Resolution No. 4483 - Laserfiche WebLink

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1. 1. Authorize the preparation of, deem final, and distribute a preliminary official statement for the Notes, and approve and deliver a final official statement for the Notes; 1.2. Determine whether the Notes will be sold on competitive bid or by negotiated sale, and publish a notice of sale and award the sale of the Notes to the most favorable bidder or select an underwriter, negotiate the terms of the sale of the Notes to the underwriter, and enter into an agreement to sell the Notes to the underwriter; 1.3. Enter into an agreement to provide continuing financial disclosure for the benefit of the owners of the Notes in accordance with the applicable rules of the United States Securities and Exchange Commission; 1.4. Establish the final principal amount, maturity schedule, interest rates, redemption provisions and other terms of the Notes, consistent with the limitations established by this Resolution; 1.5. report the results of the sale of the Notes to the Council; 1.6. negotiate the terms of the SRF Loan Agreement under which the Notes shall be sold to the DEQ, and the terms for the substitution of a bond for the Notes; and, 1.7. execute and deliver any certificates or other documents, and take any other action, including the appointment of a paying agent, which is desirable in order to issue, sell and deliver the Notes and the DEQ Obligations in accordance with this Resolution. Section 2. Security. The Notes shall be special obligations of the City, which are payable solely from the amounts the City covenants to deposit into the Special Assessments Capital Project Fund (the "Fund") pursuant to Section 3, below. The City covenants to use its best efforts to secure permanent financing which will be available to permit timely payment of the Notes. All Notes shall be parity obligations, which are payable ratably from amounts in the Fund and from the proceeds of permanent financing. Section 3. Special Assessments Capital Project Fund. The City Official is directed to establish the Fund. Until all Notes are paid or defeased, the City covenants to deposit into the Fund all moneys received by the City from its collection of unbonded assessments for the Project, the proceeds of permanent financing for the Project, the net proceeds of foreclosure of improvement liens for unbonded assessments for the Project, and any Note proceeds which are not required to pay Project costs. Until all Notes have been paid or defeased, the amounts in the Fund shall be used only to pay, purchase or redeem Notes, and shall not be transferred, borrowed, diverted or used for any other purpose. Section 4. Form of Notes. The Notes shall be in substantially the form attached hereto as Exhibit A, with such changes as may be approved by the City Official. Page 2 - Resolution No.__ J :\HWR \CITIES\EUGENE\BAN96\BAN96RES.DOC4/1 1/96