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League of Women Voters of California Education Fund
Zone IV Bond
Strawberry Recreation District
2/3 vote required
62 / 84.93% Yes votes ...... 11 / 15.07% No votes
Index of all Measures
|Results as of Mar 25 1:39pm, 100.0% of Precincts Reporting (1/1)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
Shall the Zone IV portion of the Strawberry Recreation District incur bonded indebtedness of not to exceed $2,100,000 to finance the acquisition, construction and completion of certain recreational improvements, structures and facilities comprising the dredging, redredging, widening and opening of navigable channels, to provide a safe, adequate and useful recreational small boat channel and lands and easement necessary therefore, for the benefit of said Zone IV and of its inhabitants?
Dated: December 12, 2003
PATRICK K. FAULKNER
|Arguments For Measure G|
Our channel has silted in to the extent that small boat recreation is
possible at higher tides only. Dredging will also improve the flushing
action, thus providing improved water quality in and around the channel.
Our bonds from the last dredging will be completely paid off in
September 2006. There will be no doubling up of principal payments. It
is taking longer and becoming more expensive to obtain dredging
permits. It will be 2005 at least before we will be able to dredge.
Discussions are underway with the owners of the Cove Apartments to
pay for one half the dredging cost from the channel through Strawberry
Shores to the Sausalito channel. This should help reduce the costs to the
homeowners in the district. In any event increased property values
should greatly exceed the costs. Furthermore, since the assessment
involved is paid in the form of a property tax, it will be fully deductible
from taxable income. If we wait too long to dredge, we may find it
impossible to obtain the required permits.
Please join us in voting to protect and improve our property values and
our access to the bay.
s/ Robert M. Allen
s/ John Stephen Graham
s/ Catherine J. Dunlap
s/ James M. Doody, Jr.
s/ Michael G. Fiske
(No arguments against Measure G were submitted)
|Tax Rate Statement|
|An election will be held in Zone IV ("Zone IV") of the Strawberry
Recreation District (the "District") on March 2, 2004, to authorize the sale
of up to $2,100,000 in bonds of the District to finance the acquisition
and construction of certain waterway dredging facilities as described in
the proposition. If the bonds are approved, the District expects to sell
the bonds in one series. Principal and interest on the bonds will be
payable from the proceeds of tax levies made upon the taxable property
in Zone IV. The following information is provided in compliance with
sections 9400-9404 of the California Elections Code.
1. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is 20.6 cents per $100 ($206.00 per $100,000) of assessed valuations in fiscal year 2004-2005.
2. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuation available at the time of filing of this statement, is 38.6 cents per $100 ($386.00 per $100,000) of assessed valuation in fiscal year 2010-2011.
Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions.
Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District. The actual tax rates and the years in which they will apply may vary from those presently estimated due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale and actual assessed valuations over the term of repayment of the bonds. The date of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.