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.: 5 S IMPARTIAL ANALYSIS BY CITY ATTORNEY City of Riverside Measure I = . The City of Riverside administers the City's public library system. The published mission of the Riverside Public Library is to foster the growth of an informed community by providing books and other library resources, promoting personal competency in seeking and evaluating information and presenting quality programs in a welcoming environment. The Library is primarily funded by a combination of property tax revenues, the City's general fund and library parcel tax funds from the existing $19 parcel tax approved by voters in 2002. The parcel tax approved in 2002 will expire in 2012 if not renewed. If the voters of the City of Riverside approve the measure described below, the annual $19 special tax would continue to be levied on each parcel of real property within the City of Riverside to generate funds for the exclusive use of the Library. This measure will authorize the City Council of the City of Riverside to renew the annual levy of a special tax on or with respect to parcels of property in an amount not to exceed $19 per parcel for a period of 10 years. The funds generated would be solely used to provide additional funding to the Library to maintain the operating hours of the public library's current eight branches, maintain after - school programs for children and service more than 350 public computer stations. The Riverside County Tax Collector, using the property tax rolls, would collect the special tax from the 2012 -2013 fiscal year to the 2021 -2022 fiscal year. State law would require the Riverside County Treasurer to place all funds collected in a special trust account for Public Library purposes. The Treasurer must then make a special annual report on the trust account. The City of Riverside estimates that the proposed measure would generate approximately $1,430,000 each year. When this money is transferred to the City, the funds will be segregated from other funds of the City and will not be part of its general fund. Under state law, the City could use the funds generated only for the Public Library purposes outlined above and would be audited annually. This impartial analysis is hereby submitted to the elections official in conformance with Section 9280 of the Elections Code of the State of C. •rnia. Ale Dated: August 3 , 2011 Greg a ry P. Priamos City Attorney O: \Cycom \Wpdocs \D003 \P011 \00075554. DOCX