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Resolution - 9467RESOLUTION NO. 9467 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, SETTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR ENDING JUNE 30, 1998. WHEREAS, Article XIIIB of the California Constitution requires the Legislative •Body to establish its appropriations limit at a regularly scheduled meeting for the upcoming fiscal year ending June 30, 1998; and WHEREAS, Section 7910 of the Government Code requires the governing body of each local jurisdiction to make such determinations and establish its appropriations limit by resolution; and WHEREAS, the appropriations limit documentation has been available for public inspection for the required fifteen days, per Section 7910 of the Government Code, prior to the approval of the limit by Legislative Body. WHEREAS, for the fiscal year ending June 30, 1998, the appropriations limit has been computed using the change in population for the City of West Covina (rather than for the County of Los Angeles) and the change in California per capita personal income. NOW, THEREFORE, the City Council of the City of West Covina does resolve as follows: SECTION 1. The appropriations limit for year ending June 30, 1998, is established at $54,687,635; and SECTION 2. That the City Clerk shall certify to the adoption of this resolution and the same shall be in full force in effect immediately upon adoption. APPROVED AND ADOPTED this 1st day of July , 1997. ATTEST: G /c_,�t City Clerk I HEREBY CERTIFY that the foregoing Resolution No. 9467 was duly adopted by the City Council of the City of West Covina at a regular meeting thereof, held on the 1st day of July , 1997, by the following vote of the Council: AYES: Councilmembers NOES: Councilmembers ABSENT: Councilmembers • APPROVED AS TO FORM: City Attorney Appropriations Limit for FY 1997-98 Herfert, Howard, Melendez, Touhey, Wong None None