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6.3B <br /> Page 3 <br /> RESOI�UTION NO. <br /> RESOLUTION ESTABLISHING APPR4PRIATIONS LIMiT FOR FISCAt <br /> YEAR 2007/08 <br /> WHEREAS, Article X!!! B of the Constitution af the S#ate of California places <br /> various limitations on the City's powers of appropriation; and <br /> V►IHEREAS, Division 9 (commencing with Section 7900) of the Govemment <br /> Code implements said Article Xlll B and requires that each local jurisdictio� shall, by <br /> resolution, estabfish its appropriations fimit for the following yeas. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> �F REDWOOD CiTY AS FOLLOWS: <br /> This Council does hereby estab{ish as the appropriations limit for Fisca{ Year <br /> 2007/08, the amount of $288,449,$08, calcufated in accorciance with the provisions of <br /> Division 9 (commencing with Section 7900)of the Cali#omia Government Code. <br /> * * * <br /> AITYlRESO/RES0.1705 <br /> 050707 <br />