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Notice of City Measure Election ~ 0 -111 SEL 802 rev 1/06: ORS 250.035,250.041, 250.275,250.285,254.095.254.465 Name of City Eugene Notice is hereby given on date of election November 7.2006 . A measure election will be held in name of county or counties Lane County, Oregon. The following shall be the ballot title ofthe measure to be submitted to the city's voters on this date: November 7,2006 CAPTION 10 words FOUR-YEAR LOCAL OPTION PROPERTY TAX LEVY FOR LIBRARY OPERATIONS QUESTION 20 words Shall City of Eugene impose $2,687,500 each year for four years to fund library operations beginning in fiscal year 2008? This measure may cause property taxes to increase more than three percent. SUMMARY 175 words In May 2002, the voters of the City of Eugene approved a four-year local option property tax levy in the amount of $4,900,000 per year. The monies have funded library operations, including branch libraries, purchasing library materials, extending library hours, and adding additional library staff. The levy is set to expire on June 30.2007. Beginning July 1,2007, this new local option levy would renew a portion of the funding for the services now covered by the expiring levy. If passed, the proposed levy of $2,687,500 per year would total $10,750,000 over four years. It is estimated that the levy will average about $0.23 per $1000 of assessed value per year over the four-year period of the levy. The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the county assessor at the time of the estimate. J. signature The following authorized city official hereby certifies the above ballot title is true and complete, wh ich includes completion of the ballot title challenge process. Mary H. Feldman printed name of authorized city official City Recorder title