pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2022-07-05.pdf, 34
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OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard | 2022-07-05 | Special Concurrent Meeting of the Meeting Minutes - DRAFT July 5, 2022 Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board 13 Subject: Place An Affordable Housing Infrastructure Bond On The November 2022 Ballot From: Finance Department Recommendation: Adopt A Resolution On The City Council's Own Motion Submitting To The Voters At The November 8, 2022, General Municipal Election, A Proposed Ordinance To Authorize Issuance Of $850 Million In General Obligation Bonds To Fund Affordable Housing And Housing Preservation Projects, Transportation Projects, And Various City Infrastructure; And Directing The City Clerk To Fix The Date For Submission Of Arguments And Provide For Notice And Publication, And Take Any And All Actions Necessary Under Law To Submit This Measure To The Voters At The November 8, 2022 General Municipal Election 22-0567 Attachments: View Report W Attachments Vlew Legislation View Supplemental Legislation - 7/7/2022 Councilmembers Bas and Fife requested to be added as cosponsors. On Page 4, in the second WhereAs Clause, adding "to service its voter-approved indebtedness" On Page 4, in the third WheresAs Clause striking "the City Administrator has scheduled for City Council consideration at" and adding "the City Council adopted a resolution amending the City's debt Management policy to include" striking "proposed" adding "maintain the ad valorem property tax rates levied to service its voter approved indebtedness at or below the fiscal year 2022-2023 rate with respect to" striking "manage tax rates". In Section 4 of the Measure: striking the last sentence in the first paragraph "that city council will consider adopting a general obligation bond policy to formalize the tax limits at the July 5, 2022 Specila City COuncil meeting" adding a line before to read "in accordance with this goal, the City's debt management policy includes a General obligation bond policy to maintain the ad valorem property tax rates leveided by the city to service its voter approved indebtedness at or below the fiscal year 2022-2023 rate with respect to fututre city the final amendment was a proposed ballot question provided by the city attorney. A motion was made by Nikki Fortunato Bas, seconded by Rebecca Kaplan, that this matter be Continued to go before the Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council, to be heard 7/11/2022. The motion carried by the following vote: Excused: 1 Gallo Aye: 7 - Fife, Kalb, Fortunato Bas, Kaplan, Thao, Reid, and Taylor NO VOTE: 0 City of Oakland Page 33 Printed on 7/14/2022 | 34 | OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2022-07-05.pdf |