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HomeMy WebLinkAboutResolution No. 41994 t'` 3 RESOLUTION NO. 4199 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, ESTABLISHING THE CITY'S APPROPRIATIONS LIMIT FOR THE 1993 -94 FISCAL YEAR. WHEREAS, Article X111B of the State Constitution establishes and defines annual appropriation limits of local government; and WHEREAS, appropriations subject to such limits may not exceed such limits; and WHEREAS, Chapter 1205 of the Government Code requires that each year the governing body shall, by resolution, establish its appropriations limits. NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Cypress, hereby establishes the FY 1993 -94 appropriations limit as follows: 1993 -94 Appropriation Limit 1993 -94 Population Option Used 1993 -94 Inflation Option Used $24,997,882 Orange County Growth (2.72 %) California Per Capita Income (minus 2.15 %) PASSED AND ADOPTED by the City Council of the City of Cypress, at a regular meeting held on the 14th day of June 1993. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS MAYOR OF THE CI BF✓ CYPRESS I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted by said City Council at a regular meeting held on the 14th day of June, 1993; by the following roll call vote: AYES: 5 COUNCIL MEMBERS: NOES: 0 COUNCIL MEMBERS: ABSENT: 0 COUNCIL MEMBERS: Age, Bowman, Nicholson, Partin and Kerry None None / 2/ CITY CLE•i' OF T CITY OF CYPRESS