CC RES 1989-059RESOLUTION 89 -59
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1989 -90 FISCAL YEAR APPROPRIATION
LIMIT FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established
its 1988 -89 Fiscal Year Appropriation Limit of $8,151,370
(Eight Million One Hundred Fifty one Thousand Three
Hundred Seventy Dollars); and
WHEREAS, to the best of this City's knowledge and belief
the State Department of Finance figures reflect the following
statistics relevant to the calculation of the 1989 -90 Fiscal
Year Appropriation Limit:
Consumer Price Index change on a March to
March basis for the period ending March
1989: plus 4.46% (+ Four Point Four Six Percent).
Population Adjustment for 1989: plus .50%
(+ Five Tenths of One Percent).
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
Section 1: Based on the foregoing figures and the
provisions of Article XIII B of the Constitution of the State
of California, the following figure accurately represents the
1989 -90 Fiscal Year Appropriation Limit of the City of Rancho
Palos Verdes: $8,557,308 (Eight Million Five Hundred Fifty
Seven Thousand Three Hundred Eight Dollars).
Section 2: The City Clerk shall certify to the passage
of this Resolution.
APPROVED and ADOPTED on the loth day of June, 1989.
MAYOR
ATTEST
CITY CLERK
�tate of California >
County of Los Angeles > ss
City of Rancho Palos Verdes
I, Jo PURCELL, City Clerk of the City of Rancho Palos
Verdes, hereby certify that the above Resolution No. 89 -59
was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on June 20, 1989.
City Clerk
City of Rancho Palos Verdes