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HomeMy WebLinkAbout5905 RESOLUTION NO. 5905 .' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA SUPPORTING PROPOSITION 203, THE STATE SCHOOL BOND WHEREAS, the needs of the State's K-12 schools, colleges and universities are enormous with more than half of the State-s K-12 school buildings being more than thirty years old and over 140,000 new K-12 students entering the State's schools each year; and WHEREAS, the State School Bond will provide money for K-12, as well as college and university construction needs, which can only be used to build new schools, earthquake retrofit, repair and upgrade older classrooms, and construct laboratories and libraries and other needed facilities; and WHEREAS, an investment in the educational infrastructure of the State is an investment in the fulure economic and business prosperity within the State; and WHEREAS, these bonds have received broad support from groups such as the California Business Roundtable, California Chamber of Commerce, California Business Alliance, California Building Industry Association, California Taxpayers Association, Congress of California Seniors, California State PTA, California School Boards Association, Association of California School Administrators, and the California Teachers Association; and WHEREAS, the citizens of Arcadia will benefit from a State School Bond; and WHEREAS, because of passing its own local bond measure, Arcadia's schools qualify for priority funding from the next State school bond issue to meet the commitment of $13.5 million from State matching funds; and WHEREAS, with the passage of the State bond issue, Arcadia Unified School, Dislrict will not need to issue the last $5 million of its local bond, thus saving local property owners from additional property taxes. 5905 . NOW, THEREFORE, THE CITY COUNCil OF THE CITY OF ARCADIA, CALIFORNIA DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOllOWS: SECTION 1. That the City Council of the City of Arcadia, California supports Proposition 203, the State School Bond measure on the March 26, 1996 ballot. SECTION 2. That Ihe City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted this 20th day of Februarv 1996. ATTEST: rcadia APPROVED AS TO FORM: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ). SS: CITY OF ARCADIA ) I, June D. Alford, City Clerk of the City of Arcadia, hereby certify that the foregoing Resolution No. 5905 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor/and attested to by the City Clerk at a regular meeting of Pro 'fern said Council on the 20th day of February 1996 and that said Resolution was adopted by the following vote, to wit: AYES: Councilrnember Chang, Kuhn, Ulrich and Young NOES: None ABSENT: Councilmember Lojeski A9 - 2 - 5905