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HomeMy WebLinkAboutResolution 2017-090 N.C.S. 06/19/2017Resolution No. 2017 -090 N.C.S. of the City of Petaluma, California RESOLUTION SUPPORTING ASSEMBLY CONSTITUTIONAL AMENDMENT 4 WHEREAS, revenue and bond measures are among the few means available for local agencies to fund improvements to public buildings and infrastructure; and WHEREAS, the California State Constitution requires a supermajority threshold of two - thirds (66 -2/3 %) of voters to approve special purpose and bond measures for local agencies other than schools; and WHEREAS, in 2000, voters approved Proposition 39, which allowed local school districts to pass bond issues with a 55 percent threshold to finance construction, reconstruction, or replacement of school facilities; and WHEREAS, since 2001, local schools have passed 80 percent of their measures placed before the voters; and WHEREAS, a critical shortage of affordable housing exists today due, in part, to the loss of Redevelopment as a financing tool and local agencies' corresponding inability to finance affordable housing projects; and WHEREAS, local agencies are also confronting a critical shortage of funding to improve public structures and infrastructure, including streets and roads, water /wastewater /storm water, and flood control projects, public safety buildings, and parks; and WHEREAS, Assemblymember Aguiar -Curry has introduced Constitutional Amendment 4 (ACA 4) in the Assembly; and WHEREAS, ACA 4 would lower the threshold from two - thirds (66 -2/3 %) to fifty -five (55) percent for cities, counties, and special districts seeking to pass special revenue and bond measures for affordable housing and public infrastructure projects; and Resolution No. 2017 -090 N.C.S. Page 1 WHEREAS, ACA 4 would further provide protections and accountability measures to assure that the proceeds of such measures would be expended on the projects approved by the voters, and WHEREAS, reducing the threshold for special tax measures and General Obligation bonds from the two - thirds supermajority requirement to fifty -five (55) percent would greatly increase Petaluma's chances to pass a revenue measure dedicated to affordable housing, streets, or other public improvements. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Petaluma supports ACA 4, and authorizes the Mayor to execute a letter expressing that support. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the City foregoing Resolution was introded and adopted by the Council the Ci Petaluma Regular the 19 day June, 2017,( /4t proved as to fo of e of at a meeting on of . by the following vote: R '� ity,,Attoincy AYES: Albertson, Vice Mayor Barrett, Mayor Glass, Healy, Kearney, King, Miller NOES: None ABSENT: None ABSTAIN: None �{ f �f1f 4.Q �•Y Sig .f�' ATTEST:r City Clerk Mayor Resolution No. 2017 -090 N.C.S. Page 2