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CC RESOLUTION 2461RESOLUTION NO. 2461 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, OPPOSING PROPOSITION NO. 14, THE CALIFORNIA INITIATIVE AMENDMENT ON PROPERTY TAX LIMITATION ( "WATSON AMENDMENT "). WHEREAS, the voters of the State of California will be asked at the November 7, 1972 General Election to approve or dis - approve an initiative amendment to the State Constitution, which amendment would unrealistically limit the power of public agencies to levy property taxes and create indebtedness for the benefit of their respective citizenries; and WHEREAS, it is the opinion of the El Segundo City Council that the proposed amendment is an irresponsible approach to the problem of tax reform because, in part, it misleads the public into believing that there will be a tax decrease when, in fact, a massive tax shift requiring significant State tax increase will result, it causes further erosion to home rule by the probable shifting of financial support and concomitant control of such local functions as schools to the State and by virtue of its restrictions on bonding powers, it seriously jeopardizes the ability of most communities in the State to plan and pay for an orderly growth. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That the Council opposes the adoption of Proposition No. 14, the initiative amendment on property tax limitation, and urges its defeat by the citizens and civic groups of the City of E1 Segundo. SECTION 2. That the City Clerk be and she is hereby directed to furnish copies of this resolution to the Board of Trustees of the E1 Segundo Unified School District, the El Segundo Chamber of Commerce, Senator Robert S. Stevens and Assemblyman Robert G. Beverly. 11376 SECTION 3. That the City Clerk shall certify to the passage and adoption of this resolution; shall enter the same in the book of original resolutions of said City; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City in the minutes of the meeting at which the same is passed and adopted. PASSED, APPROVED and ADOPTED this 9th day of October , 1972. ATTEST; City Clerk (SEAL) Mdyo-r-of the City of El Segundo, California -2- STATE OF CALIFORNIA, ) ) COUNTY OF LOS ANGELES, ) SS CITY OF EL SEGUNDO. ) I, JANE D. HOUGH, , City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing Resolution, being Resolution No. 2461 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 9th day of October , 1972 and that the same was so passed and adopted by the following vote: AYES: Councilmen McGill, Morgan, Nagel, Stephens and Mayor Balmer; NOES: Councilmen None; ABSENT: Councilmen None. WITNESS my hand and the official seal of said City this 19th day of October 1972 i City er o e City of egun o California (SEAL)