CITY OF ALAMEDA RESOLUTION NO. ________
DECLARING INTENTION TO INCUR BONDED INDEBTEDNESS OF
THE PROPOSED CITY OF ALAMEDA COMMUNITY FACILITIES
DISTRICT NO. 22-1 (ALAMEDA MARINA)
WHEREAS, this City Council has this date adopted a Resolution Declaring Intention to Establish a Community Facilities District and To Authorize the Levy of Special Taxes Therein – Alameda Marina , stating its intention to form a community facilities district pursuant to the City of Alameda Special Tax Financing Improvement Code (the “Law”) for the purpose of financing the costs of certain improvements (the “Facilities”), as further provided in said Resolution; and
WHEREAS, in order to finance costs of the F acilities, it is necessary to incur bonded indebtedness for the District as described below.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that:
1. It is necessary to incur bonded indebtedness within the boundaries of the proposed City of Alameda Community Facilities District No. 22-1 (Alameda Marina) (the “District”) in the amount of not to exceed $37,000,000 to finance costs of the Facilities.
2. The bonded indebtedness described in Section 1 is proposed to be incurred for the purpose of financing costs of the Facilities, including costs incidental to or connected with the financing thereof.
3. This City Council, acting as legislative body for the District, intends to authorize the issuance and sale of bonds for the District in the maximum aggregate principal amount of $37,000,000, bearing interest payable semi -annually or in such other manner as this City Council shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and maturing not to exceed fifty (50) years from the date of the issuance of the bonds.
4. During the City Council meeting set for Tuesday, April 19, 2022, commencing at 7:00 p.m. this City Council, as legislative body for the District, will conduct a public hearing on the proposed debt issue and consider and finally determine whether the public interest, convenience and necessity require the issuance of bonds of the City for the District.
5. The City Clerk is hereby directed to cause notice of the public hearing to be given by publication one time in a newspaper of general circulation circulated within the area of the District. The publication of the notice shall be completed at least seven (7) days before the date for the public hearing. The notice shall substantially in the form of Exhibit A hereto, as may be revised if persons are allowed to attend the public hearing and provide testimony in the City Council Chambers.
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6. This Resolution shall take effect upon its adoption.
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EXHIBIT A
CITY OF ALAMEDA
COMMUNITY FACILITIES DISTRICT NO. 22-1
(ALAMEDA MARINA)
NOTICE OF PUBLIC HEARING
Notice is hereby given that during the Alameda City Council meeting on Tuesday, April 19, 2022, commencing at 7:00 p.m. the City Council will hold a public hearing to consider the following:
INTENT TO INCUR INDEBTEDNESS
CITY OF ALAMEDA
COMMUNITY FACILITIES DISTRICT NO 22-1
(ALAMEDA MARINA)
On March 15, 2022, the City Council of the City of Alameda adopted a Resolution entitled “Declaring Its Intention To Incur Bonded Indebtedness of the Proposed City of Alameda Community Facilities District No. 22-1 (Alameda Marina)” (the “Resolution of Intention to Incur In debtedness”). Reference is hereby made to the Resolution of Intention to Incur Indebtedness on file in the office of the City Clerk of the City of Alameda for further particulars.
In the Resolution of Intention to Incur Indebtedness, the City Council dec lared its intention to authorize the issuance and sale of bonds in the maximum principal amount of $37,000,000 for the City of Alameda Community Facilities District No. 22-1 (Alameda Marina) to finance costs of certain improvements. The testimony of all interested persons, including all persons owning property in the area included in the proposed community facilities district, for or against the proposed debt issuance will be heard at the public hearing.
Any person interested in these matters is invited t o attend the public hearing and provide testimony either for or against the above item. If you challenge the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice or in written correspondence delivered to the City Council at or prior to the public hearing.
Councilmembers can attend the Council meeting via teleconference. The City of Alameda allows public participation via Zoom.
For information to assist with Zo om participation, please click:
https://www.alamedaca.gov/zoom. For Zoom Regular meeting registration, please click:
https://alamedaca-gov.zoom.us/webinar/register/WN_CJ5hZOLIRmiKn53vKmD4jw.
For Telephone Participants: Zoom Phone Number: 669 -900-9128 Zoom Meeting ID: 818 8223 5431
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Any requests for reasonable accommodations should be made by contacting the City Clerk’s office: [email protected] or 510-747-4800.
City Hall will NOT be open to the public during the Council meeting.
/s/ Lara Weisiger
City Clerk,
City of Alameda
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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 15th day of March 2022, by the following vote to wit:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 16th day of March 2022.
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda