Laserfiche WebLink
<br />charge (if any) for the investment from the proceeds of the Bonds is authorized and <br />approved. <br /> <br />2.1.4. Execute and deliver on behalf of the City any and all additional certificates, <br />documents or other papers and other acts (including, without limitation, the filing of any <br />documents) as they may deem necessary or appropriate in order to implement the intent <br />and purpose of this Resolution. <br /> <br />2.1.5. Cause to be published in the Eugene Register Guard, Eugene, Oregon, and <br />in the Daily Journal of Commerce, Portland, Oregon, notices of sale or summary notices <br />of sale of the Bonds in the forms substantially as shown on Exhibits A(l) and A(2) <br />attached hereto and by this reference incorporated herein, as provided by law. The Bonds <br />shall be sold upon the terms provided in the Notice of Bond Sale attached as Exhibit A(l). <br /> <br />2.1.6. In consultation with the City's financial advisor and bond counsel, revise <br />the sale date, the debt service schedule, bidding constraints, and other terms of the Notice <br />of Sale if necessary to obtain the most favorable interest rate for the City. Such changes <br />shall be reported to the Council. Changes made after the initial publication of the Notice <br />of Sale shall be made and republished only as approved by the Oregon State Treasurer. <br /> <br />2.1.7. Award the sale of Bonds to the bidder submitting the best bid pursuant to <br />the Notice of Bond Sale. <br /> <br />Section 3. The Refunding Bonds. <br /> <br />The Refunding Bonds shall mature on January 1 on the following years in <br />approximately the following principal amounts: <br /> <br />Year <br /> <br />Amount <br /> <br />Year <br /> <br />Amount <br /> <br />1998 <br />1999 <br />2000 <br />2001 <br />2002 <br />2003 <br /> <br />$265,000 <br />300,000 <br />310,000 <br />325,000 <br />340,000 <br />350,000 <br /> <br />2004 <br />2005 <br />2006 <br />2007 <br />2008 <br /> <br />365,000 <br />385,000 <br />405,000 <br />420,000 <br />445,000 <br /> <br />Section 4. Adjustment of Amounts. <br /> <br />The City may adjust the amounts maturing in any years to maximize savings and to <br />size the issue in accordance with rates bid. Interested bidders may contact the City's financial <br />advisor on the day prior to the sale for an estimate of the final principal amounts. The City shall <br />notify the successful bidder of the final sizing within four hours after bids are received. <br /> <br />Page 2 - Resolution <br /> <br />J:\RDR\EUGENE.Cfl\ADV.REF.97\RES.DOC <br />