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<br /> e Deborah McCarty, Director of WISTEC, said the WISTEC Board of Directors has <br /> prepared two plans for its future: a closing plan and a mothball plan. The <br /> closing plan would be completed by August 31 and would dissolve the WISTEC <br /> Corporation. The mothball plan would put the WISTEC Corporation in a holding <br /> pattern for three months while it seeks stable funding and would allow WISTEC <br /> to remain open. Ms. McCarty distributed information summarizing these two <br /> plans and their proposed budgets. She emphasized that WISTEC is looking to a <br /> wide variety of groups for funding, not just the City. <br /> Mr. Bennett noted that many groups look at room taxes as a source of funding. <br /> He urged commissioners to remember this when deciding whether to become <br /> involved with funding WISTEC. Mr. Bennett stated that the council should <br /> consider the long-term interests of the community in deciding how to allocate <br /> room tax revenues. <br /> D. Airport Rules and Regulations <br /> Mayor Miller noted that Mr. Holmer would like the council to discuss the <br /> airport rules and regulations. According to council rules, two councilors <br /> must request a review of the rules and regulations before they can be <br /> scheduled for council discussion. Mayor Miller asked if another councilor <br /> would second Mr. Holmer's request. Mr. Bennett did so. <br /> E. Representation on the Gangs Task Force <br /> e Ms. Bascom moved, seconded by Ms. Schue, to appoint councilors <br /> Boles and Green as official council representatives to the <br /> Gangs Task Force. <br /> I!. ORDINANCE TO ACCEPT THE FINAL AMOUNT OF THE CERTIFICATES OF <br /> PARTICIPATION AND MATURITY SCHEDULE <br /> David Biedermann, Finance Division, gave the staff report. He said the City <br /> completed the sale of the Certificates of Participation, 1989, on July 27. <br /> This ordinance is action to adopt the final amount of that refunding issues <br /> and the maturity schedule for the Eugene Conference Center. He said this <br /> refunding has saved the Eugene Renewal Agency $300,000 and is the second, and <br /> final, refunding to occur for the conference center. Mr. Biedermann said <br /> staff's goal is to hit the market as it is going down; staff feels it has <br /> been successful ;n accomplishing this goal. <br /> CB 4153--An ordinance to adopt the final amount of the <br /> Certificates of Participation and Maturity Schedule. <br /> Ms. Bascom moved, seconded by Ms. Schue, that the bill, with <br /> unanimous consent of the council, be read the second time by <br /> council bill number only, and that enactment be considered at <br /> this time. The motion carried unanimously, 6:0. <br /> e MINUTES--Eugene City Council August 9, 1989 Page 2 <br />