Resolution 15384CITY OF ALAMEDA RESOLUTION NO. 15384
REQUESTING AND AHTHORIZING 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 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 the levying of an ad
valorem tax; and
WHEREAS, Resolution No. 14861, adopted by the City Council on
September 17, 2013, authorized the execution and delivery of the City's $9,010,000 2013
General Obligation Bonds (the "2013 Refunding Bonds") and directed to use a portion of
the proceeds to redeem the outstanding 2003 Bonds in full on November 1, 2013; and
WHEREAS, for t ' he 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 of the
bonds; and
WHEREAS, Measure "0" set the maximum tax rate at $15.98/$100,000 of
assessed valuation over 30 years; and
WHEREAS, the required tax rate for Fiscal Year 2018-19 is $4.50/$100,000 of
assessed valuation.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Alameda hereby authorized 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; and
BE IT FURTHER RESOLVED by the City Council of the City of Alameda that the
debt service for the $9,010,000 General Obligation Bonds will be paid from a tax levy on
all real and personal property in Alameda of $4.50/$100,000 of assessed value for 2018-
19.
1, the undersigned, hereby certify that the forgoing Resolution was duly and
regularly adopted and passed by the Council of the City of Alameda in a regular meeting
of the City Council on the 5th day of June 2018, by the following vote to wit:
AYES: Councilmembers Ezzy Ashcraft, Matarrese, Oddie, Vella and
Mayor Spencer — 5.
NOES: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 6th day of June 2018.
APPROVED AS TO FORM:
Lara Weisiger, dity Clerk
City of Alameda
Janet C. City n, CiAtfo7rney
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City of A meda