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<br /> i WISE, A SITE FOR A NEW CITY HALL, EITHER WITH OR WITHOUT A FIRE STATION IN
<br /> .
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<br /> I; CONNECTION THEREWITH, AND TO CONSTRUCT, ERECT, ~QUIP, MAINTAIN AND REPAIR I
<br /> 'I A SUITABLE CITY HALL BUILDING AND A FIRE STATION, EITHER IN CONNECTION WITH
<br /> I. ,
<br /> h SAID CITY HALL OR AT SOME OTHER SUITABLE LOCATION. I
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<br /> r SECTION 2. FOR THE PURPOSE OF PROVIDING SUffICIENT FUNDS fOR THE PAY~ ,
<br /> I" I,
<br /> !I MENT FOR SAID CITY HALL AND fIRE STATION SITE OR SITES AND FOR SAID CITY l
<br /> HALL AND FIRE STATION BUILDING AND EQUIPMENT AND FOR THE PURPOSES SET OUT t,
<br /> 11 IN SECTION I HEREOf, THE COMMON COUNCIL OF THE SAID CITY Of EUGENE IS HEREBY !
<br /> t,
<br /> I' AUTHORIZED, EMPOWERED AND DIRECTED TO ISSUE AND SELL AS SHALL BE DEEMED EX- ,
<br /> 0,
<br /> f~ PEDIENT, CONVENIENT AND NECESSARY NEGOTIABLE GENERAL OBLIGATION BONDS OF THE
<br /> .
<br /> ;" CITY OF EUGENE, OREGON, TO THE AMOUNT OF $1,050,000~00, OR SO MUCH'THEREOF
<br /> t1
<br /> " AS SHALL BE DEEMED NECESSARY AS AfORESAID TO BE USED WITH OTHER AVAILABLE
<br /> .!
<br /> I: fUNDS FOR THE PURPOSES SET OUT HEREIN.
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<br />e I~ SECTION 3. THE BONDS HEREBY AUTHORIZED SHALL BE NEGOTIABLE GENERAL tl
<br /> ( OBLIGATION BoNDS OF THE CITY Of EUGENE IN SERIAL FORM AND ARE TO MATURE IN 'I
<br /> )
<br /> j,; NOT MORE THAN TWENTY YEARS FROM THE DATE Of ISSUE THEREOf, AND MAY BE IN I
<br /> I: I
<br /> I: SUCH fORM AND OF SUCH DENOMINATION, DUE DATE, INTEREST PAYMENT DATE, PLACE (
<br /> I, OF PAYMENT, AND BEAR SUCH CALLABLE fEATURES AND PROVISIONS AS THE COMMON !
<br /> l' COUNCIL OF THE CITY OF EUGENE MAY DEEM MOST LIKELY TO ENHANCE THEIR VALUE I
<br /> I: I
<br /> AND INSURE THEIR SALEABILITY. SAID BONDS SHALL BEAR A RATE Of INTEREST l
<br /> .i NOT GREATER THAN 6% PER ANNUM, AND SHALL BE SOLD FOR NOT LESS THAN 98 PER
<br />I 1'1 i
<br /> t,i CENTUM OF THEIR PAR VALUE AND ACCRUED INTEREST. THE BONDS ISSUED PURSUANT
<br /> I, I
<br /> p TO AUTHORITY HEREBY GRANTED SHALL BE KNOWN AS CITY HALL BONDS Of THE CITY i
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<br /> I; Of EUGENE, OREGON.
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<br /> 1,1 SECTION 4. THE COMMON COUNCIL Of THE CITY Of'EUGENE IS HEREBY AUTHORIZED :1
<br /> I
<br /> I, AND- DIRECTED TO INCLUDE IN ITS GENERAL MUNICIPAL TAX LEVY EACH YEAR SUCH SUFFI- I
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<br /> I; CIENT SPECIAL LEVY AS SHALL AGGREGATE, WITH ANY OTHER AVAILABLE FUNDS, AN .
<br /> Ii AMOUNT SUfFICIENT TO PAY THE INTEREST ON THE BONDS AND TO PAY THE PRINCIPAL !
<br /> OF SAID BONDS UPON MATURITIES THEREOf AS ~;SSUED, WITHOUT REGARD TO ANY TAX I
<br /> .' LIMITATION PROVIDED BY THE C~ARTER. :1
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<br /> Ii SECTION 5. THE COMMON COUNCIL 15 HEREBY AUTHORIZED AND DIRECTED TO ~I
<br /> II ISSUE AND SELL SAID BONDS FROM TIME TO TIME AS THE fUNDS fROM THE SALE THERE-
<br /> II 1,,1
<br /> "
<br /> " Of MAY BE NEEDED fOR THE PURPOSES HEREIN SPECIFIED, BUT BEFORE ANY Of SAID !,i
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<br /> n BONDS SHALL BE SOLD, THEY SHALL BE ADVERTISED FOR SALE, AND THEY SHALL BE
<br /> Ii SOLD IN THE MANNER PROVIDED BY SECTIONS 287.002 TO 287.008, INCLUSIVE, [
<br /> Il OREGON REVISED STATUTES.
<br /> II !
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<br /> l'i SECTION 6. THE MONEY DERIVED fROM THE SALE OF SAID BONDS, OR ANY POR-
<br /> I:: TION THEREOf, SHALL CONSTITUTE A SPECIAL FUND KNOWN AS THE CITY HALL AND
<br /> 0. FIRE STATION CONSTRUCTION FUND FOR THE USE AND BENEfIT Of THE CITY Of
<br /> I: EUGENE, AND SHALL BE USE6 FOR NO OTHER PURPOSE THAN THOSE HEREIN SPECIFIED.
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<br />I I' SECTION 7. THE INDEBTEDNESS AUTHORIZED BY THIS AMENDMENT TO THE CHARTER I
<br /> 1\ Of THE SAID CITY OF EUGENE 15 IN ADDITION TO ALL OTHER INDEBTEDNESS AUTHORIZED I
<br /> I ~ BY THE CHARTER OF THE CITY OF EUGENE, OREGON." i
<br /> II
<br /> i! IT WAS MOVED BY MR. HARTMAN SECONDED BY MR. SHISLER THAT THE RESOLUTION BE ADOPTED. ;:t
<br /> L i
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<br /> ij IT WAS MOVED BY MR. MOLHOLM SECONDED BY MR. MCGAfFEY THAT SECTION I Of THE RESOLUTION AS READ BE
<br /> 11 AMENDED TO PROVIDE fOR THE LOCATION OF A CITY HALL BETWEEN 7TH AVENUE AND 8TH AVENUE AND BETWEEN !
<br />!.' ~ I PEARL STREET AND HIGH STREET. ,
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<br /> " i
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<br /> Ii FOLLOWING THIS MOTION, CONSIDERABLE DISCUSSION WITH REFERENCE TO LOCATION, THE IDEA OF A CIVIC I:
<br /> I' CENTER, THE POTENTIALITIES Of PASSING A BOND ISSUE, THE DEVELOPMENT Of THE AREA AND VARIOUS SITES I
<br /> ,I WAS HAD BY THE COUNCIL AND INTERESTED CITIZENS. i
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<br /> ij A VOTE WAS THEN TAKEN ON THE MOTION TO AMEND THE RESOLUTION, AND THE MOTION WAS DEfEATED BY A I
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<br /> i' VOTE OF 3-5. I,
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<br /> A VOTE WAS THEN TAKEN ON THE ORIGINAL MOTION TO ADOPT THE RESOLUTION AS READ. MOTION DEfEATED /
<br /> II I
<br /> I,; BY A VOTE OF 4-4.
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<br /> Ii IT WAS MOVED BY MR. EDMUNDS SECONDED' BY MR. SHISLER THAT THE ORIGINAL MOTION AS READ AND JUST t
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<br /> Ii VOTED UPON BE RECONSIDERED. MOTION CARRIED 5-2.
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<br /> " IT WAS MOVED BY MR. HARTMAN SECONDED BY MR. SHISLER THAT THE ORIGINAL RESOLUTION FOR A CITY HALL [I
<br />I BOND ISSUE WITH THE SITE TO BE DETERMINED BY THE COUNCli BE ADOPTED.
<br /> I"
<br /> Ii IT WAS MOVED BY MR. MOLHOLM SECONDED BY MR. McGAffEY THAT THE RESOLUTION BE AMENDED TO sPECIFI- H
<br /> :,i
<br /> ,: CALLY NAME THE SITE BETWEEN 7TH AVENUE AND 8TH AVENUE AND BETWEEN PEARL STREET AND HII,GH STREET AS THE Ii
<br /> '.
<br /> I LOCATION fOR A NEW CITY HALL. MOTION DEfEATED 4-4. I
<br /> II .
<br /> i
<br /> J AT THIS POINT A VOTE ON THE ORIGINAL MOTION TO ADOPT THE RESOLUTION WAS TAKEN. MOTION DEfEATED 1
<br /> i 4-4.
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