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RESOLUTION NO. 5271 <br />A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, <br />AND DETERMINING, LEVYING AND CATEGORIZING <br />THE ANNUAL AD VALOREM PROPERTY TAX LEVY <br />FOR THE CITY OF EUGENE FOR THE FISCAL YEAR <br />BEGINNING JULY 1, 2019, AND ENDING JUNE 30, 2020 <br />The City Council of the City of Eugene finds that Adopting the Budget and <br />Making Appropriations is necessary under ORS 294.305 to 294.565. <br />NOW, THEREFORE, <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 />Section 1. That the budget for the City of Eugene, Oregon, for the fiscal year <br />commencing July 1, 2019 and ending June 30, 2 02 0, as set forth in attached Exhibit A is <br />hereby adopted. <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. <br />Section 3. That a total levy in the amount of $7.0058 per $1,000 of Assessed Value <br />be made against all taxable property within the City of Eugene in general, a Library Local <br />Option Levy of $2,700,000, a Parks and Recreation Operations and Maintenance Local <br />Option Levy of $3,150,000 and a Bonded Debt Levy of $13,891,211 for the purpose of <br />deriving funds necessary to carry on the different programs and to meet the expenses of <br />the government of the City of Eugene for the fiscal year beginning July 1, 2019 and ending <br />June 30, 2020; and to create and provide sinking funds and interest funds for the various <br />outstanding bonds and obligations of the City. <br />Section 4. That the following allocation and categorization subject to the limits of <br />section 11b, Article XI of the Oregon Constitution constitute the above levy: <br />Subject to the General Excluded from <br />Government Limitation the Limitation <br />General Fund $7.0058 per $1,000 of Assessed <br />Value $0 <br />Library Local Option Levy $2,700,000 <br />Fund $0 <br />Parks and Recreation $3,150,000 $0 <br />Operations and Maintenance <br />Local Option Levy Fund <br />Bonded Debt Fund $0 $13,891,211 <br />