Resolution No. 2022-XX Page 1 of 2
DRAFT
RESOLUTION NO. 2022-XX
A RESOLUTIO N OF TH E CIT Y COUNCI L OF TH E CIT Y OF
FREMONT REQUESTING AND AUTHORIZING THE COUNTY OF
ALAMED A TO LEV Y A TA X ON AL L REA L AN D PERSONA L
PROPERT Y IN THE CITY OF FREMON T AS A VOTER APPROVE D
LEV Y WIT H RESPEC T TO TH E CITY'S FIR E SAFET Y BON D MEASURE APPROVED BY THE VOTERS AT THE NOVEMBER 5, 2002
GENERAL MUNICIPAL ELECTION
WHEREAS, pursuant to California Government Code Section 43600 et seq., the City of Fremont (“City”) is empowered to issue general obligation bonds which are authorized by two-thirds of the electors voting on the proposition; and
WHEREAS, more than two-thirds of the electors voting at a general municipal election held in the City on November 5, 2002, voted for a proposition authorizing the issuance by the City of general obligation bonds in the aggregate principal amount of $51,000,000; and
WHEREAS, the City has issued the first series of general obligation bonds pursuant to such authorit y (“Serie s A Bonds”), in an aggregat e principa l amoun t of $10,000,000, designated as “the City of Fremont (Alameda County, California) General Obligation Bonds, Election of 2002, Series A (Fire Safety Project)”; and
WHEREAS, the City has issued the second series of general obligation bonds pursuant to such authority (“Series B Bonds”), in an aggregate principal amount of $25,000,000, ” designated as “the City of Fremont (Alameda County, California) General Obligation Bonds, Election of 2002, Series B (Fire Safety Project)”; and
WHEREAS, the City has issued the third series of general obligation bonds pursuant to such authority (“Series C Bonds”), in an aggregate principal amount of $16,000,000, designated as the “City of Fremont (Alameda County, California) General Obligation Bonds, Election of 2002, Series C (Fire Safety Project)”; and
WHEREAS, the City has refunded the Series A Bonds (“2012 Refunding Bonds”) in an aggregate principal amount of $8,165,000, on May 10, 2012; and
WHEREAS, the City has refunded the Series B Bonds (“2013 Refunding Bonds”) in an aggregate principal amount of $22,005,000 on August 9, 2013; and
WHEREAS, the City has refunded the Series C Bonds (“2017 Refunding Bonds”) in an aggregate principal amount of $12,215,000 on August 23, 2017; and
Resolution No. 2022-XX Page 2 of 2
WHEREAS, the City has refunded the 2012 Refunding Bonds and the 2013 Refunding Bonds (“2021 Refunding Bonds”) in an aggregate principal amount of $16,205,000 on July 29, 2021.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FREMONT AS FOLLOWS:
Section 1. The County is requested and authorized to assume on behalf of the City the collection, payment and enforcement of a $0.0039 levy on each $100 of assessed valuation (0.0039%) in the City, which amount shall be in addition to present ad valorem property tax collections for the City.
Section 2. This Resolution shall take effect immediately upon its adoption by the City Council.
ADOPTED, , 2022, by the City Council of the City of Fremont by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________________
Mayor
ATTEST:
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City Clerk
APPROVED AS TO FORM:
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City Attorney