Resolution No. 5302 - Laserfiche WebLink

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RESOLUTION NO. 5302 A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, AND DETERMINING, LEVYING AND CATEGORIZING THE ANNUAL AD VALOREM PROPERTY TAX LEVY FOR THE CITY OF EUGENE FOR THE FISCAL YEAR BEGINNING JULY 1, 2020, AND ENDING JUNE 30, 2021 The City Council of the City of Eugene finds that Adopting the Budget and Making Appropriations is necessary under ORS 294.305 to 294.565. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, A Municipal Corporation of the State of Oregon, as follows: Section 1. That the budget for the City of Eugene, Oregon, for the fiscal year commencing July 1, 2020 and ending June 30, 2 02 1, as set forth in attached Exhibit A is hereby adopted. Section 2. That the City Council of the City of Eugene, Oregon makes appropriations for the purposes as set forth in attached Exhibit A. Section 3. That a total levy in the amount of $7.0058 per $1,000 of Assessed Value be made against all taxable property within the City of Eugene in general, a Library Local Option Levy of $2,700,000, a Parks and Recreation Operations and Maintenance Local Option Levy of $3,150,000 and a Bonded Debt Levy of $14,633,334 for the purpose of deriving funds necessary to carry on the different programs and to meet the expenses of the government of the City of Eugene for the fiscal year beginning July 1, 2020 and ending June 30, 2021; and to create and provide sinking funds and interest funds for the various outstanding bonds and obligations of the City. Section 4. That the following allocation and categorization subject to the limits of section 11b, Article XI of the Oregon Constitution constitute the above levy: Subject to the General Excluded from Government Limitation the Limitation General Fund $7.0058 per $1,000 of Assessed Value $0 Library Local Option Levy $2,700,000 Fund $0 Parks and Recreation Operations and Maintenance Local Option Levy Fund $3,150,000 Bonded Debt Fund $0 $14,633,334