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e expenditure shall be incurred pursuant to any existing urban renewal plan after the date of enactment without voter approval if the expenditure would result in bonded indebtedness or indebtedness which will not be repaid during the then current or immediately succeeding fiscal year and which will be repaid, in whole or in part, by tax increment financing pursuant to ORS 457.420 through 457.460. Section 3 states that the governing body of the City of Eugene shall submit to the electors at least four times in local newspapers the information described by ORS 457.085(3) (d)-(h) prior to elector approval pursuant to Sections 1 or 2 of this amendment. Mr. Holmer moved, seconded by Mr. Boles, to request staff to provide the council with a draft of the Subject Charter Amendment, with only revised Section 1 of current filing of Charter Amendment. Responding to a question from Ms. Ehrman, Mr. Sercombe said that putting this on the ballot does gelete the requirement for petition signatures, and opponents have the right to proceed with their own measures. If both measures made it to the same ballot, the measure which received the greatest margin of affirmative votes would be enacted. Referring to Section 2, Ms. Ehrman questioned the definition of "indebtedness." Quoting Article 9.1 E of the Oregon Constitution, Mr. Sercombe said indebtedness is "that to which you can pledge tax increment funds for repayment." Mr. Holmer said that the intention of the initial sponsors of the measure was that if indebtedness extends beyond the second e fiscal year, it would require voter approval; any period of time less than two years would not require voter approval. Ms. Ehrman said that petition proponents should be included in the initial draft process in an effort to draft something acceptable to both parties. Ms. Schue supported Ms. Ehrman, concluding that the best strategy is to include petition proponents to produce an acceptable petition. Mr. Holmer withdrew his motion. Mr. Holmer moved, seconded by Ms. Ehrman, that the council president appoint two council members to work with representatives of the Coalition for Fair Allocation of City Taxes and the City Attorney's Office to develop alternatives to the Urban Renewal Measure. The motion passed unanimously, 6:0. Mr. Holmer and Ms. Ehrman volunteered to work with the tax proponents to identify acceptable alternatives to the Urban Renewal Measure. In response to a question from Mr. Bennett, Ms. Schue said that the council should not support or oppose the petition, reasoning that many people feel the right to sign a petition ;s different from the right to sign a petition based on its content. The council should first concentrate on drafting a well-written petition. After the petition is on the ballot, the council can e MINUTES--Eugene City Council October 11, 1989 Page 4