Resolution No. 4545 - Laserfiche WebLink

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EXHIBIT "A" NOTICE OF REVENUE BOND AUTHORIZATION NOTICE IS HEREBY GIVEN that the Council of the City of Eugene, Oregon (the "City"), adopted Resolution No. 'i)l(S-on November 24, 1997, authorizing the issuance of the City's revenue bonds acting by and through the Eugene Water & Electric Board ("EWEB"). The bonds will be issued in one or more series to finance the acquisition of real and personal property, to develop, construct, equip and improve EWEB' s electric utility telecommunications system, and all equipment and appurtenances necessary, useful or convenient thereto (collectively, the "Project") and to fund any necessary reserves and costs of issuance. Subject to certain parameters, EWEB may establish all terms, conditions and covenants regarding the bonds and the revenues which are necessary or desirable to effect the sale of the bonds. The City estimates that the bonds will be issued in an aggregate principal amount not to exceed $15,000,000. Bond principal and interest are expected to be paid from EWEB's telecommunications system funds or funds from EWEB's Electric Utility System. The bonds will not be general obligations of the City, nor a charge upon its tax revenues, but will be payable solely from the revenues which EWEB pledges to the payment of the bonds. If written petitions, signed by not less than five percent (5%) of the City's qualified electors, are filed at the Office of the City Recorder on or before.L."...." 2. g, 1998 (the 61st day after the date of publication of the notice), the question of issuing $15,000,000 of the revenue bonds shall be placed on the ballot at the next legally available election date. Any such petition shall be subject to ORS 288.815 and Sections 2.970-2.992 of the Eugene Code, 1971. The Office of the City Recorder is located at 860 W. Park Avenue, Suite 300, Eugene, Oregon 97401. Information on procedures for filing petitions may also be obtained at such address or by telephone at (541) 682-5683. The resolution authorizing the bonds is available for inspection at the Office of the City Recorder. The bonds will be issued and sold under the Uniform Revenue Bond Act (ORS 288.805 to 288.945); this Notice is published pursuant to ORS 288.815(6). BY ORDER OF THE COUNCIL: NovemberM, 1997. !l' - pi #7 WARREN WONG CITY RECORDER 4 - Resolution No. ':l.S:.!:JJ./ CWC\cwc7637.res