CC RES 1986-009RESOLUTION NO, 86- 9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES ESTABLISHING THE 1985 -86 FISCAL
YEAR APPROPRIATION LIMIT FOR THE CITY OF RANCHO
PALOS VERDE S
WHEREAS, The City of Rancho Palos Verdes has herefor established its
1984 -85 Fiscal Year Appropriation Limit of $6,962,237 (six million nine
hundred sixty two thousand two hundred thirty seven 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 1985 -86 Fiscal Year Appropriations Limit;
Consumer Price Index change on a March to March
basis for the period ending March 1985 plus
3.74% (three point seven four 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 follow-
ing figure accurately represents the 1985 -86 Fiscal Year Appropriation
Limit of the City of Rancho Palos Verdes: $71244,291 (seven million two
hundred forty four thousand two hundred ninety one dollars).
Section 2: The City Clerk shall certify to the passage of this Resolu-
tion.
APPROVED and ADOPTED on March 4 19
ATTEST:
CITY CLERK
S to 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. 86-9 was duly and regularly
passed and adopted by the said City Council at a regular meeting thereof
held on March 4 , 1986, ,
City Clkfrk, City of Rancho Pa3'os Verdes
705CP /RES3.1 Resolution No. 86 -9