League of Women Voters of California
Clean Water, Safe Parks
City of Oakland
Bond Issue - 2/3 vote
69979 / 80.0% Yes votes ...... 17464 / 20.0% No votes
Index of all Measures
|Results as of Nov 15 4:54pm, 100.0% of Precincts Reporting (244/244)|
|Information shown below: Summary | Fiscal Impact | Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
To improve water quality; provide educational and recreational facilities for children; clean up Lake Merritt; restore Oakland's creeks, waterfront and Estuary; preserve and acquire open space; renovate parks; provide safe public spaces; and provide matching funds to qualify for state and federal funding for these projects, shall the City of Oakland issue $198,250,000 in bonds creating an Oakland Trust for Clean Water, Safe Parks to ensure money will be spent only on approved projects?
The City may use the bond proceeds only to finance the projects/ improvements specified in the measure.
Proceeds from the bonds authorized by this measure would be used to finance: (i) Lake Merritt restoration and water quality improvements; (ii) estuary water-front access, parks and clean up; (iii) Lake Merritt to estuary connection (Lake Merritt Channel) ; (iv) public recreation facilities; and (v) creeks and waterways restoration.
Specifically, the bond proceeds may be used to help finance the following projects:
•replacement of the 12th Street culvert with an arched bridge;
The general obligation bonds would be secured by a supplemental property tax levy based upon the assessed value of real property and improvements within the City (known as an "ad valorem" tax) . The interest rate on the bonds secured by this levy cannot legally exceed twelve percent (12%) per annum.
Approved projects include the following.
The best estimate of the average tax rate which would be required to be levied to fund this bond issue over 46 years, based on estimated assessed valuations, is 1.93 cents per $100 ($19.30 per $100,000) of the estimated assessed valuation. Based on the fiscal year 2002- 03 average assessed value of $175,000 for a single-family residence, the estimated annual tax levy would be $34.
The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations, is 3.67 cents per $100 ($36.73 per $100,000) of the estimated assessed valuation in fiscal year 2019-20. Based on an assessed value of $175,000, the estimated annual tax levy would be $64.
The actual tax rates and the years in which they will apply may vary from estimates due to the timing of bond sales, the amount of bonds sold, market interest rates at the time of each sale, and actual assessed valuations over the repayment term of the bonds.
The City Council may levy and collect additional tax sufficient to pay debt service on the bonds in any fiscal year.
The administrative costs for the issuance and sale of the bonds is included in the approved projects' budget listed above.
There will be other administrative costs associated with this measure; however, these costs cannot be determined until program implementation.
s/ ROLAND E. SMITH, CPA
A "Yes" vote is a vote in favor of authorizing the issuance of general obligation bonds and the levying of the supplemental ad valorem property tax.
A "No" vote is a vote against the issuance of the general obligation bonds and supplemental ad valorem property tax levy.
Measure DD is submitted to the voters of the City in accordance with the Constitution of the State of California. In order to pass, a "Yes" vote by two-thirds (2/3) of the voters voting on the measure is required.
s/ JOHN RUSSO
News and Analysis|
|Arguments For Measure DD||Arguments Against Measure DD|
|Measure DD has been placed on the ballot to implement a comprehensive plan to clean up Lake Merritt, improve water quality and expand recreational opportunities for Oakland citizens.
Measure DD has earned the support of all segments of the Oakland community.
Specifically Measure DD will:
•Clean up Lake Merritt, Oakland creeks and improve the water quality flowing into the estuary
By passing this measure, Oakland will be eligible for additional state and federal matching funds that will be given to other communities if Measure DD does not pass. The cost (less than $20 per $100,000 of assessed valuation of property) is reasonable and tax deductible.
All funds raised by Measure DD can only be spent on specific projects authorized in the Oakland Trust for Clean Water, Safe Parks plan. There will be an annual audit to ensure all money is spent properly.
All funds will stay in Oakland to benefit all Oakland children and residents.
Please vote YES on Measure DD.
s/ JOHN SUTTER
Director, East Bay Regional
VOTE NO ON MEASURE DD! Providing safe places for kids to play, away from gangs and drugs, is a worth-while goal. Except here it's just a catchword - there's just $10,000,000 for youth recreation and sports facilities. That doesn't approach real needs.
VOTE NO ON MEASURE DD! In reality, as the Ordinance indicates, this pie-in-the-sky bond measure arises from the City's Estuary Policy Plan. That Plan "proposes a variety of uses that strengthen Oakland's position as an urban center, accommodate economic growth, and encourage development that complements the downtown and adjacent neighborhoods." These bonds are proposed to benefit special interests along the waterfront, and the Port of Oakland. But all of us are asked to pay!
VOTE NO ON MEASURE DD! Oakland already has the highest per capita debt in the state, over $4,000 for every resident. More debt just means higher taxes, higher costs for goods and services, higher rents! Defeat these bonds and make politicians come back with real plans to clean up Lake Merritt and provide citywide recreation or kids!
VOTE NO ON MEASURE DD!
s/ ARTHUR B. GEEN Executive Vice President Alameda County Taxpayers Association
|Measure DD is incredibly deceptive, unwarranted, and unaffordable. VOTE NO ON MEASURE DD!
It's deceptive because out of $198,250,000 of bonds the taxpayers would have to pay off, only $4,500,000 is earmarked for Lake Merritt waterfilters - and yet they list "clean water "as the first attribute. It's deceptive because only a fraction would actually be used to "clean up "Lake Merritt.
VOTE NO ON MEASURE DD!
It's unwarranted because most of the proposed spending should come from the City's general funds or Port of Oakland funds. In truth, the proposed bonds would construct pet projects of ego- driven politicians, mainly along the scruffy Estuary. Don't be deceived by their deceptive language.
VOTE NO ON MEASURE DD!
This November ballot is loaded with billions of dollars of proposed bond issues. Bonds aren't "free money "- they must be paid off by the taxpayers, you and me! The bonds called for in Measure DD rank far down the scale of important services that would be funded by bonds or taxes. Choose carefully, prioritize, and then VOTE NO ON MEASURE DD!
s/ ARTHUR B. GEEN Executive Vice President Alameda County Taxpayers Association
If he'd done his homework, he'd know that Measure DD is dedicated to improving water quality including Lake Merritt, the Estuary and Oakland creeks which flow into the Lake and the Bay.
Here are the facts:
The time has come to transform Oakland's parks and waterfront into a safe, clean and friendly place.
We urge you to vote YES on Measure DD.
|Tax Rate Statement from The City Manager|
|An election will be held in the City of Oakland (the "City") on November 5, 2002, to authorize the sale of up to $198,250,000 in bonds of the City to finance improving the recreational facilities, water quality, open space, and public access bordering Lake Merritt, the Oakland estuary, creeks, and Lake Merritt Channel, and including the Studio One Arts Center and the East Oakland Aquatic Center as described in the proposition. If the bonds are approved, the City expects to sell the bonds in five series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the City. The following information is provided in compliance with Sections 9400- 9404 of the Elections Code of the State of California.|
1. The best estimate of the average tax rate which would be required to be levied to fund this bond issue over 46 years, based on estimated assessed valuations available at the time of filing of this statement, is 1.93 cents per $100 ($19.30 per $100,000) of assessed valuation.
Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on the official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that the foregoing information is based upon the City's projections and estimates only, which are not binding upon the City. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the City based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the City as determined in the annual assessment and the equalization process.
s/ ROBERT C. BOBB
|Full Text of Measure DD|
|WHEREAS, the City of Oakland has, through years of extensive public outreach and receiving volumes of public input from the residents of Oakland, adopted the Estuary Policy Plan and developed the Lake Merritt Park Master
Plan for the purpose of preserving and enhancing open space, recreation and economic development activities along Oakland's lake and water front and protecting the environment and water quality;
WHEREAS, the Lake Merritt Park Master Plan states:
"Lake Merritt is a park for all of Oakland. The Master Plan promotes a park concept that strengthens the natural resource value for wildlife while providing a unique outdoor experience to people who use the park. As a part of the downtown urban fabric, the park becomes a central green - a place of respite for residents and visitors alike. Recommendations carefully balance the needs of human users with provisions that improve habitat value. ";
WHEREAS, the Estuary Policy Plan has been incorporated as part of Oakland's General Plan so that:
"The Estuary Policy Plan calls for a system of open spaces and shoreline access that provides recreational use opportunities, environmental enhancement, interpretive experiences, visual amenities, and significant gathering places . . .
WHEREAS, residents of the City of Oakland, through opinion surveys and City Council public hearings, have strongly expressed support for youth recreational facilities and programs in order to provide youths with positive recreational activities, and the City Council has conducted numerous public hearings to plan and develop the East Oakland Aquatic Center and the Studio One seismic improvements and renovations.
WHEREAS, creek protection and restoration projects reflect the priorities of the City's watershed improvement program, which include water quality improvement, hydrology, flood prevention, and wildlife habitat preservation and which program has the support of community organizations and a variety of county, state and federal agencies;
WHEREAS, it is desirable to implement public priorities pursuant to the Estuary Policy Plan, the Lake Merritt Master Plan, and develop public recreation facilities, and to ask voters to approve public investments for the implementation;
WHEREAS, the City of Oakland has certified three previous programmatic environmental impact reports that broadly cover the potential, adverse, significant environmental impacts associated with the proposed improvements described herein. These EIRs are as follows: The Estuary Plan EIR (6/ 99) , the Land Use and Transportation Element (LUTE) EIR (6/ 98) and the Coliseum Area Redevelopment Plan EIR (6/ 95);
WHEREAS, in compliance with the California Environmental Quality Act (CEQA), Section 15162, the City has completed a review of the proposed projects using the three previously certified EIRs as a basis to prepare an addendum to each certified EIR which demonstrates that there will be no new significant environmental effects or a substantial increase in the severity of previously identified significant effects as the result of implementation of the proposed projects;
WHEREAS, the Oakland City Council has reviewed the following environmental documentation for the proposed project:
•The Estuary Plan FEIR (6/ 99)
WHEREAS, the City Council on July 9, 2002, unanimously adopted Resolution No. 77253, entitled a "resolution of the City Council of the City of Oakland determining and declaring that the public interest and necessity demand water quality improvements, recreational facilities, Lake Merritt, Estuary and creek rehabilitation and restoration and open space acquisition and improvements to be financed through the issuance of general obligation bonds (the "Resolution");
WHEREAS, pursuant to said Resolution the City Council found and determined that the cost of these improvements would require City expenditures greater than the amount allowed for by the annual tax levy of the City and that public interest and necessity demand the rehabilitation, restoration, acquisition and completion of these improvements;
WHEREAS, in order to provide for the issuance by the City of Oakland of general obligation bonds to finance the improvements and acquisitions described in said Resolution, it is now necessary for the City Council to pass an ordinance ordering the submission of the proposition of incurring bonded indebtedness for such purposes to the qualified voters of the City of Oakland at an election held for that purpose; and
WHEREAS, the City Council therefore desires to submit said ballot measure to the qualified voters of the City at a general municipal election to be held on November 5, 2002.
NOW, THEREFORE, the Council of the City of Oakland does ordain as follows:
Section 1. A municipal election is hereby called and ordered to be held in the City of Oakland on November 5, 2002, at which election there shall be submitted to the qualified voters the ballot measure set forth below in Section 2.
Section 2. The following measure shall appear on the ballot for said Municipal election in the following form:
MEASURE DD: To improve water quality; provide educational and recreational facilities for children; clean up Lake Merritt; restore Oakland's creeks, waterfront and Estuary; preserve and acquire open space; renovate parks; provide safe public spaces; and provide matching funds to qualify for state and federal funding for these projects, shall the City of Oakland issue $198,250,000 in bonds creating an Oakland Trust for Clean Water, Safe Parks to ensure money will be spent only on approved projects?
The City Council does hereby submit to the qualified voters of the City of Oakland, at the said municipal election, this Ordinance and the measure set forth above.
Section 3. The object and purpose of incurring the indebtedness is to acquire and construct water quality improvements for and related to Lake Merritt, Lake Merritt Channel, the Estuary and creeks in Oakland, to improve, renovate and construct youth and public recreational facilities including the East Oakland Sports Center, Studio One and Fairyland, to rehabilitate and acquire parks, open space and other recreational, safety and maintenance facilities, and to provide safe public access to Lake Merritt, Lake Merritt Channel, and the Estuary. The estimated cost of the improvements and acquisitions is One Hundred and Ninety Eight Million and Two Hundred and Fifty Thousand Dollars ($198,250,000). This estimated cost includes legal and other fees, the cost of printing the bonds and other costs and expenses incidental to or connected with the issuance and sale of the bonds. The improvements, acquisition and construction to be funded by the net proceeds of the bonds shall be limited to those listed in Exhibit A attached to this Ordinance.
Section 4. Based on its review and consideration of the foregoing environmental documentation, the Oakland City Council finds that it has received, reviewed and considered the CEQA documentation and other substantive and procedural components of CEQA compliance for the Clean Water, Safe Waterfront Parks and Recreation Trust Fund bond measure. The CEQA documentation prepared for the bond measure has been completed, and review procedures required by CEQA have been completed in conformance with CEQA as set forth in the recitals to this resolution. The City Council further determines that there are no new significant environmental impacts associated with the proposed projects that have not been previously identified in the CEQA documentation, and that there is no substantial increase in the severity of an impact that has been previously identified.
Section 5. The amount of the principal of the indebtedness to be incurred is not to exceed One Hundred and Ninety Eight Million and Two Hundred and Fifty Thousand Dollars ($198,250,000) . The cost of repayment of the bonds is projected to average no more than $20.00 per year per $100,000 of assessed property valuation, provided however that such projection shall not be construed to limit the power and duty of the City Council to cause to be levied and collected a tax sufficient to pay debt service on the bonds in any fiscal year.
Section 6. The maximum rate of interest to be paid on the indebtedness shall not exceed twelve percent (12%) per annum, or such higher rate as may be established for general obligation bonds of the City by the legislature of the State of California.
Section 7. The net proceeds of the bonds shall be deposited into a special trust account with the treasury of the City of Oakland and shall be allocated and expended at the direction of the City Council of the City of Oakland for purposes set forth in this Ordinance. The City Council shall order an independent audit of the expenditure of bond proceeds no later than three years from the date of the issuance of the bonds for such proceeds to ensure proceeds are being expended for purposes set forth in this Ordinance.
Section 8. The City Council does hereby submit to the qualified voters of the City, at said municipal election, the ordinance and ballot measure set forth in Section 2. The City proposes to rehabilitate, renovate, acquire or construct the improvements referenced herein and to issue and sell general obligation bonds of the City of Oakland pursuant to Article 1, commencing with Section 43600, of Chapter 4 of Division 4 of Title IV of the Government Code of the State of California, in one or more series, in the maximum amount and for the objects and purposes set forth above if two-thirds of all qualified voters voting on the ballot measure vote in favor thereof. The bonds are to be general obligations of the City of Oakland payable from and secured by taxes levied and collected in the manner prescribed by laws of the State of California. All of said bonds are to be equally and ratably secured, without priority, by the taxing power of the City.
•Replace 12th Street culvert with arched bridge to increase tidal flow and flushing into Lake Merritt
•Children's Fairyland improvements, including historic restoration, drainage, amphitheater and play structure improvements
•Create park space and beach area along Lake Merritt south shore and redesign 12th Street to create safe pedestrian and bicycle access from Lake Merritt to Kaiser Convention Center and Channel Park
II. ESTUARY WATERFRONT ACCESS, PARKS AND CLEAN UP
•Land acquisition for environmental clean up and conservation
•Pedestrian and bicycle trail acquisition and construction along Estuary waterfront to provide continuous public access from Jack London Square to Martin Luther King, Jr. Regional Shoreline ($19.5 million)