Resolution No. 4707 - Laserfiche WebLink

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c. Adding weekday hours to the branch libraries to provide consistency in opening times, and adding Sunday hours to the branches; and d. Adding additional staff for telephone reference service for the library system and full service desk coverage at the Downtown Library. The levy will also include factors for uncollectible property tax payments, interest earnings, interest expense, contingency, and Unappropriated Ending Fund Balance (to provide for positive cash flow prior to receipt of property taxes). C. The City Council agrees that a $19,600,000, four-year local option levy, with $4,900,000 levied per year beginning July 1, 2003, should be placed on the May 21, 2002 ballot. This levy will replace the Library Local Option Levy currently on the tax bills of Eugene taxpayers. The average tax rate for the new levy is expected to be $0.50 per $1,000 of assessed value. A typical Eugene taxpayer is estimated to pay an average of$80 per year over the four-year period of the levy (assuming an average home with an assessed value of $143,300 and a real market value of $173,600). NOW, THEREFORE, based upon the above findings, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. A city election is called for the purpose of referring to the legal electors of the City of Eugene a measure authorizing a four-year Library Local Option Levy in the amount of $4,900,000 per year beginning July 1, 2003, for the funding of library operations. Section 2. The City Council orders this city election to be held in the City of Eugene, Oregon, concurrently with the general election on the 21 5t day of May, 2002, in accordance with the provisions of Chapter 254 of the Oregon Revised Statutes, and the ballots shall be counted and tabulated and the results certified as provided by law. Section 3. The City Recorder is directed to give not less than ten days' notice of the city election by publication of one notice in the Register Guard, a newspaper published in the City and of general circulation within the City. Section 4. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted the 25th day of February, 2002. %~ t - ~-.-c./ City Recorder Resolution - 2