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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />ENDORSING EAST BAY REGIONAL PARK DISTRICT'S PROPOSED EXTENSION <br />OF REGIONAL OPEN SPACE, WILDLIFE, SHORELINE AND PARKS BOND <br />WHEREAS, the City of Pleasanton and the East Bay Regional Park District are public <br />agencies jointly responsible for providing important public services to our resident constituents; <br />and <br />WHEREAS, the East Bay Regional Park District has expanded by more than 34,000 <br />acres of parkland and shoreline in the last 20 years, largely as a result of funding provided by <br />the 1988 voter approved bond measure AA which also provided $60 million in funding for local <br />parks and recreation projects; and <br />WHEREAS, in response to continuing community interest, the East Bay Regional Park <br />District Board of Directors has approved placing a bond measure on the November 2008 ballot <br />to extend the Measure AA program; and <br />WHEREAS, the proposed measure would replicate and extend the successful $225 <br />million Measure AA bond passed in 1988; and <br />WHEREAS, the specifics of the Park District's proposed park bond extension measure <br />are as follows: <br />• The proposed issuance of bonds is structured to remain at or below the existing tax <br />rate of $10 per $100,000 of property value for property owners. <br />• The $500 million bond initiative must be approved by two-thirds of voters in Alameda <br />and Contra Costa counties in November 2008. <br />• $125 million (25%) of the bond proceeds will fund local park and recreation projects <br />on aper-capita grant program to cities and other local agencies. <br />• The City of Pleasanton would receive $3,171,377 in funding from the bond extension <br />measure. <br />• $375 million (75%) of the bond proceeds will fund regional park acquisitions, open <br />space preservation, park development, habitat restoration and an emergency <br />reserve. <br />• A detailed project list has been complied which is available to the public. <br />• The Park District Board of Directors will conduct annual public hearings on projects <br />to be selected and funded by Measure WW. <br />• EBRPD's Park Advisory Committee provides oversight review. <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pleasanton <br />does hereby endorse the East Bay Regional Park District's Proposed Extension of Regional <br />