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1 of 9 <br /> Ordinance # June 19, 2018 <br />DRAFT ORDINANCE <br /> <br />AN ORDINANCE OF THE PEOPLE OF THE TOWN OF LOS GATOS, CALIFORNIA <br />IMPOSING A GENERAL TRANSACTIONS AND USE TAX <br />FOR A PERIOD OF TWENTY YEARS <br /> <br /> <br />WHEREAS, Town of Los Gatos residents have indicated that the quality of life in Los Gatos is <br />highly valued; and <br /> <br />WHEREAS, the Town of Los Gatos has over $70 Million in unmet infrastructure needs for <br />projects such as pothole, street, and road repair, the proper maintenance of which are <br />important to maintaining local property values and quality of life; and <br /> <br />WHEREAS, the Town seeks to not only maintain, but enhance neighborhood police patrols and <br />local crime prevention programs, both of which are priorities identified by the public; and <br /> <br />WHEREAS, the Town also seeks to improving traffic flow to reduce traffic congestion ; and <br /> <br />WHEREAS, repairing potholes and maintaining LosAGatos’ streets, roads, and sidewalks so they <br />do n o t deteriorate further and become even more costly to fix in the future has been a <br />longstanding objective of the Town ; and <br /> <br />WHEREAS, locally -enacted funding sources such as a voter -approved sales tax are not subject <br />to seizure by the State, and must be spen t in Los Gatos to maintain its local services; and <br /> <br />WHEREAS, the proposed measure requires Independent Citizens Oversight, mandatory <br />financial audits, and yearly reports to the community to ensure funds are spent as promised <br />and would sunset in 20 years ; a nd <br /> <br />WHEREAS, under the provisions of the laws relating to general law cities in the State of <br />California, an election shall be held on November 6 , 201 8 , for the submission to the voters of a <br />question relating to a local one -eight h -cent (0.125 %) sales tax; a nd <br /> <br />WHEREAS, it is desirable that the election be consolidated with the statewide election to be <br />held on the same date, and that within the Town , the precincts, polling places, and election <br />officers of the two elections be the same; and <br /> <br />NOW THEREFORE, THE PEOPLE OF THE TOWN OF LOS GATOS DO ORDAIN AS FOLLOWS: <br /> <br />SECTION 1 . INCORPORATION OF REC ITALS. The People of Los Gatos, subject to voter approval, <br />find that all Recitals are true and correct and incorporate them herein by this reference. <br /> <br />ATTACHMENT 1