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<br />e <br /> <br />III. PUBLIC HEARING: SUPPLEMENTAL BUDGET #5 (memo, background information <br />di stri buted) . <br /> <br />City Manager Micheal Gleason introduced the agenda item. Financial Services <br />Director Warren Wong presented the staff report, stating that the Budget Commit- <br />tee had approved Supplemental Budget #5 after its review the previous evening. <br />He stated that the budget includes audit adjustments based on the FY83 Audit, <br />recognition of grant money received for Park development at Skinner Butte, and <br />revenue from the Bonneville Power Administration for additional street lighting. <br />He added that the Business License function will be moved from Finance to the <br />Eugene Development Department. <br /> <br />The public hearing was opened. <br /> <br />There being no testimony presented, the public hearing was closed. <br /> <br />CB 2726--An ordinance adopting a supplemental budget; making <br />appropri ations for the City of Eugene for the fi scal year <br />beginning July 1, 1983, and ending June 30, 1984; and <br />decl ari ng an emergency. <br /> <br />Mr. Obie moved, seconded by Ms. Wooten, that the bill be read <br />the second time by council bill number only, with unanimous <br />consent of the council, and that enactment be considered at this <br />time. <br /> <br />e <br /> <br />Councilor Ball stated that Supplemental Budget #5 includes funds from the <br />unallocated construction trust fund at the Conference Center, indicating a <br />deficit at that center. He explained that supplemental budget is an interim <br />two-year solution to the deficit problem. <br /> <br />Councilor Wooten stated that Hult Center Executive Director Dicks Reynolds has <br />indicated that negotiations on replacement and maintenance items discussed <br />previously by Mr. Hansen and her may be possible with the new Eugene Hilton <br />owners. <br /> <br />Roll call vote; the motion carried unanimously, 7:0. <br /> <br />Council Bill 2726 was read the second time by council bill number only. <br /> <br />Mr. Obie moved, seconded by Ms. Wooten, that the bill be approved <br />and given final passage. Roll call vote; all councilors present <br />voting aye, the bill was declared passed (and became Ordinance <br />No. 19230). <br /> <br />IV. AX BILLY OPTION AGREEMENT (memo, resolution distributed) <br /> <br />City Manager Micheal Gleason introduced the agenda item. James McCoy, President <br />of the Downtown Commission, presented the staff report, briefly reviewing the <br />February 15, 1984, Downtown Commission memorandum which outlined the following <br />conditions for the extension of the existing option agreement: <br /> <br />-- <br /> <br />MINUTES--Eugene City Council <br /> <br />February 22, 1984 <br /> <br />Page 3 <br />