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Plan The cost of the entire first phase is estimated to be approximately $35 9 million, <br />and about 81% of that cost would be paid using internal City resources, with about 19% <br />to be requested from the voters in the form of General Obligation Bonds <br /> <br /> NOW, THEREFORE, based upon the above findings, <br /> <br /> 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. A City election is called for the purpose of submitting to the qualified <br />voters of the City a measure authorizing the issuance of a maximum of $6,790,000 of <br />General Obligation bonds to be used to provide additional funding for the first phase of <br />the Civic Center Vision project The first phase would include not only the Community <br />Safety Building with a back-up 911 Center, but also space for the Police Department's <br />estimated needs for the next 10 years, space for social service agencies to co-locate with <br />the Police Department, expansion of and improvements to the downtown park blocks, <br />and street enhancements to achieve the "Civic Street" concept recommended in the <br />Downtown Plan, with the City's internal resources funding approximately 81% of the <br />total cost <br /> <br /> Section 2. The City Council orders this City election to be held in the City of <br />Eugene, Oregon, concurrently with the general election on the 2nd day of November, <br />2004, in accordance with the provisions of Chapter 254 of the Oregon Revised Statutes, <br />and the ballots shall be counted and tabulated and the results certified as provided by law <br /> <br /> Section 3. The City Recorder is directed to give not less than ten (10) days' <br />notice of the City election by publication of one (1) notice in the Register Guard, a <br />newspaper published in the City and of general circulation within the City <br /> <br /> Section 4. If approved by the electors, the proceeds from the sale of the bonds <br />will be used only for costs of capital construction and capital improvements related to the <br />purposes described in Section 1 of this Resolution, including payment of bond issuance <br />and interim financing costs <br /> <br /> Section 5. This Resolution shall become effective immediately upon its adoption <br /> <br /> The foregoing Resolution adopted the 26th day of July, 2004. <br /> <br /> /s/Mary H. Feldman <br /> City Recorder <br /> <br />Resolution - 3 <br /> <br /> <br />