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RES 2013-071CITY OF SOUTH LAKE TAHOE RESOLUTION NO. 2013 -71 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH LAKE TAHOE ESTABLISHING THE APPROPRIATION LIMIT FOR THE FISCAL YEAR 2013/2014 IN COMPLIANCE WITH PROPOSITION 111 IN THE AMOUNT OF $61,939,867 WHEREAS, Article XIIIB of the California Constitution and Section 7910 of the Government Code of the State of California provide that the governing body of each jurisdiction shall by resolution establish its appropriation limit for the following fiscal year; and WHEREAS, Proposition 111 approved in November 1990 now requires that the limit be calculated using new growth factors; and WHEREAS, the City Council has reviewed the appropriate growth factors and does hereby choose the population growth within El Dorado County to better reflect the average daily population; and WHEREAS, the City Council has reviewed the appropriate cost of living factors and does hereby choose the per capita personal income factor; and WHEREAS, documentation used in determination of the appropriation limit has been available to the public since September 9, 2012, in the Accounting Division, meeting the required fifteen (15) day period for public inspection as required by law; and WHEREAS, the Council of the City of South Lake Tahoe now desires to adopt said appropriation limit, NOW THEREFORE, BE IT RESOLVED by the Council of the City of South Lake Tahoe that the appropriation limit for the 2013 /2014 fiscal year is established as being $61,939,867. PASSED AND ADOPTED by the City Council of the City of South Lake Tahoe on November 5, 2013 by the following vote. AYES: Council members DAVIS, COLE, CONNER. LATNE & SWANSON NOES: Council members ABSENT: Council members ABSTAIN: Council members f ` 4)ct Tom Davis ATTESV a Susan Alessi, City Clerk