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<br />RESOLUTION NO. 4787 <br /> <br />A RESOLUTION OF THE CITY OF EUGENE, OREGON <br />AUTHORIZING THE ISSUANCE AND SALE OF THE <br />CITY'S GENERAL OBLIGATION PARKS AND OPEN <br />SPACES BONDS IN A PRINCIPAL AMOUNT OF NOT <br />MORE THAN $6,305,000. <br /> <br />The City Council of the City of Eugene, Oregon, finds as follows: <br /> <br />A. The voters of the City of Eugene (the "City") authorized the City to issue $25,305,000 <br />of general obligation bonds (the "Authorization") at the general election held on November 3, <br />1998, to finance the purchase of parkland, the building of parks and youth sports fields and <br />replacement of Amazon Pool. <br /> <br />B. The City has previously issued its General Obligation Bonds, Series 1999 (Parks and <br />Open Spaces) in the principal amount of$19,000,000 on August 17, 1999 under the <br />Authorization. <br /> <br />C. It is now desirable to issue $6,305,000 of those bonds for the purposes approved by <br />the voters at the November 3, 1998 election. <br /> <br />D. The City has appointed bond counsel pursuant to ORS 288.523. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Eugene, a municipal corporation of the State of Oregon, as follows: <br /> <br />Section 1. Bonds authorized. The City Council of the City hereby authorizes the issuance, sale <br />and delivery of one or more series of its General Obligation Parks and Open Spaces Bonds (the <br />"Bonds") for the purposes described in the ballot measure submitted to the City's voters at the <br />November 3, 1998 election and to pay costs of issuing the Bonds. The principal amount of the <br />Bonds shall not exceed $6,305,000. <br /> <br />Section 2. Delegation. <br /> <br />If the City Manager or the person designated by the City Manager to act on behalf of the City <br />pursuant to this Resolution (the "City Official") determines to issue a series of Bonds, the City <br />Official is hereby authorized and directed, on behalf of the City and without further action by the <br />Council, to: <br /> <br />(I) Participate in the preparation of, authorize the distribution of, and deem final any official <br />statement or other disclosure documents relating to each series of the Bonds. <br /> <br />(2) Establish the final principal amounts, maturity schedules, interest rates, sale prices and <br />discount, prepayment terms, payment terms and dates, and other terms of each series of <br />Bonds. <br /> <br />Page 1 - Resolution <br />