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RESOLUTION NO. 4797 <br /> <br /> A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, <br /> DETERMINING, LEVYING AND CATEGORIZING <br /> THE ANNUAL AD VALOREM PROPERTY TAX LEVY <br /> FOR THE CITY OF EUGENE FOR THE FISCAL YEAR <br /> BEGINNING JULY 1, 2004, AND ENDING JUNE 307 2005 <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. That the budget for the City of Eugene, Oregon, for the year commencing July <br />1, 2004 and ending June 30, 2005, as set forth in attached Exhibit "A" is hereby Adopted. <br /> <br /> Section 2. That the City Council of the City of Eugene, Oregon makes Appropriations for <br />the purposes as set forth in attached Exhibit "A" and authorizes the interfund loans described in <br />Exhibit "C". <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 />arnount 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, 2004, <br />together with a Library Local Option Levy of $4,900,000 and a Bonded Debt Levy of $4,404,701 <br />for the purpose of deriving funds necessary to carry on the different programs and to meet the <br />expenses of the government of the City of Eugene for the fiscal year beginning July 1, 2004, and <br />ending June 30, 2005; and to create and provide sinking funds and interest funds for the various <br />outstanding bonds and obligations of the City. <br /> <br /> Section 4. That the following allocation and categorization subject to the limits of section <br />1 lb, Article XI of the Oregon Constitution constitute the above levy: <br /> <br /> Subject to the General Excluded from <br /> Government Limitation the Limitation <br />General Fund $7.0058 per $1,000 of Assessed Value $0 <br />Library Local Option Levy $4,900,000 $0 <br />Youth & School Services <br />Local Option Levy $0.86 per $1,000 of Assessed Value $0 <br />Bonded Debt Fund $0 $4,404,701 <br /> <br /> <br />