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File Number: 14-270 <br />2)Approve by a 2/3 vote of all of the members of the City Council the proposed ordinance <br />to extend the existing transactions and use tax at the ½ cent (0.5%) rate, with a 30 year <br />sunset provision, and citizens’ oversight, all as further described in this staff report and <br />the attached Ordinance; and <br />3)Approve by majority vote for first reading the proposed ordinance to rescind in its <br />entirety the existing transactions and use tax, Chapter 2-19 of the San Leandro <br />Municipal Code, contingent upon passage of the ballot measure. <br />PREPARED BY: Eric Engelbart, Assistant to the City Manager, City Manager’s Office <br />Page 5 City of San Leandro Printed on 7/2/2014