Resolution 14726CITY OF ALAMEDA RESOLUTION NO.14726
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 the
levying of 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 "O" set the maximum tax rate at $15/$100,000 of
assessed valuation over 30 years; and
WHEREAS, the required tax rate for Fiscal Year 2012 -13 is $8.50/$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 $8.50/$100,000 of assessed
value for 2012 -13.
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 of the City Council on the 31st day of July, 2012, by the following vote to wit:
AYES: Councilmembers Bonta, deHaan, Johnson, Tam and
Mayor Gilmore — 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 1st day of August, 2012.
Lara Weisiger, City
City of Alameda