HomeMy WebLinkAboutTC Res 1999-05-19
RESOLUTION NO. 3333
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A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TIrnURON ESTABLISHING
AN APPROPRIATION LIMIT FOR FISCAL YEAR 1999/2000
PURSUANT TO ARTICLE :xm B. OF THE CONSTITUTION
OF THE STATE OF CALIFORNIA
WHEREAS, Article XIII B, of the Constitution of the State ofCa1ifornia provides that
total annual appropriations subject to exceed the appropriations limit of such entity of government
for the prior year adjusted for changes in the cost ofliving and population, except as provided for
in Article XIII B; and
WHEREAS, pursuant to Article XIII B, of the Constitution of the State of California, the
Town Council of the Town of Tiburon deems it to be in the best interests of the Town ofTiburon
to establish an appropriations limit for the Fiscal Year 1999/2000; and
WHEREAS, the previously established limit for Fiscal Year 1998/99 was $3,872,729, and
the State Department of Finance has detennined that the 1999 Per Capita Personal Income Factor
is 4,53%, and the 1999 Population Change Factor is 3,21%; the Finance Director estimates that
legislated pass-through fees of the County will be $26,000; the Finance Director of the Town of
Tiburon has detennined that the an appropriations limit in the amount of $4,204, 110 shall be
established for Fiscal Year 1999/2000,
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NOW THEREFORE, BE IT RESOLVED by the Town Council of the Town of Tiburon
that an appropriations limit in the amount of $4,204, 11 0 is established for Fiscal Year 1999/2000
pursuant to Article XIII B, of the Constitution of the State of California.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Tiburon on May 19, 1999 by the following vote:
AYES
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bach, Gram, Hennessy, Thompson
None
Matthews
BY:
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MOGENS BACH, ~YOR
A~
r DIANE L. CRANE, TOWN CLERK
Resolution No. 3333 - Replaces Tiburon Resolution No, 3284, June 1998.
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A RESOLUTION OF THE TOWN COUNCIL
OF THE TOWN OF TIrnURON APPROVING
THE RATE OF TAX LEVY APPLICABLE TO THE
TOWN'S 1972 OPEN SPACE BOND ISSUE
FOR THE FISCAL YEAR ENDING JUNE 30, 2000
WHEREAS, in 1972 the voters approved the issuance of Open Space Bonds by the Town
ofTiburon to acquire certain real property; and an override tax rate for Fiscal Year 1999-2000 is
applicable to this bonded indebtedness; and
WHEREAS, the Finance Director estimates that total net taxable local secured assessed
value for Fiscal Year 1999-2000 will be approximately $1,751,334,000; that debt service
requirements and associated fiscal agent costs will be $85,000; and has calculated that the
override tax rate per $100.00 of secured assessed valuation should be 0,004853, The override
rate, expressed as a share of total secured assessed valuation, is equal to 0,000048,
NOW, THEREFORE, IT IS RESOLVED that the Town Council of the Town of Tiburon
does hereby approve the rate of 0.0048 per $100.00 oflocal secured assessed valuation as the
override tax levy applicable to the 1972 Open Space General Obligation bond issue for Fiscal
Year 1999-2000, and directs Staff to transmit this resolution to the County Auditor-Controller.
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PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Tiburon on May 19, 1999 by the following vote:
AYES:
NOES:
ABSENT:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bach, Gram, Hennessy, Thompson
None
Matthews
BY:
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MOGENS BACH, MAYOR
ATTEST:
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DIANE L. CRANE, TOWN CLERK
Replaces Tiburon Resolution No. 3282, May 1998
Tiburon Town Council Resolution No. 3332 -May 19.1999