CC RES 1984-040RESOLUTION N0. 84 -40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES ESTABLISHING THE 1984 -85
FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY
OF RANCHO PALOS VERDES
WHEREAS, The City of Rancho Palos Verdes has herefor established
its 1983 -84 Fiscal Year Appropriation Limit of $5,469,157 (Five Million
Four Hundred Sixty Nine Thousand One Hundred Fifty 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 1984 -85 Fiscal Year Appropriations
Limit;
Consumer Price Index change on a March to March
basis for the period ending March, 1984,
plus 4.7% (four point seven percent);
Population adjustments for 1983, plus 21.55%
( twenty one point fifty f ive 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 1984 -85 Fiscal Year Appropriation Limit of the
City of Rancho Palos Verdes: $6,962,237 (Six Million Nine Hundred Sixty Two
Thousand Two Hundred Thirty Seven Dollars).
Section 2: The City Clerk shall certify to the passage of this
Resolution.
APPROVED and ADOPTED on July 17, 1984.
MAYOR
ATTEST
L/
/(�TFY CLERK
State of California
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO LOFTHUS, City Clerk of the City of Rancho Palos Verdes, hereby
certify that the above Resolution No. 84 -40 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on July 17,
19840
City Clerk, itq ncho Palos Verdes
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