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<br />>- 20% to Lane County; <br />>- 20% to the City of Eugene; and <br />>- 60% to support local education. The amount shall be distributed <br />proportionally (based on permanent tax rates) to K-12 education, Lane ESD, <br />and Lane Community College. The K-12 contribution shall be distributed to <br />the 4-J and Bethel school districts in amounts proportional to the districts' <br />enrollments. <br /> <br />Section 3. Enterprise Zone data will be reported to the Eugene City Council and the <br />Lane County Board of Commissioners on an annual basis and will include information on new <br />investments, tax exemptions granted, job creation, and public benefit criteria. <br /> <br />Section 4. Resolution 4851 is repealed upon the effective date of this Ordinance. <br /> <br />Section 5. Notwithstanding the effective date of Ordinances as provided in the Eugene <br />Charter of 2002, this Ordinance shall become effective 30 days from the date of its adoption by <br />the Council and approval by the Mayor or upon the adoption of a Resolution or Order of the <br />Lane County Board of Commissioners containing substantially similar provisions, whichever <br />date is later. <br /> <br />Passed by the City Council this <br /> <br />Approved by the Mayor this <br />ti day of May, 2006 <br /> <br />22nd day of May, 2006 <br /> <br />JM~L__ <br /> <br />~.~~ <br /> <br />Ordinance - 2 <br />