LWV League of Women Voters of California
Smart Voter
Alameda County, CA November 5, 2002 Election
Measure F
City Services Improvements
City of Albany

Bond Issue - 2/3 vote

3639 / 69.4% Yes votes ...... 1607 / 30.6% No votes

See Also: Index of all Measures

Results as of Nov 15 4:54pm, 100.0% of Precincts Reporting (11/11)
Information shown below: Fiscal Impact | Impartial Analysis | Arguments |

In order to repair and improve recreational facilities; prepare Fire, Police and other City services and buildings for earthquakes and other disasters through retrofit or replacement; improve traffic safety for pedestrians, bicyclists, and motorists; create new parks and improve existing parks; and resurface city streets; shall the City of Albany issue $14.5 million of bonds at tax-exempt rates, subject to guaranteed annual audits?

Fiscal Impact from the City Treasurer:
An election will be held in the City of Albany (the "City") of Alameda County on November 5, 2002, for the purpose of authorizing the sale of $14,500,000 in general obligation bonds. The bonds would be payable from tax levies made upon the taxable property in the City.

The following information regarding tax rates is given to comply with Section 9400 to 9404 of the Elections Code. The best estimate of the tax rates which would be required to be levied to fund the bond issue and an estimate of the year in which such rates would apply, based on a projection of assessed valuation based on information presently available from official sources, upon experience within the City, and other demonstrable factors, expressed as a rate per $100 of assessed valuation, is as follows:

1.First year after the first sale of the bonds (2003-04)$0.0772
2.First year after sale of the last series of the bonds (2003-04)$0.0772
3.Highest annual rate during the entire period of indebtedness (2004-05)$0.0811

The actual tax rates and the years in which such rates are applicable may vary from those currently estimated, due to variations from the official projections and estimates in the timing of bond sales, the amount of bonds sold at any time, the interest rates on the bonds, and the assessed values in the several future years during which the bonds are to be repaid. The estimates are based upon projections and are not binding upon the City. The actual timing of the bond sales and the amount of the bonds sold at any time will be governed by the needs of the City and the then-applicable debt limit. The actual interest rates on the bonds will be based on the market tax-exempt interest rates at the time of the sale of the bonds. The actual assessed values during the several future years will depend upon the amount of taxable property within the City and the value of that property as determined in the assessment and equalization process.

Dated: August 8, 2002
s/KIM DENTON

Impartial Analysis from the City Attorney
This measure, if approved by two thirds of those voting, authorizes the City to issue general obligation bonds up to a maximum principal amount of $14,500,000.00, at an interest determined by the market rate at the time of sale, not exceeding the statutory maximum allowed.

The money raised would be used to finance:
1. the repair and improvement of recreational facilities;
2. the repair, replacement, or retrofit of Police, Fire, and other City buildings for earthquake and other disasters;
3. the improvement of traffic safety projects to benefit pedestrians, bicyclists, and motorists;
4. the improvement of parks and creation of new parks; and
5. the resurfacing of city streets.

The bonds would be repaid by ad valorem taxes imposed on property within the City of Albany. Each bond would have a maturity not exceeding thirty years from the date of issuance. The estimated average annual tax to repay the bonds is $81.55 per $100,000.00 of assessed value of property. Property owners can determine the assessed value of their property from statements from the County Assessor's office or tax bills.

s/ROBERT ZWEBEN

 
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Arguments For Measure F Arguments Against Measure F
Safe streets and buildings for the future. Improved parks and recreation space for our children, seniors, and others. Traffic calming in our neighborhoods. Repaving our streets. Disaster-safe fire, police and other city facilities that will withstand earthquakes so that emergency personnel are available to help us in a disaster.

Measure F brings these improvements to our city.

Our Senior Center, Child Care Center, Teen Center, and Community Center are in continuous need of repairs and improvements. Our neighborhoods have said, "Slow down the traffic!" Our Fire and Police stations and City Hall are at risk in the event of a major earthquake # endangering our employees and trapping the fire engines in the station. Our roads are deteriorating at a rate greater than the available funding to maintain them # resulting in more costly reconstruction if we wait until later. We now have a unique opportunity to acquire a much needed park space from the old Caltrans freeway land adjacent to Pierce Street and to improve our existing parks.

What helps make Albany an attractive place to live, a healthy place to raise our children, and a close-knit community is our commitment to a family-friendly city. Measure F is an opportunity to affirm this commitment with specific investments that will help ensure that we can more safely walk, bicycle, and drive in our city, enjoy safe and accessible parks and recreation space and have emergency personnel available to us in a time of disaster.

The passage of Measure F makes Albany eligible for matching grant funds for projects that we otherwise cannot afford. We cannot pass up these grant monies and let them go to other cities. Keep Albany safe, improve it for our children, and invest in our future. Vote

"Yes" on Measure F.
s/PEGGY THOMSEN, Mayor
s/JEWEL OKAWACHI, Vice-Mayor
s/RUTH GANONG, Former Mayor
s/JACK A. ROSANO, Chair, Civil Service Comm.
s/DOUG DONALDSON, Co-Chair, Earth Quake Preparedness Program

Rebuttal to Arguments For
Notice how the argument in favor of Measure F never mentions taxes or the estimated $372 tax increase on a $400,000 property. Don't be stampeded into believing that all grant moneys will suddenly disappear if we do not fund these projects today. This is the same approach that telemarketers use to get you to buy on impulse. Grant moneys come and go and even better grants might be available a year or two from now. Most grants are not contingent on the method of financing. The estimated $12,000,000 interest we will pay on this bond measure will wipe out any savings from grants. We would still be eligible for grants if we financed using income from other sources instead of our property taxes.

We are sliding down a slippery slope of taxes, taxes and more taxes. Eventually excessive taxation will depress our property values. You may recall that a certain eastern state got the invidious nickname of "Tax-achusetts". We do not want to become known as "Take-It-All-bany." We owe it to ourselves and our descendants to thoroughly examine all the alternatives. We can explore the idea of development along the freeway. Golden Gate Fields has some ideas on the drawing boards we could take a look at. We also might explore other sources of income with community brainstorming meetings like we used in the early 90's. Vote "No" on all three tax measures.
s/TONY CAINE, Albany resident
s/WILLIAM McKENNA, Albany resident

The Council has avoided spelling out exactly how you will be taxed to pay for this bond issue, but their own staff report estimates a hefty property tax increase of $93 per $100,000 valuation. A $400,000 property could see an increase of $372. The ballot description fails to mention a tax increase. Even the full Council resolution printed in your voter's booklet never mentions taxes. Perhaps they hope voters won't realize what a large tax increase this is.

The world will not come to an end if some of these projects are delayed. Go take a look at the "improved" lower Solano Avenue and ask yourselves whether this is actually better than the green-canopied Solano of old. Take a look at the mess our library building is in after only nine years. What kind of quality control does Albany use on projects? Shouldn't they take a break to carefully re-examine their procedures? It is better to do it right the first time. The principle of how future City projects will be funded is crucial. We cannot afford to have our taxes escalated without restraint.

Albany has failed to follow through on income producing projects such as the voter approved Golden Gate Fields cardroom which could have eliminated the need for all three measures currently on this ballot. If the council had not been dominated by an anti-cardroom majority, a replacement measure could have long ago been placed before the voters to overcome the legal objections of cardroom opponents. The Council must respect the expressed wishes of the voters above its own ideologies and work harder at developing alternate sources of income instead of always tapping our pockets whenever it needs money. Send them a message by voting against all three Albany ballot measures.
s/TONY CAINE, Albany Resident
s/WILLIAM McKENNA, Albany Resident
s/JOYCE ANDERSON, Albany Resident
s/JOHN ANDERSON, Albany Resident
s/WILLIAM E. DARIN, Albany Resident

Rebuttal to Arguments Against
Vital capital improvements have been approved by Albany, but are stalled for lack of money. This bond sustains Albany's quality of life by funding:
  • Traffic safety projects that slow traffic throughout the city, helping us cross our streets, and assisting Police in enforcement.
  • Projects that put police, fire and city services in buildings that are earthquake and disaster ready. Let's not risk trapping our fire engines and emergency personnel in a disaster.
  • Park improvements and additions that can be enjoyed by all.
  • Street repaving before further deterioration endangers safety and increases the cost of repair.
  • Repairs and improvements to our Senior Center, Child Care Center, and Teen Center to keep Albany vibrant and thriving.

Past projects have been successful # such as the Solano Avenue street improvements that have attracted new business and building upgrades, and solved serious sewer and drainage problems.

The Community Center and Library building is a hugely popular and wise public investment, built with contractor agreements and insurance protections to cover current repairs.
Measure F covers both commercial and residential properties. The median Albany home is assessed at $170,000. The average homeowner's cost for Measure F is $139/year, equivalent to $81.55 per $100,000 of assessed (not market) value.
Measure F is an opportunity to reaffirm our commitment to Albany with specific investments so we can safely walk, bicycle, and drive in our city; enjoy safe, accessible parks and recreation space; and have emergency personnel available to us.

Vote `YES" ON MEASURE F.
s/REX HIGGINBOTHAM, Youth Sports Administrator
s/JEWEL OKAWACHI, Vice-Mayor
s/CLARA-RAE GENSER, Chair # Library Board
s/DOLORES DALTON, Chair, Albany Planning & Zoning Commission
s/DOUG DONALDSON, Co-Chair, EQPP


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Created: December 6, 2002 03:14 PST
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