Resolution 15200CITY OF ALAMEDA RESOLUTION NO. 15200
SUPPORTING BART'S GENERAL OBLIGATION BOND MEAS11RE
TO FUND BART'S SAFETY, RELIABILITY AND TRAFFIC RELIEF
PROGRAM
WHEREAS, BART has developed the BART System Renewal Program (the
"Safety, Reliability, and Traffic Relief Program") to invest in the renewal of the BART
system by improving safety and access, repairing and replacing critical infrastructure,
and increasing capacity; and
WHEREAS, BART estimates it will cost at least $9.6 billion over the coming 10
years to rebuild a core system that is now 44 years old. BART has secured
approximately one-half of the $9.6 billion; and
WHEREAS, voters on November 8, 2016 in San Francisco, Alameda and Contra
Costa counties will have an opportunity to decide whether to authorize BART to issue
$3.5 billion in general obligation bonds for the Safety, Reliability and Traffic Relief
Program, to be repaid by district property owners; and
WHEREAS, BART will establish an Independent Oversight Committee to ensure
the bond measure projects are carried out with an excess of transparency,
accountability and integrity.
NOW, THEREFORE, BE IT RESOLVED that the Alameda City Council supports
BART's general bond measure to invest in the renewal of the BART system.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda in a regular
meeting assembled on the 20th day of September, 2016, by the following vote to wit:
AYES: Councilmembers Daysog, Ezzy Ashcraft, Matarrese, Oddie
and Mayor Spencer — 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 21 St day of September 2016.
Lara Weisiger, 64 Clerk
City of Alameda
Approved as to Form:
Janet Kern, City Attorney
City of Alameda