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R11186ATTACHMENT J 1 City Council Meeting: June 25, 2019 Santa Monica, California RESOLUTION NO. 11186 (CCS) (CITY COUNCIL SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA ESTABLISHING THE GANN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2019-20 WHEREAS, pursuant to the provisions of Government Code section 7910 and Article XIIIB of the California Constitution, the City Council of the City of Santa Monica (the “City Council”) is required to establish its appropriations limit by resolution; and WHEREAS, pursuant to Government Code sections 7901 and 7910, the final calculation of the appropriations limit has been determined, and the adjustment factors on which the calculation is based are a 8.59% change in non-residential assessed valuation and a -0.01% change in population growth for the County of Los Angeles; and WHEREAS, documentation used in the determination of the appropriations limit has been available to the public for at least fifteen (15) days prior to adoption as required by Government Code section 7910. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS FOLLOWS: SECTION 1. For purposes of Article XIIIB of the California Constitution, the City of Santa Monica appropriations limit for the Fiscal Year 2019-20 shall be $2,323,025,579 calculated as follows: DocuSign Envelope ID: C329B2DD-578B-433B-A01B-6BC5B0033E39 ATTACHMENT J 2 FY 2018-19 Gann Limit a $2,139,479,622 Factors Non-Residential assessed Valuation b 1.08590 County Population Change c 0.99990 = Total adjustment factor (b*c) X 1.08579 FY 2019-20 Gann Limit $2,323,025,579 a As adopted by City Council on June 12, 2018 (Resolution No. 11125 CCS) b L.A. County Assessor 2018-19 Secured Tax Rolls c Per State Department of Finance – May 2019 SECTION 2. The City Clerk shall certify to the adoption of th is resolution, and thenceforth and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: _______________________ LANE DILG City Attorney DocuSign Envelope ID: C329B2DD-578B-433B-A01B-6BC5B0033E39 Adopted and approved this 25th day of June 2019. __________________________ G l e a m D a v i s , M a y o r I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do hereby certify that Resolution No. 11186 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 25th day of June 2019, by the following vote: AYES: NOES: Councilmembers Himmelrich, Jara, Morena, McKeown, Winterer Mayor Davis, Mayor Pro Tem O’Day None NoneABSENT: A T T E S T : _____________________________________ D e n i s e A n d e r s o n - W a r r e n , C i t y C l e r k DocuSign Envelope ID: C329B2DD-578B-433B-A01B-6BC5B0033E39