Resolution 13251E
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CITY OF ALAMEDA RESOLUTION NO. 13251
DETERMINING THAT THE PUBLIC INTEREST AND NECESSITY DEMAND THE
ACQUISITION AND DEVELOPMENT OF CERTAIN MUNICIPAL IMPROVEMENTS
AND THEIR FINANCING THROUGH THE ISSUANCE OF GENERAL OBLIGATION
BONDS (PUBLIC LIBRARY)
WHEREAS, the City is authorized to issue general obligation bonds to finance municipal
improvements pursuant to certain provisions of the California Government Code, including Article
1, commencing with Section 43600, of Chapter 4 of Division 4 of Title 4 and Article 4.5,
commencing with Section 53506, of Chapter 3 of Part 1 of Division 2 of Title 5 (collectively, the
"Act "); and
WHEREAS, the City intends to issue general obligation bonds (the `Bonds ") under and
pursuant to all or a part of the Act to finance the acquisition and development of the main library,
and the renovation and improvement to the West End Branch Library and the Bay Farm Branch
Library in order to provide adequate space for library services, including increased space for library
collections, meeting room space, and increased space for reading, studying and children's programs,
and to provide for improved access for persons with disabilities and access to technology (the
"Improvements "), which Improvements constitute a single purpose under Section 43606 of the
California Government Code; and
WHEREAS, the City intends to apply for State of California matching funds or other
0 ) F}- matching funds for the Improvements and the proceeds of the Bonds will provide the City's share
for the matching funds; and
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WHEREAS, in order to initiate proceedings under the Act to provide for the financing of the
Improvements, this Council must make certain findings and determinations.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that:
Section 1. The public interest and necessity demand, and it is the intention of the Council
to require, the acquisition and development of the Improvements and to issue general obligation
bonds of the City to finance the cost thereof, subject to completion of the proceedings required by
the Act.
Section 2. The total estimated cost of the Improvements is not to exceed thirty one million
seven hundred thousand dollars ($31,700,000). The estimated cost to be funded by the general
obligation bonds is not to exceed ten million six hundred thousand dollars ($10,600,000). The
issuance of the general obligation bonds will be contingent on qualifying for state matching funds
or other matching funds. If approved, the interest rate of the general obligation bonds will be within
the legal limit. Said estimated costs include provision for legal and other fees, and the cost of
printing of bonds and other costs and expenses incidental to or connected with the issuance and sale
of general obligation bonds to finance the costs of the Improvements.
Section 3. This Council hereby finds and determines that the costs of the Improvements
require an expenditure by the City greater than the amount allowed for it by the annual tax levy of
the City. The principal amount of general obligation bonds of the City to be issued for the
Improvements will not exceed the estimated cost to be funded by the general obligation bonds set
forth above for the Improvements. The Improvements constitute a single purpose under Section
43609 of the California Government Code.
Section 4. This Resolution is adopted, and general obligation bonds of the City, if approved
by two- thirds of all qualified voters voting on the issuance of such bonds, are to be issued, pursuant
to the Act.
Section 5. This Resolution shall take effect upon its adoption by four (4) affirmative votes
of the City Council.
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 adjourned regular meeting
assembled on the 5th day of July , 2000, by the following vote to wit:
AYES: Councilmembers Daysog, DeWitt, Johnson and
Mayor Appezzato - 4
NOES: Councilmember Kerr - 1.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City
this 6th day of July , 2000.
ane Felsch, City Clerk
City of Alameda