Ordinance No. 18397 - Laserfiche WebLink

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IB347 Section 1. The authorization by the voters of the City on September 21, 1976, far the City Council to levy $333,333 in ad valorem property taxes each fiscal year to acquire land for expanding the City's park and recreational facilities and preserving the Southhills ridgeline is hereby revoked. Section 2. The City Council of the City of Eugene, oregon, is hereby authorized to issue negotiable bonds of the City in the aggregate amount of $4,DOQ,04Q for expand- ing the City`s park and recreational facilities and pre- serving the Southhills ridgeline.. Proceeds from the bonds may be used for, among other things, acquiring necessary land for these purposes. The bonds shall be general obli-~ gations of the City and shall be issued in denominations and with maturity dates specified by resolution of the Council. Section 2. The proposed measure shall be placed upon the offi- cial ballot by the City Recorder. There shall be furnished to the County Clerk for Lane County a certified copy of the ballot title for the measure and number of the measure to be voted upon. The City Attorney shall prepare and the City Recorder shall furnish a ballot title far the measure and direct that the.~ounty Clerk for Lane County place the measure upon the regular ballot to be used at the Lane County special election to be held on. June 26, 1979, to be voted upon by the electors of the City at the special. City election. Section 3. The necessary poll books, ballot boxes, tally sheets, ordinance _ ~