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<br /> 7A <br /> Page 5 <br /> WHEREAS, if this measure is approved by voters, the estimated $800,000 <br /> revenue that Redwood City would receive based on the proposed allocation method <br /> could support the acquisition of new park acreage and subsequent costs to maintain the <br /> new parks developed. <br /> NOW, THEREFORE, BE IT RESOLVED THAT THE COUNCIL OF THE CITY OF <br /> REDWOOD CITY, HEREBY: <br /> Endorses and supports the Parks For The Future Ordinance, a 1/8 Cent Sales <br /> Tax Measure on the November 2006 Countywide Ballot which, if made into law, will <br /> increase the Countywide sales tax from its current 8.25% to 8.375%, thus providing an <br /> estimated $800,000 annual revenue to the City of Redwood City for Parks and <br /> Recreation purposes. <br /> * * * <br /> A TTYfRESOfRESO.1642 <br /> 081706 <br /> 2 <br /> - <br />