Ordering a City-Wide Special Election for 11-8-2022 propositions calling for amendments to the City Charter

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Proposition O %ua r ProPosition 0 ballot lane..e shall read: Shall Sec. 79 of the Charter be amended to provide that the City Council shall determine the appropriate date that tax anticipation notes shall mature and be payable? ❑ For ❑ Against If Proposition 0 is approved by the voters on November 8, 2022, Sec. 79 of the Charter will thereafter read as follows: Sec. 79. Borrowing in anticipation of property taxes. In any fiscal year, in anticipation of the collection of the property tax for such year, whether levied or to be levied in such year, the council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "tax anticipation note for the year 20_" (stating the budget year). Such notes shall mature and be payable on a date to be determined by the council. Proposition P Pro osition P ballot language shall read: Shall Sec. 80 of the Charter be amended to provide that the City Council shall determine the date that negotiable notes of the City shall mature and be payable? ❑ For ❑ Against If Proposition P is approved by the voters on November 8, 2022, Sec. 80 of the Charter will thereafter read as follows: Sec. 80. Borrowing in anticipation of other revenues. In any fiscal year, in anticipation of the collection or receipt of other revenues of that budget year, the council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "special revenue note for the year 20_" (stating the budget year). Such notes may be renewed from time to time, but all such notes, together with the renewals, shall mature and be payable on a date to be determined by the council.