I MEASURE I - LONG BEACH INFRASTRUCTURE REINVESTMENT ACT -- To repay bonds

which the City intends to issue to repair/replace city streets, sidewalks, alleys, storm drains, fire

stations, police stations, libraries and recreational facilities and to acquire, restore and preserve

wetlands, shall an Ordinance be adopted which establishes an annual parcel tax of $120 per

residential unit (0.4 to 8.8 cents per square foot for other uses) adjusted annually for inflation?