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RESOLUTION NO. 4843 <br /> <br />A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, <br />DETEILMINING, LEVYING AND CATEGOPOZING <br /> THE ANNUAL AD VALOREM PROPERTY TAX LEVY <br /> FOR THE CITY OF EUGENE FOR THE FISCAL YEAR <br /> BEGINNING JULY 1, 2005, AND ENDING JUNE 30, 2006 <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~ Tha the budget for the City of Eugene, Oregon, fbr the year commencing July <br />1,2005 and ending June 30, 2006, as set lbrth 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 fbrth in attached Exhibit "A" and authorizes the interfund loans described <br />in Exhibit <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 and a total levy in the <br />amount of$0~86 per $1,000 of Assessed Value be made against all taxable property within the <br />City of Eugene for Youth and School Services Local Option Levy as of 12:01 am July 1, 2005, <br />together with a Library Local Option Levy of $4,900,000 and a Bonded Debt Levy of <br />$4,387,597 for the purpose of deriving funds necessary to carry on the difJbrent programs and to <br />meet the expenses of the government of the City of Eugene for the fiscal year beginning July 1, <br />2005, and ending June 30, 2006; and to create and provide sinking funds and interest 15ands for <br />the various outstanding bonds and obligations of the City. <br /> <br /> Section 4. That the fbllowing allocation and categorization subject to the limits of <br />section I lb, Article XI of the Oregon Constitution constitute the above levy: <br /> <br />Subject to the General <br />Government Limitation <br /> <br />Excluded from <br />the Limitation <br /> <br />General Fund $7.0058 per $1,000 of Assessed Value $0 <br /> <br />Library Local Option Levy <br /> <br />$4,900,0O0 $0 <br /> <br />Youth & School Services <br />Local Option Levy <br />Bonded Debt Fund <br /> <br />$0.86 per $1,000 of Assessed Value <br /> <br />$0 <br /> <br />$0 $4,387,597 <br /> <br /> <br />