Resolution 15655CITY OF ALAMEDA RESOLUTION NO. 15655
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 FOR THE
ALAMEDA LIBRARY
WHEREAS, on November 7, 2000, voters of the City 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 $1 0,600,000 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 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 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 2020-21 is $4.00/$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 City 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 $9,01 0,000 General Obligation Bonds will be paid from a tax levy on
all real and personal property in Alameda of $4.00/$100,000 of assessed value for 2020-
21 .
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I, 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 2nd day of June 2020, by the following vote to wit:
AYES: Councilmembers Daysog, Knox White, Oddie, Vella and
Mayor Ezzy Ashcraft-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 3rd day of June 2020.
Approve ~ . ~~/~.
Yibin Shen, Cit Attorney
City of Ala eta
Lara Weisiger, ty Clerk
City of Alameda