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10 Attachment 2 - Certification of Sufficiency.Finance Commission INCORPORATED AUGUST 10, 1887 February 25, 2020 Subject: Certification of the Sufficiency of the Finance Commission Initiative Petition Dear Honorable Mayor and Council: On October 7, 2019, proponents of the initiative filed with the Elections Official the petition containing a total number of 2,824 signatures. In order for the petition to pass, 2,099 valid signatures were required, based on the 10% registered voter requirement in the Town of Los Gatos pursuant to California Elections Code Section 9214. The Santa Clara County Registrar of Voters conducted a random sampling technique of at least 500 or 3% of the signatures, whichever is greater (Exhibit A). Therefore, as the Town Clerk and Elections Official, I am Certifying the Sufficiency of the Finance Commission Initiative Petition. Shelley Neis, MMC, CPMC Town Clerk ATTACHMENT 2 CLERK DEPARTMENT (408) 354-6834 Clerk@LosGatosCA.gov TOWN OF LOS GATOS Civic Center 110 E. Main Street Los Gatos, CA 95030 This Page Intentionally Left Blank Exhibit A This PageIntentionallyLeft Blank