pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2022-02-15.pdf, 17
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OaklandRedevelopmentSuccessorAgencyAndCityCouncil | 2022-02-15 | Special Concurrent Meeting of the Meeting Minutes - FINAL February 15, 2022 Oakland Redevelopment Successor Agency/City Council S8 Subject: Library Services Retention And Enhancement Extension From: President Fortunato Bas, Councilmember Kalb And President Pro Tem Thao Recommendation: Adopt A Resolution 1) On The City Council's Own Motion Submitting To The Voters At The June 7, 2022 Election, A Proposed Ordinance Extending The Library Services Retention And Enhancement Act Of 1994 (The "Act") And Making Certain Amendments To The Act; And 2) Directing The City Clerk To Take All Actions Necessary Under Law To Prepare For And Conduct The June 7, 2022 Municipal Election 21-0958 Attachments: View Report View Attachment A View Attachment B View Legislation View Amended Legislation 2/10/2022 89043 CMS The Council amended the legislation with the following changes; on page 5 amending the annual rate to $114.50; on page 8, to section 6 adding part (D) "(D) Fifty percent reduction for affordable housing projects. Rental housing owned by nonprofit corporations and nonprofit-controlled partnerships for senior, disabled and low income households that are exempt from ad valorem property tax pursuant to California Revenue and Taxation Code 214(f), (g), and (h) shall be liable for only 50% of this parcel tax. The exemption shall apply in the same proportion that is exempted from ad valorem property tax"; adding to the end of section 7 "In no event shall the annual tax rate adjustments authorized by this subsection 7(B) exceed five percent (5%) of the tax rates imposed by the City of Oakland pursuant to this Ordinance in the immediately preceding fiscal year.", on page 10, section 10 "C. Citizen Oversight. The City Council shall assign to an existing Board or Commission the responsibility for public oversight of this measure. This Board or Commission shall review all reports related to the expenditure of all revenue collected by the City from the special tax imposed by this Ordinance. The Board or Commission shall provide reports to the City Council on a regular basis and may include recommendations for more effective administration of the funds." on page 13, section 21 to read "The taxes imposed by this Ordinance shall be effective only if approved by two-thirds of the voters who cast ballots regarding this measure at the election held on June 7, 2022 and shall take effect ten (10) days after the vote is declared by the City Council"; and On Page 13, The Ballot Question Single Family Residential parcel rate amended to read "$114.50" City of Oakland Page 17 Printed on 3/7/2022 | 17 | OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2022-02-15.pdf |