of June 2010 by the following vote: <br />COUNCIL MEMBERS: AYES: <br />NAYS: <br />ABSENT: <br />ABSTAIN: <br />SIGNED: <br />MAYOR OF THE TOW1~T OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />ATTEST: <br />CLERK ADMINISTRATOR OF THE TOWN OF LOS GATOS <br />LOS GATOS, CALIFORNIA <br />ATTACHI\4ENT 1 <br />