28463 / 74.4% Yes votes ...... 9797 / 25.6% No votes

See Also: Index of all Measures

The City of Fremont proposes to issue bonds not to exceed $51,000,000 with a maturity not to exceed the maximum term allowed by law (40 years) with annual interest thereon not to exceed the maximum rate allowed by law (12%). The bonds would be repaid through a property tax levied upon the taxable value of real property and the improvements thereon.

A "yes" vote is a vote to authorize the issuance and sale of the general obligation bonds not to exceed the principal amount of $51,000,000. The funds derived from the sale of the bonds would be expended to improve Fremont's fire safety and emergency response capability by replacing three small, substandard fire stations; strengthening the remaining seven fire stations to better withstand earthquakes and serve the community after an emergency; and building a public safety training center.

A "no" vote is a vote not to authorize the issuance and sale of said bonds.
s/HARVEY E. LEVINE

City of Fremont Description of Bond Measure

• Replacing three small, substandard fire stations where modern equipment does not fit and which do not meet the needs of fire and emergency response services provided by today's firefighters (Fire Station 2 in Niles, Station 6 in Centerville, and Station 8 in North Fremont).
• Strengthening and renovating seven other fire stations to better withstand earthquakes. Seismic improvements will help ensure fire stations can survive the initial quake and continue to function after the event.
• Building a public safety training center serving the training needs of fire- fighters, police officers, Community Emergency Response Team volunteers, and other emergency response personnel and community groups.

All of these improvements will be completed within seven years. All funds raised will be deposited in a special account and can be used only for these specific projects.

We all need these new and improved facilities now. The safety of your family depends on it.

Join us in voting yes on Measure R.
s/JUDY ZLATNIK, Vice Mayor
s/STEVE CHO, Councilmember
s/BILL PEASE, Councilmember
s/ROBERT WASSERMAN, Councilmember
s/GUS MORRISON, Mayor

The following information regarding tax rates is given to comply with Sections 9400-9404 of the California Elections Code. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the City, and other demonstrable factors. Based upon the foregoing and projections of the City's assessed valuation, and assuming the entire debt service will be amortized through property taxation:

1. The best estimate of the tax which would be required to be levied to fund the bond issue during the first fiscal year after the sale of the first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is 0.716 cents per 100 dollars ($7.16 per $100,000) assessed valuation for the year 2003/04.
2. The best estimate of the tax rate which would be required to be levied to fund the bond issue during the first fiscal year after the sale of the last series of bonds and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of filing of this statement, is 1.075 cents per 100 dollars ($10.75 per $100,000) assessed valuation for the year 2006/2007.
3. The best estimate of the highest tax rate which would be required to be levied to fund the bond issue and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of filing this statement, is 1.075 cents per 100 dollars ($10.75 per $100,000) assessed valuation for the year 2006/2007.

Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which are not binding upon the City. The actual times of sales of said bonds and the amount sold at any given time will be governed by the needs of the City and other factors. The actual interest rates at which the bonds will be sold, which in any event will not exceed the maximum permitted by law, will depend upon the bond market at the time of each bond sale. Actual assessed valuation in future years will depend upon the value of property within the City as determined in the assessment and the equalization process. Hence, the actual tax rates and the years in which such rates are applicable may vary from those estimates.
s/DAVID N. MILLICAN