Res20 15917 - Laserfiche WebLink

Browse Search

EXHIBIT "A" CITY OF REDWOOD CITY Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza) OFFICIAL BALLOT SPECIAL TAX ELECTION This ballot is for a special, landowner election for the City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza). You must return this ballot in the enclosed postage paid envelope for receipt in the office of the City Clerk of the City by no later than the hour of 5:00 p.m. on Friday, November 29 2020 either by mail or in person. The Clerk's office is located at 1017 Middlefield Road, Redwood City, California 94603. To vote, mark a cross (X) on the voting line after the word "YES" or after the word "NO." All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the Clerk and obtain another. BALLOT MEASURE: Shall the following measure be adopted: authorizing the City of Redwood City ("City") to (i) levy special taxes solely on lands within City of Redwood City Community Facilities District No. 2020-1 (Seaport Centre/Seaport Plaza) ("CFD") in accordance with the rate and method contained in the City Council resolution establishing the CFD ("Formation Resolution"), to pay for the public facilities and public services specified in the Formation Resolution and to pay the costs of the City in administering the CFD, which services special taxes are expected to be levied in perpetuity and at the estimated rate of $0.15 per taxable building square foot starting in fiscal year 2021-22 for Seaport Centre wet utility maintenance (assuming an annual budget of $150,000) and at the estimated rate of $0.085 per taxable building square foot starting in fiscal year 2023-24 for levee maintenance (assuming an annual budget of $100,000), in each case with annual escalation thereafter, and which facilities special taxes are expected to be levied over a period of 16 years and at a variable rate per taxable building square foot (estimated to be $1.01 per taxable building square foot starting in fiscal year 2023-24) that is expected to raise an amount sufficient to pay the purchase price of levee improvements in annual installments, such purchase price, estimated to be $11,500,000, to be fully amortized over 15 years, plus interest at a rate that changes annually based on the Wall Street Journal prime rate as published each June 1, plus 200 basis points; (ii) establish an annual appropriations limit for the CFD in ATTY/RESO.0133/CC RESO CALLING FOR SPECIAL ELECTION RWC CFD SEAPORT REV: 11-13-2020 MI Page 4 of 6 RESO. NO. 15917 MUFF NO. 506