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<br />RESOLUTION NO. 4'f~ I <br /> <br />RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF GENERAL <br />OBLIGATION PUBLIC SAFETY FACILITIES BONDS, SERIES 1996, IN AN <br />AMOUNT NOT TO EXCEED $19,141,410, FOR THE PURPOSE OF <br />FINANCING EMSIFIRE REDEPLOYMENT. <br /> <br />THE CITY COUNCIL OF THE CITY OF EUGENE, OREGON (THE "CITY") FINDS AS <br />FOLLOWS: <br /> <br />A. The City has submitted to the legal voters of the City of Eugene the question of <br />whether the City shall contract a general obligation bonded indebtedness in the sum of <br />$19,141,410 for the purpose of financing public safety facilities, including EMSIFIRE <br />redeployment facilties (the "Project"), and to pay costs of issuing the bonds and to pay all costs <br />incidental thereto; and <br /> <br />B. The election was duly and legally held on September 19, 1995, and the City has <br />declared that issuance of bonds in the above sum has been approved by a maj ority of the qualified <br />voters of the City of Eugene voting in the election; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY C01JNCIL OF THE CITY <br />OF EUGENE, a municipal corporation of the State of Oregon, as follows: <br /> <br />Section 1. Authorization. <br /> <br />The City shall issue its General Obligation Public Safety Facilities Bonds, Series <br />1996 (the "Bonds") to finance the Project and to pay costs of of issuing the Bonds. The Bonds <br />shall be issued in a principal amount of not more than $19,141,410, and shall be sold at a true <br />interest cost of not more than eight percent per annum. The City Manager, the Finance Director, <br />or the person designated in writing by the City Manager to act under this Resolution (the "City <br />Official") may, on behalf of the City and without further action by the City Council: <br /> <br />1. 1. participate in the preparation of, authorize the distribution of, and deem final <br />the preliminary and final official statements and any other disclosure documents for the Bonds; <br /> <br />1.2. establish the final principal amount, maturity schedule, interest rates, <br />redemption terms, payment terms and dates, denominations and other terms of the Bonds, and the <br />terms under which the Bonds are offered for sale; <br /> <br />1.3. establish the terms under which the Bonds will be offered for sale, and <br />prepare and publish notices of sale, or summaries, for the Bonds as required by law; <br /> <br />Page 1 - Resolution <br /> <br />J :\HWR \CITIES\EUGENE\G096\G096RES. DOC <br />