Resolution 14360CITY OF ALAMEDA RESOLUTION NO. �- 4
REQUESTING AND AUTHORIZING THE COUNTY OF
ALAMEDA TO LEVY A TAX ON ALL REAL AND PERSONAL
PROPERTY IN THE CITY OF ALAMEDA AS A VOTER
APPROVED LEVY FOR THE GENERAL OBLIGATION BONDS
ISSUED PURSUANT TO A GENERAL ELECTION HELD
NOVEMBER 7, 2000
WHEREAS, on November 7, 2000, voters of Alameda overwhelmingly
passed Measure "0", authorizing the issuance of bonds in the amount not to
exceed $10,600,000 (the "Bonds ") to finance the acquisition, construction and
completion of a new Main Library facility and improvements to two branch facilities
in the City of Alameda (the "project "; and
WHEREAS, the City of Alameda received a final grant award in December,
2002 in the amount of $15,487,952; and
WHEREAS, Resolution No. 13563, adopted by the City Council on March 4,
2003, authorized and directed the sale of not to exceed $10,600,000 aggregate
principal amount of City of Alameda, California General Obligation Bonds; and
levying an ad valorem tax; and
WHEREAS, for the purpose of paying the principal of and interest on the
Bonds, the City of Alameda must authorize the County of Alameda to levy and
collect annually each year an ad valorem tax in an amount sufficient to pay
principal and interest on the bonds; and
WHEREAS,' Measure "0" set the maximum tax rate at $151$1 00,000 of
assessed valuation over 30 years; and
WHEREAS, the required tax rate for Fiscal Year 2009 -2010 is
$7.01/$100,000 of assessed valuation.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Alameda hereby authorizes the County of Alameda to levy a tax on all real and
personal property in the County of Alameda as a voter - approved levy for the
General Obligation Bonds issued pursuant to the General Election held November
7, 2000.
BE IT FURTHER RESOLVED by the City Council of the City of Alameda
that the debt service for the $10,600,000 general obligation bonds will be paid
from a tax levy on all real and personal property in Alameda of $7.01 per $100,000
of assessed value for 2009-10.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda during the Regular
Meeting of the City Council on the 7th day of July, 2009, by the followin g vote to wit:
AYES: Councilmembers deHaan, Gilmore, Matarrese, Tam
and Mayor Johnson - 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, 1 have hereunto set my hand and affixed the official seal of
said City this 8th day of July, 2009.
Lara Weisiger, Clerk
City of Alameda