HomeMy WebLinkAboutRDA Res 81-05 1981-06-22
RESOLUTION NO. BI'-5
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF SEAL BEACH, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT FOR
FISCAL 1981-82 AS REQUIRED BY ARTICLE
XIII B OF THE STATE CONSTITUTION MORE
COMMONLY REFERRED TO AS PROPOSITION 4,
THE GANN INITIATIVE.
I THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
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WHEREAS,
it is desirable to establish, each fiscal year, an
appropriations limit to curtail expenditure of tax revenues
in conformity with Article XIII B of the State Constitution;
and
WHEREAS,
it is important to set the aforementioned appropriations
limit before adoption of the annual budget for the following
fiscal year; and
W,HEREAS,
it has been determined that establishment of an appropriations
limit is a legislative act.
NOW, THEREFORE BE IT RESOLVED that for the fiscal year ending June 30, 1982
the Redevelopment Agency of the City of Seal Beach establishes an appropriations
limit of $0. Be it also resolved the foregoing appropriations limit excludes
proposed appropriations of $505,000 which are not subject to the spending
limitations imposed by Article XIII B of the State Constitution.
AYES:
NOES:
ABSENT:
11
PASSED, APPROVED AND ADOPTED by the Redeve10
Beach at a meeting thereof held on the
1981 by the following vote:
,
Agency members
Agency members
Agency members
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Chairman ~ ,
ATTEST:
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