This is an archive of a past election.
See http://www.smartvoter.org/ca/la/ for current information.
LWV League of Women Voters of California
Smart Voter
Los Angeles County, CA November 7, 2000 Election
Measure O
Bonds for Park, Recreation and Open Space
City of Malibu

Advisory Vote Only

3,440 / 58.24% Yes votes ...... 2,467 / 41.76% No votes

See Also: Index of all Measures

Information shown below: Impartial Analysis |

Do you support the City issuing $15 million in general obligation bonds, to be repaid from proceeds of a property tax surcharge, for the purpose of acquiring private property for city park, recreation and open space purposes?

Impartial Analysis from the City Attorney
Measure O asks the voters of Malibu to indicate – in a non– binding manner – whether they would support issuance of a $15 million general obligation bond issue for the purpose of acquiring private property for city park, recreation and open space purposes. The bond issue described in Measure O, should it occur in the future, would be financed with proceeds from a property tax surcharge.

Measure O is an Advisory Question, and its results are not binding. If approved, it will not authorize the issuance of general obligation bonds. If disapproved, it will not prohibit the issuance of general obligation bonds. Rather, it seeks to determine the level of voter support for such a bond to be issued in the future so that the City Council may consider that information.

The stated purpose of Measure O is to determine whether there is a sufficient level of voter support for a bond issue with a property tax surcharge to justify moving forward with the proposal. Following the advisory election on Measure O, the City Council will decide whether to take those next steps, including engaging the financing professionals (underwriter, bond counsel, financial advisor) and preparing the formal bond issue documents. If the City Council decides that there is sufficient public support for a bond issue, it may decide to present that bond issue for official voter approval at a future election. At that future election, the voters of Malibu will be provided information concerning the amount of property tax surcharge which each property owner would pay to finance the bond issue.

This advisory question, whether it is approved or disapproved by the voters, has no effect on the authority of the City under existing law to formally propose the issuance of bonds and to pursue all legally required procedures (including, where necessary, voter approval) for that issuance.

 
Suggest a link related to Measure O
Links to sources outside of Smart Voter are provided for information only and do not imply endorsement.


Los Angeles Home Page || Statewide Links || About Smart Voter || Feedback
Created: January 9, 2001 02:34
Smart Voter 2000 <http://www.smartvoter.org/>
Copyright © 2000 League of Women Voters of California Education Fund
The League of Women Voters neither supports nor opposes candidates for public office or political parties.