Resolution No. 5307 - Laserfiche WebLink

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K. On July 27, 2020, the City Council agreed that a five-year Local Option Levy of $2,850,000 per year should be placed on the November 3, 2020 ballot. The typical Eugene taxpayer is estimated to pay an average of $37 per year over the five-year period of the levy. The tax rate for this levy will be $0.15 per $1,000.00 of property value per home, which is two cents less than the $0.17 tax rate for the current (2015) levy. L. In order to ensure accountability in the use of levy funds, several components will be included in the levy implementation: a. Levy funds will be budgeted and accounted for in separate funds that are easily identifiable by members of the public, in accordance with state law. b. Staff will prepare an annual summary of levy spending and performance measures. The report will clearly lay out the library's budget and the split between the General Fund and Levy Funds. The Library Advisory Board will annually review the report to determine whether spending complied with the intention of the ballot measure. c. The City Manager will provide an annual memorandum to the City Council about library levy spending and key performance measures for the services. The memorandum will include the staff report and any comments from the Library Advisory Board after their review. 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 five-year Library Local Option Levy in the amount of $2,850,000 per year, beginning July 1, 2021, to continue to maintain the current level of library services. Section 2. The City Council orders this city election to be held in the City of Eugene, Oregon, concurrently with the election on November 3, 2020, 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 27th day of July, 2020. .e4� City Recorder . j)eV,,,y