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<br />RESOLUTION NO. Lf57/ <br /> <br />A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE BY THE CITY OF <br />EUGENE, ACTING BY AND THROUGH THE EUGENE WATER & ELECTRIC <br />BOARD, OF NOT TO EXCEED FIFTEEN MILLION DOLLARS ($15,000,000) <br />AGGREGATE PRINCIPAL AMOUNT OF REVENUE BONDS OR OTHER <br />EVIDENCES OF INDEBTEDNESS OF THE CITY, PAYABLE SOLELY FROM NET <br />REVENUES OR ANY PORTION THEREOF OF THE ELECTRIC UTILITY <br />SYSTEM OF THE CITY, OR FROM ANY OTHER MONIES LAWFULLY <br />AVAILABLE THEREFOR, FOR THE PURPOSE OF FINANCING <br />IMPROVEMENTS TO THE ELECTRIC UTILITY SYSTEM, INCLUDING <br />FACILITIES FOR THE GENERATION OF ENERGY THROUGH WIND POWER <br />PROJECTS; AND PROVIDING FOR CERTAIN OTHER MATTERS IN <br />CONNECTION THEREWITH. <br /> <br />The City Council of the City of Eugene finds that: <br /> <br />(a) The electors of the City of Eugene, Oregon (the "City") approved at an election duly held <br />on May 18, 1993, Resolution No. 4360 adopted by the City Council on February 17, 1993, authorizing the <br />City, acting by and through the Eugene Water & Electric Board (the "Board"), to issue up to One Hundred <br />Fifty Million Dollars ($150,000,000) aggregate principal amount of revenue bonds or other evidences of <br />indebtedness of the City, payable solely from the net revenues or any portion thereof of the Electric Utility <br />System of the City (the "Electric Utility System"), or from any other monies lawfully available therefor, for <br />the purpose of financing improvements to the Electric Utility System, including, but not limited to, facilities <br />for the generation of energy through wind power projects; and <br /> <br />(b) The Board has, pursuant to resolutions previously adopted, authorized certain actions with <br />respect to the Foote Creek Rim Wind Energy Project (the "Project"); and <br /> <br />(c) The City, acting by and through the Board, now proposes to issue revenue bonds or other <br />evidences of indebtedness in an aggregate principal amount of not to exceed fifteen million dollars <br />($15,000,000) for the purpose of financing of all or a portion of the Board's costs relating to the Project, the <br />funding of any debt service reserves, and the payment of costs of issuance; and <br /> <br />(d) Section 2 of Resolution No. 4360 requires that all terms and conditions of the bonds or other <br />evidences of indebtedness, and the terms upon which the same may be sold, shall be prescribed by <br />Resolution; <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 Provisions for Issuance and Sale of Ronds. The terms and conditions of <br />such bonds or other evidences of indebtedness in an aggregate principal amount of not to exceed fifteen <br />million dollars ($15,000,000) and the terms upon which the same may be sold shall be as set forth in this <br />Resolution; provided, however, that the Board is hereby authorized to prescribe by resolution all such terms <br />and conditions in addition to and not in conflict with those set forth herein. The terms and conditions <br />prescribed by this Resolution are as follows: <br /> <br />Page 1 <br />