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R112671 City Council Meeting: June 23, 2020 Santa Monica, California RESOLUTION NO. 11267 (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 2020-21 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 5.54% change in non-residential assessed valuation and a -0.11% 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 2020-21 shall be $2,449,026,486 calculated as follows: DocuSign Envelope ID: 38AADD1C-C41B-488B-A140-164DD8978129 2   FY 2019-20 Gann Limit a $2,323,025,579 Factors Non-Residential assessed Valuation b 1.05540 County Population Change c 0.99890 = Total adjustment factor (b*c) X 1.05424 FY 2020-21 Gann Limit $2,449,026,486 a As adopted by City Council on June 25, 2019 (Resolution No. 11186 CCS) b L.A. County Assessor 2019-20 Secured Tax Rolls c Per State Department of Finance – May 2020 SECTION 2. The City Clerk shall certify to the adoption of this resolution, and thenceforth and thereafter the same shall be in full force and effect. APPROVED AS TO FORM: _______________________ GEORGE S. CARDONA Interim City Attorney DocuSign Envelope ID: 38AADD1C-C41B-488B-A140-164DD8978129 Adopted and approved this 23rd day of June 2020. __________________________ Kevin McKeown, Mayor I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do hereby certify that Resolution No. 11267 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 23rd day of June 2020, by the following vote: AYES: Councilmembers Davis, Himmelrich, Jara, Morena, Winterer, Mayor Pro Tem O’Day, Mayor McKeown NOES: None ABSENT: None ATTEST: _____________________________________ Denise Anderson-Warren, City Clerk DocuSign Envelope ID: 38AADD1C-C41B-488B-A140-164DD8978129