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<br />RESOLUTION NO. 4722 <br /> <br />A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, <br />DETERMINING, LEVYING AND CATEGORIZING THE ANNUAL AD VALOREM <br />PROPERTY TAX LEVY FOR THE CITY OF EUGENE FOR THE FISCAL YEAR <br />BEGINNING JULY 1, 2002, AND ENDING JUNE 30, 2003. <br /> <br />The City Council of the City of Eugene finds that Adopting the Budget and Making <br />Appropriations is necessary under ORS 294.305 to 294.565. <br /> <br />NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal <br />Corporation of the State of Oregon, as follows: <br /> <br />Section 1. That the budget for the City of Eugene, Oregon, for the year commencing July <br />1, 2002 and ending June 30, 2003, as set forth in attached Exhibit "A" is hereby Adopted. <br /> <br />Section 2. That the City Council of the City of Eugene, Oregon makes Appropriations <br />for the purposes as set forth in attached Exhibit "A" and authorizes the interfund loans described <br />in Exhibit "C". <br /> <br />Section 3. That a total levy in the amount of$7.0058 per $1,000 of Assessed Value be <br />made against all taxable property within the City of Eugene in general as of 12:01 am July 1, <br />2002, together with a library local option levy of $2,190,000, a youth programs local option levy <br />of $1,750,000 and a bonded debt levy of $4,169,088 for the purpose of deriving funds necessary <br />to carry on the different programs and to meet the expenses of the government of the City of <br />Eugene for the fiscal year beginning July 1, 2002, and ending June 30, 2003; and to create and <br />provide sinking funds and interest funds for the various outstanding bonds and obligations of the <br />City. <br /> <br />Section 4. That the following allocation and categorization subject to the limits of <br />section 11 b, Article XI of the Oregon Constitution constitute the above levy: <br /> <br />Subject to the <br />General Government <br />Limitation <br /> <br />Excluded from <br />the Limitation <br /> <br />General Fund <br /> <br />$7.0058 per $1,000 of <br />Assessed Value <br />$2,190,000 <br />$1,750,000 <br />$ 0 <br /> <br />$ 0 <br /> <br />Library Local Option Levy <br />Youth Programs Levy <br />Bonded Debt Fund <br /> <br />$ 0 <br /> <br />$4,169,088 <br /> <br />1 <br />