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Res 08-079 RESOLUTION NO 08-079 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY, CALIFORNIA, APPROVING THE TEMPORARY SUSPENSION OF THE INCREASE IN COMPENSATION FOR THE MAYOR AND MEMBERS OF THE CITY COUNCIL WHEREAS, a weak US economy, falling home values, consumers' inability to access credit, and declining sales tax activity have hurt City revenues, and WHEREAS, on September 23, 2008, the City Council reviewed $1,095,930 in proactive budget adjustments, and WHEREAS, all economic indicators point to serious financial stress for at least two more years NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Poway as follows. Section 1 The foregoing recitals are hereby fully incorporated herein by this reference and are deemed a material part of this Resolution. Section 2: The City Council of the City of Poway hereby approves temporarily suspending the following City Code provision as follows A. Poway Municipal Code section 2.04020 City Council Compensation The compensation increase imposed by Ordinance No 672 and codified at PMC section 2.04 020 (A) with regard to compensation for the City Council is hereby suspended for a period of twenty-four (24) months from the effective date of this Resolution. All other provisions of PMC section 2.04 020 shall remain in full force and effect. Section 3 Notwithstanding any other provision of this Resolution, the City Council reserves the right to terminate, at any time, the twenty-four (24) month suspension period set forth in Section 2 herein. Any such termination shall be by majority vote of the City Council at a duly held City Council meeting Section 4 This Resolution shall become effective immediately upon adoption by the City Council of the City of Poway, California Resolution No 08-079 Page 2 PASSED, ADOPTED, AND APPROVED by the City Council of the City of Poway at the regular meeting this 14th day of October 2008 - n, MMC, City C erk STATE OF CALIFORNIA ) )SS COUNTY OF SAN DIEGO ) I, Linda A. Troyan, City Clerk of the City of Poway, do hereby certify under penalty of perjury that the foregoing Resolution No 08-079 was duly adopted by the City Council at a meeting of said City Council held on the 14th day of October 2008, and that it was so adopted by the following vote. AYES BOYACK, HIGGINSON, REXFORD, CAFAGNA NOES NONE ABSTAIN' NONE ABSENT. EMERY DISQUALIFIED' NONE , . Troyan, MMC, Ity Clerk Poway